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Volume 26 - Number 26

July 1, 2009

Agencies Issue Interim Risk-Weighting Rule for Mortgages Modified Under MHAP

Federal thrift and banking regulators are seeking comment on an interim final rule that would allow mortgage loans modified under the government’s Making Home Affordable Program to retain their pre-modification risk weights. The agencies believe that addressing the risk-based capital treatment of mortgages modified under the MHAP now will facilitate...

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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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