Raj Date was a key architect of the Consumer Financial Protection Bureau's new rules for U.S. mortgage underwriting. Formerly the regulator's deputy director, he now is putting together a firm that will offer loans to borrowers who have been shut out by the CFPB standards. Washington-based Fenway Summer LLC plans to provide loans, including interest-only financing, to credit applicants who are considered low risk even though they might carry debt that exceeds the agency’s threshold. Fenway joins a growing group of companies offering financing to consumers with irregular incomes, flawed credit or past foreclosures as the housing market recovers and rising interest rates drive down demand for refinancing. The firm initially will cater to self-employed individuals, retirees with insufficient income to qualify for traditional home loans, and other borrowers with enough net worth to cover the costs of their home. "The reality," according to Date, "is it's way too hard for good people to get loans today. It doesn't need to be that way and it's not going to be that way."