WASHINGTON — Consumer Financial Protection Bureau Director Richard Cordray said Tuesday that some lenders' concerns about meeting the deadline for new mortgage rules are warranted but not their fears over legal protections in complying with the regulations.

In a speech to the Mortgage Bankers Association's annual conference in Washington, Cordray said the agency's supervision team "will be sensitive" to lenders in the months following the effective date of the new mortgage rules — including the Qualified Mortgage rule — so long as lenders make "good-faith efforts" to be in compliance by Jan. 10.

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