The increasing popularity of alternative and innovative means for verifying mortgage borrowers’ ability to repay their loans has caused financial entities and regulators to reevaluate rules and statutes implemented to protect those same borrowers from the types of predatory lending that contributed to the financial crisis.
Many reason that some of the safeguards put in place by the Dodd-Frank Act and federal regulators are too restrictive and offered various suggestions for addressing that issue.
Find out more details about stakeholder suggestions.