CFPB Mortgage Rule Changes Leave Small Banks Wanting More

Law360, New York (May 29, 2013, 8:27 PM EDT) -- The Consumer Financial Protection Bureau on Wednesday made revisions to its ability-to-repay and qualified mortgage rules intended to ease lending standards for small banks, but analysts say there may not be enough small banks that benefit from the eased rules for the housing market to continue its recovery. 

The CFPB aimed its amendments to its major mortgage rules squarely at small lenders and nonprofit housing groups, lifting many of the underwriting requirements for those institutions. Under the rules, small banks and credit unions can continue making...
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