Small business is lowering its delinquency, firm says.
WASHINGTON—Richard Cordray, director of the Consumer Financial Protection Bureau, defended his agency’s qualified mortgage regulations against recent criticism during the Mortgage Bankers Association annual convention here Oct. 28. (See more coverage on page 3.)
WASHINGTON — CFPB director tells confab that 95% of current mortgage lending will qualify.
Credit rater reports record low share of delinquent dollars as economy turns up for small businesses.
Media sources report that Mark Zandi, chief economist at Moody's Analytics, is a lead contender to replace DeMarco.
Hurricane Sandy, Midwest drought and government spending cuts lead to deterioration in small business credit quality, rise in delinquent debt.