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3/19/13 - Getting Ready for the Next-Generation Mortgage Market

The Consumer Financial Protection Bureau in January released a series of regulations that will fundamentally reshape the origination, servicing, and securitization of residential mortgages in the United States. All participants in the mortgage market — consumers, lenders, securitizers, servicers, and investors, among others — will feel the influence of the new rules. Companies are deciding whether they can carve out a profitable business that meets their strategic objectives under the new regulatory regime for mortgages.

Please click below to read a Sightlines InFocus by David Stein that offers a compliance perspective on the key implementation challenges and critical issues that mortgage lenders and servicers face in adapting to the new regulatory framework. This Sightlines InFocus is based on “Summary of 2013 Mortgage Rules Issued by the Consumer Financial Protection Bureau,” a white paper by Promontory Financial Group that explores the implications of the regulations issued in January by the CFPB. To receive the white paper, please email sightlines@promontory.com.

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