Pending mortgage-related regulations threaten to become a "tsunami" of burdens that could unintentionally harm an already fragile mortgage industry, Acting Comptroller of the Currency John Walsh said Thursday.

Walsh said measures in the Dodd-Frank Act and regulatory orders against servicers, among other requirements, address needed improvements in the industry. But he warned that the cumulative effect at a time of continued turmoil in the housing and credit markets should give regulators pause.

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