CFPB May Trip Over Dodd-Frank in Mortgage Rule Revamp, Bloomberg Law

Morgan Lewis’s Eamonn Moran was quoted in a Bloomberg Law article discussing plans by the Consumer Financial Protection Bureau (CFPB) to create “seasoned” qualified mortgages that could have significant implications for the residential mortgage marketplace. Industry sources are noting that the CFPB proposals could conflict with the Dodd-Frank Act, which,  according to Eamonn, “doesn’t allow for the so-called seasoning of loans.”

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