Lenders: Dodd-Frank Is Choking The Life Out Of The Mortgage Business

SOURCE: Mortgage News Feed

The Dodd-Frank rules are choking the life out of the mortgage banking industry, a survey of 182 lenders recently conducted by the American Bankers Association (ABA) reveals. Nearly 80% of respondents say they expect the Consumer Financial Protection Bureau's (CFPB) new mortgage lending rules, which grew out of the Dodd-Frank Act, to further reduce credit availability.

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