Back in February we told you not to worry about Richard Cordray’s appointment to the Consumer Financial Protection Bureau. (There was some concern that if wasn’t confirmed, we’d be back in limbo in terms of mortgage requirements, and that would play havoc with the housing recovery.)
As expected, the Senate voted to confirm Cordray as director of the CFPB. That means the various mortgage and other lending rules we’ve been covering for months will not be up in the air, and the recovery can continue apace.
As you were.