Consumer Financial Protection Bureau Director Richard Cordray gave no indication which way his agency may be leaning in terms of the kind of legal protection the CFPB may provide related to “qualified mortgages” and lender liability when the agency releases its ability-to-repay final rule under the Truth in Lending Act later this year. Appearing before the Senate Banking, Housing and Urban Affairs Committee last week, Cordray said, “One of the things we’ve heard most about from institutions is they would like to see this rule – whatever the criteria are – that there be some sort of safe ...
Moves by the Trump administration are disrupting the economy and the federal agencies that deal with the housing market. Bob Broeksmit, president and CEO of the MBA, isn’t sure how it’s all going to play out.
House Republicans called for the Department of Housing and Urban Development to roll back the FHA payment supplement program.
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