Fed Opinion Sought on Impact of MDIA on TBW’s Unfunded Loans
August 17, 2009
Mortgage lenders and their mortgage broker partners are closely watching developments in the Taylor, Bean & Whitaker case as they grow more concerned about the required waiting periods under newly revised Truth in Lending Act regulations and their effect on the unfunded loans left in TBW’s pipeline. The National Association of Mortgage Brokers urged the Federal Reserve to clarify the...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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