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CFPB Mortgage Rules Strangle Banks’ Profits by 60% 

Mar 21, 2016By

Independent mortgage banks are starting to feel the sting from the Consumer Financial Protection Bureau’s (CFPB) new mortgage rules enacted last fall, particularly on their bottom lines, a recent report indicates. Since last October’s enactment of the CFPB’s TILA-RESPA Integrated Disclosures—commonly referred to as TRID and the agency’s Know Before You Owe mortgage rules—the jury […]