Financial Regulation Lags After Dodd-Frank

Fox Business

July 25, 2011

— Several new financial regulations that cover the mortgage market, the epicenter of the financial crisis, were among the first to undergo rule-making. Mortgage originators now must make sure that a borrower has the ability to repay a loan. They also are prevented from steering homebuyers to more expensive loans or misrepresenting the available loans, a property’s appraised value or the consumer’s credit history. Click here for more.