In light of the collapse of the mortgage market, the passage of the Dodd-Frank Act, and the creation of a new sheriff in town in the form of the Consumer Financial Protection Bureau, the time has come for the mortgage industry to evolve a new compliance model, according to a top industry consultant. “Stresses on the mortgage market are breaking the traditional compliance model,” said Jo Ann Barefoot, co-chair of Treliant Risk Advisors, a compliance, risk management, and strategic advisory firm for the financial services industry...