In a press release and a conference call on Wednesday officers of the Mortgage Bankers Association (MBA) outlined the association's r egulatory and legislative priorities for the coming year. The Dodd-Frank Financial Reform Act, the release said, established a blueprint for the most significant overhaul of the financial services industry since the Great Depression and is a major focus of MBA activities. John Courson, president and CEO, said that Dodd-Frank set out a skeleton for reform and now regulators with input from stakeholders such as MBA are putting meat on the bones. Michael Berman, MBA chairman, said that there will probably be some 200 regulations emerging out of the Dodd-Frank Financial Reform Act, about 100 of which will be of direct concern to MBA members. At the same time other...(read more)
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Source: http://www.mortgagenewsdaily.com/01262011_mba_mortgage_regulations.asp
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