· Next to health care reform, no other recent legislation has caught as much heat as financial regulation. Born of the subprime housing mortgage scandal and financial meltdown three years ago, the Dodd-Frank legislation provokes either glowing praise from consumers and reformists or angry diatribes from industry officials and Republican lawmakers.
Mortgage Bankers Association adds 28 new members 5 things you must read Monday 5 things you need to know Monday | king5.com – 5 things you need to know Monday The date is set to begin removing the Seattle viaduct, former Starbucks Chairman Howard Schultz will run as an independent, and an Edmonds baker is apologizing for.Fannie Mae’s Alt-A Pain May Extend to BofA DU Refi Plus will leverage DU to extend underwriting flexibilities, including expanded eligibility criteria and reduced documentation requirements, on eligible loan casefiles for borrowers who are refinancing an existing Fannie Mae loan and have an acceptable payment history (as determined by DU).The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry. Headquartered in Washington, D.C., MBA represents over 2,200 member companies. mba’s membership base includes all sectors of the real estate finance industry including originators, servicers, underwriters, compliance personnel and information.Wells Fargo settles claims with FHFA Here are the 10 hottest housing markets that fueled a record-breaking August Crowdfunding real estate site raises $31 million Crowdfunding has become a booming business, currently with over 2,000 sites offering means to raise money for thousands of causes. These platforms can be used to support creative projects,Here are the 10 hottest housing markets that fueled a record-breaking august california dominates list. fueled by historically low mortgage rates and inventory shortages that resulted in record.Wells Fargo settled with the Federal Housing Finance Agency for allegedly misleading disclosures on mortgage securities the bank sold to Fannie Mae and Freddie Mac.
House Republicans voted Thursday to deliver on their promise to repeal Dodd-Frank – the massive set of wall street regulations president Barack Obama signed into law after the 2008 financial crisis. In a near party-line vote, the House approved a bill, dubbed the Financial Choice Act, which scales.
LPS: Home prices remain at highest levels since 2007 Despite these relative improvements, real median household incomes for all groups remain well below their 2007 levels. Between 2007 and 2013, median household incomes declined by 9.2 percent (-$3,506) for African Americans, 5.7 percent (-,492) for Latinos, 5.6 percent (-$3,432) for whites and 9.7 percent (-$7,201) for Asians.
Because Dodd-Frank, the big banks like JPMorgan, Morgan Stanley, they. I think it's a big problem that Republicans and Democrats are pushing this bill.. be treated like tiny little community banks for purposes of oversight.. Elizabeth Warren discusses a Republican plan to repeal parts of Dodd-Frank,
CoreLogic: Only half of today’s mortgage originations meet QM requirements Housing industry pins hopes on Obama to soften down-payment rule – “Our intent as the drafters of this provision was, and remains, clear: to incent the origination. this week by mortgage data provider CoreLogic Inc. found that only half of home loans issued in.
The House passed a bill to overhaul the 2010 Dodd-Frank financial legislation on. Nolte: GOP Support for Trump Rises After Tweets Aimed at.
Fannie Mae selling $1.2B in non-performing loans Fannie Mae Announces Winner for Non-Performing Loan Sale. According to the GSE, the loan pools awarded in this most recent transaction include: CIP Pool 1: 667 loans with an aggregate unpaid principal balance of $129,233,129; average loan size of $193,753; weighted average note rate of 4.35 percent; weighted average delinquency of 30 months;
As the White House courts Senate Democrats as it tries to pick up additional support for the Republican tax reform effort, Sen. Ted Cruz (R-Texas) is risking alienating his colleagues across the aisle.
Florida housing market settles into “new normal” The court filings offer a rare glimpse into the inner workings of a high-end real estate deal gone. inducing the home builder to settle, the letter provoked Lennar to accuse Marsch of extortion. It.
GOP Aims To Kill Obamacare Yet Again After Failing 70 Times. Republican officials tell Politico Graham’s bill could potentially reach 50 votes after a series of failed attempts in recent weeks to both repeal and replace, then simply repeal, Obama’s landmark health care initiative.
· Dive Brief: Preoccupation with healthcare and tax-reform proposals might be preempting Republicans’ repeal of any Dodd-Frank provisions. Companies are calculating pay ratios, as the law currently requires, by Oct. 1 or before the year’s end, the Post says, to avoid getting stuck in.
By Simon JohnsonOn January 7, 2015, Day 2 of the new Congress, the House Republicans put their cards.
Republicans control the White House and both houses of Congress for the first time since 2007, and they have capitalized on this moment by circling their wagons and driving legislation that fits their.
The current bill aims to raise this threshold to $250 billion or more. If the bill passes, it will leave fewer than 10 big banks in the United States subject to the full scope of Dodd-Frank oversight.