WASHINGTON -- A key banking regulator attacked the anti.discrimination agreement that the Mortgage Bankers Association and the department of Housing and Urban Development signed formally on Wednesday.

Federal Reserve Board Governor Lawrence Lindsey expressed concern that HUD had protnised mortgage bankers they would not be brought under Community Reinvestment Act standards in exchange for signing the accord.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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