Housing Secretary Andrew Cuomo is committed to introducing long-awaited mortgage lending guidelines by the beginning of 1998, he told American Banker Monday.

"Mortgage bankers want regulation because it means clarification-and the Department of Housing has a history of floundering on the issue," Mr. Cuomo said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.