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Tuesday, October 16, 2012

CFPB Considering 'Legal Shield' for Some Mortgage Loans

According to an article in the Wall Street Journal federal regulators are considering giving mortgage lenders protection from certain lawsuits, in order to encourage lending to well-qualified borrowers.

The CFPB has been working on a mortgage proposal which would establish a basic national standard for a “qualified mortgage.” The Wall Street Journal has reported the CFPB is “considering providing a full legal shield for high-quality loans that qualify, mandating that judges rule in lenders' favor if consumers contest foreclosures.”

Read the full Wall Street Journal article by following the link in the ABARegPolicy twitter feed on the right of the Dodd-Frank Tracker homepage.

1 comment:

Derrick Patterson said...
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