All Things Government: CFPB, Dodd-Frank, QM, QRM, more


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Securitization market awaits QRM standards – By Christina Mlynski – Housingwire

Clinton Added Teeth To CRA, Obama Turned Them Into Fangs – By Paul Sperry – … Obama administration wants banks to step up approval of such low-income mortgages. And it’s using the CRA to spur more lending, including:  Forcing banks through threat of prosecution to expand their CRA assessment areas to include inner-city areas blighted by subprime foreclosures, where they are compelled to invest in new brick and mortar. … Opinion

(nice summary from Ballard Spahr) CFPB issues final rules on mortgage servicing, appraisals and loan originator compensation – By Richard J. Andreano, Jr. 
(QRM should mirror QM says Bob Corker) Sen. Corker Seeks Further Clarification on CFPB’s QMNational Mortgage Professional 
Senator Pens Letter Urging Simplification Of Mortgage Rules – BY: TORY BARRINGER – The M Report

Bulk of Mortgage-Related TARP Funds Remain Untouched – BY: KRISTA FRANKS BROCK – When Treasury issued the Troubled Asset Relief Program (TARP) in October 2008, it designated $45.6 billion for mortgage-related programs. … more than $40 billion in mortgage relief remains unspent , according to a report from the Government Accountability Office  (GAO).  … – DS News
New mortgage regulations will prevent future housing bubblesOC Housing News
CFPB Announces Rules for Appraisals and Higher-Priced Loans – BY: TORY BARRINGER – DS News


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