Oh great, look forward to DC writing more regulations. Top down approach hasn’t worked yet.
Two underlying problems with the servicing system as it currently exists are (a) lack of transparency and (b) lack of accountability.
Source: http://www.mortgagenewsdaily.com/04102012_mortgage_servicing.asp
Lenders worry about the consumer finance protection bureau rules regarding mortgages an rally against an overly narrow definition of “qualified mortgage” lending rules.
Source: http://bankcreditnews.com/news/mortgage-industry-growing-concerned-over-cfpb-lending-rules/3875/