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Volume 2010 - Number 17

August 20, 2010

New Disclosures Required for Alt Mortgages

The Federal Reserve this week issued an interim rule that revises the disclosure requirements for alternative mortgages. The Fed also proposed stronger disclosure-related protections for borrowers and issued a final rule requiring the disclosure of the sale or transfer of a borrower’s mortgage. The rules revise...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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