Mortgage Industry Gong Show: Hasty Rule-Making Creates More Confusion

"Treasury has a new blog channel called "Treasury Notes".

Get it?

"Notes" as in T-Notes or the debt instruments issued by the U.S. government that pay a fixed rate of interest every six months until maturity, which can range from 2 to 10 years. Clever right?

Yesterday they published the first of a series of five question interviews with senior Treasury officials. This week their guest was Elizabeth Warren, who serves as a Special Assistant to the President and is the lead administrator of the new Consumer Financial Protection Bureau (CFPB). This is of special interest to mortgage professionals because the CFPB will play a key role in restructuring (again) the mortgage application proces."