Industry NewsMortgage

Fight over Obama recess appointments could jeopardize new mortgage rules

Court ruling opens the door for battle over leadership of Consumer Financial Protection Bureau
Published on Jan 29, 2013 | Updated on Apr 23, 2013

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by CareyBot

Wow! Could many of the regulatory actions taken by the Consumer Financial Protection Bureau during the past year with potentially far-reaching impacts on real estate -- the "Qualified Mortgage" (QM) standards, new mortgage servicing requirements, appraisal and loan officer compensation rules, and the real estate disclosure and settlement changes under RESPA now moving through the agency, to name just a few -- be suddenly thrown into doubt?

Could a decision by a Washington, D.C., appellate court last Friday that found President Obama's three recess appointments to the National Labor Relations Board (NLRB) were unconstitutional now upset the apple cart at th

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