Resisting the Merge
Richard Morris was quoted in The MReport, a publication dedicated to mortgage banking news. The article discussed new financial regulation rules for the mortgage lending industry under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Richard compared the battle over more compliance to a sunrise-versus-sunset philosophy. "I think what people need to know is that their bankers . . . have to embrace these regulations," Morris said. "There is a prudent course that has been plotted for us and we need to follow that course."