With a multitude of new regulations facing the mortgage lending industry is it any wonder why lenders are reluctant to loosen credit guidelines. If you are seeking answers you only need to look to the mountain of government regulations that loom over the lending industry - CFPB & Dodd-Frank as well as other triggers for unease among lenders include enhanced scrutiny of the Community Reinvestment Act, state consumer lending laws, and the National Mortgage Licensing System Secure and Fair Enforcement for Mortgage Licensing Act.
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