Cordray’s MBA Speech Heavy on Self-Praise, Silent on Controversies

National Mortgage Professional, Oct. 20, 2015–Hall, Phil

In remarks delivered before the Mortgage Bankers Association’s Annual Convention in San Diego, Consumer Financial Protection Bureau Director Cordray insisted that “unsupported hyperbole” surrounding the potential problems connected to the Qualified Mortgage and Ability-to-Repay  rules could not obscure the Bureau’s insistence that these changes were necessary.