Bankers buried in lawsuits say new mortgage rules fall short
Oct 26, 2014 7:43 AM -
Bankers who gathered in Las Vegas to hear Melvin Watt reveal mortgage rule changes said they won't do enough to expand credit to many Americans shut out of housing. Lenders demand relief from government lawsuits too. "The future of housing in America is on the line," Bill Cosgrove, chief executive officer of Strongsville, Ohio-based Union Home Mortgage, told thousands of attendees of the Mortgage Bankers Association annual conference.