Cordray: CFPB doesn't want to dampen housing market's recovery

New mortgage rules are crafted so that they won't make tight lending standards worse, Consumer Financial Protection Bureau Director Richard Cordray said Wednesday. Speaking at a conference in North Carolina, Cordray said 95% of loans currently being made would meet the agency's criteria, adding that lenders should still make loans that might not meet the CFPB definition of a qualified mortgage.

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