Once the Consumer Financial Protection Bureau finalizes several mortgage rules in January, the bureau should be prepared to provide timely guidance on implementation issues, according to three industry groups. 

“While guidance is always appreciated, because of the number of rules pending and the fact that they are moving so quickly, the need for substantial additional guidance after the rules are final will be unparalleled,” according to the American Financial Services Association, Consumer Mortgage Coalition, and Mortgage Bankers Association.

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