The final HUD regulation marks the first time the agency has made changes to the LI program, which enables high-performing lenders to insure forward mortgages without a pre-endorsement review.
The CFPB is a tough cop on the beat, no doubt. But is the agency and its rules causing certain banks in Oklahoma to exit the residential lending sector?
Banks continue to press the CFPB on their request that the agency use its exemption authority to extend the ATR rule's compliance deadline from 12 to 24 months.
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