The Consumer Financial Protection Bureau's recent offensive against redlining by nonbank mortgage originators is increasingly relying on internal communications to make charges stick.
In the aftermath of the Great Recession, protections were put in place to eliminate bad mortgages. Lenders became much pickier on who could qualify for loans and laws were passed to ensure the world’s economy would never melt down again due to dangerous lending. Fears are mounting, however, that riskier lending could be staging a comeback.
No cause of death was provided for the longtime industry figure, who before joining CoreLogic in 2015 was at Freddie Mac for 28 years, including 13 as its chief economist.