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Small mortgage lenders ask for relief from CFPB regulations

Small mortgage lenders ask for relief from CFPB regulations

"Small lenders cannot absorb or amortize high fixed costs the way large banks are able to do," said CMLA Acting Director Rob Zimmer. "In addition, many of these lenders have higher costs of funding due to their business models-they don't get cheap deposit insurance money, cheap Fed window money, and they never took TARP funds." 

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