The CFPB is number one with lenders – number one on their list of concerns. More than 60 percent of the industry executives responding to QuestSoft’s annual compliance survey ranked the Qualified Mortgage rules and the integrated mortgage disclosure statement as matters of “high concern” to them. “Lenders appear more weary than ever of the CFPB’s rules, as non-CFPB issues are seen as increasingly lower priorities,” Leonard Ryan, founder and president of QuestSoft, said in a press statement. “It seems the message of the survey is that for many lenders, the mortgage environment has become highly dependent on the box of lending that the CFPB rules are creating.”
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