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Home » Small Mortgage Lender Groups Ask Mulvaney to Streamline Regulation
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Small Mortgage Lender Groups Ask Mulvaney to Streamline Regulation

February 20, 2018
The Community Home Lenders Association and the Community Mortgage Lenders of America sent a joint letter to CFPB Acting Director Mick Mulvaney, asking for regulatory streamlining of smaller independent mortgage bankers (IMBs) through risk-based supervision, citing the requirements of the Dodd-Frank Act. Specifically, their correspondence referenced a statutory requirement, Dodd-Frank subsection 1024(b)(2), under which the bureau is required to tailor its supervision of non-banks ...
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