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The Dodd-Frank Wall Street Reform and Consumer Protection Act: Impact on Mortgage Businesses

July 16, 2010

By V. Gerard Comizio, Lawrence D. Kaplan, Helen Y. Lee & Emily Hartman

This StayCurrent bulletin addresses the impact of the Dodd-Frank Act on mortgage businesses. As the provisions of the Dodd-Frank Act will broadly impact the mortgage industry, the term mortgage business is intended to be interpreted broadly to encompass a broad range of industry participants, including state-licensed mortgage brokers and lenders, state and federally chartered banks and thrifts with mortgage operations, and mortgage servicers.