CFPB releases mortgage rule guidance

06/4/2013 | AmericanBanker.com (free registration)

The Consumer Financial Protection Bureau issued guidance Tuesday on what examiners will be checking for regarding compliance with new mortgage rules, including the rules for qualified mortgages. The guidance notes that lenders are expected to prove proper qualifications for loan originators and to prevent borrowers from being steered into higher-priced mortgages.

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