CFPB Head Richard Cordray Explains New Mortgage Rules

PBS Newshour on new rules for banks.

New Mortgage Regulations Require Proof of Ability to Repay - CFPB Press Release

Margaret Warner talks to Richard Cordray, director of the Consumer Financial Protection Bureau, about a new set of federal guidelines to prevent risky mortgage lending practices.

Further reading:

• New Mortgage Rules: A Checklist for Consumers
• In Tighter Loan Rules, Wiggle Room for Banks - NYT

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[DailyBail]

New mortgage rules give small banks a chance

http://www.washingtonpost.com/business/economy/smaller-lenders-could-get-bigger-slice-of-mortgage-market-thanks-to-new-rules/2013/01/10/95f381da-5b35-11e2-beee-6e38f5215402_story.html