The increased regulatory burden created by the Dodd-Frank Act restricted bank residential lending in 2017, especially when it came to non-qualified mortgages, according to an American Bankers Association survey.
As banks modernize their mortgage platforms, they need to be mindful of a slew of state and federal laws, some of which are in the process of changing. In this executive summary, a compliance expert walk through current compliance considerations and help leaders form a strategy for meeting ever-changing regulations.
Demands for loan quality aren't just coming from regulators and the government-sponsored enterprises. Secondary market partners and investors don't want to be left holding the bag if loans that lenders create have quality issues.