By Michael Zwall
Director of mortgage services
Are you ready?
This sweeping legislation is touching
nearly every corner of the mortgage industry.
If there’s one thing mortgage professionals can count on, it’s regulatory
change. Although the financial-services industry has accommodated
incremental regulatory change, the Dodd-Frank Wall Street Reform and
Consumer Protection Act, which celebrated its first birthday this past
July, presents the greatest legislative changes to financial supervision
since the 1930s. As a result, mortgage companies must plan now to
comply with the act’s requirements for a stricter, more complicated
and expensive regulatory framework. >>