In testimony to Congress last week, the Mortgage Bankers Association of America urged lawmakers to reform the Truth-in-Lending and Real Estate Settlement Procedures acts. Among the recommendations: impose a nine-month moratorium on mortgage disclosure lawsuits.

Excerpts from the testimony by MBA president Ron J. McCord follow.

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.