The Federal Open Market Committee will convene next week for the last time this year and are expected to sweep the industry will a change to the federal funds rate, something that has not been done since June 2006.
Read More »CFPB Outlines Potential Changes to Consumer Complaint Database
The Consumer Financial Protection Bureau (CFPB)’s Consumer Complaint Database has generated much controversy since June when it began publishing narratives of complaints from consumers. So much so that CFPB Director Richard Cordray issued a rare public response to the criticisms in late November.
Read More »Comptroller Introduces Proposals to Lower Regulatory Burden for Small Banks
Speaking at the sixth interagency outreach meeting on The Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA) of 1996, Comptroller of the Currency Thomas J. Curry outlined specific legislative proposals that have been introduced to reduce regulatory burden on smaller banks.
Read More »Fannie & Freddie Reform Must Go Through the Financial Stability Oversight Council
Eight of the nine voting members on the Financial Stability Oversight Committee will testify Tuesday before the House Financial Services Committee, and over at The Hill, the argument is made that GSE reform has to run through FSOC. The Hill looks at the gauntlet ahead.
Read More »2016 Housing Forecast: Home Sales and Prices Rise, Refi Volumes Fall
The year 2016 is expected to usher in the creation of 1.25 million new households, higher rental demand, increased home sales, and a rise in home purchase loan originations even as refinancing volume plummets, CoreLogic’s Chief Economist predicted Monday.
Read More »CoreLogic Executive Elected Chair of HLP Board of Directors
CoreLogic's SVP for Government and Public Affairs Faith Schwartz was recently elected to be the new Chair of the Hope LoanPort (HLP) Board of Directors. Schwartz has been a member of CoreLogic's team since 2013, with the mission of building business and relationships with the government, non-profits, think tanks, and universities. She is based in Washington, D.C.
Read More »Guardian Mortgage Adds New SVP of Correspondent Lending
Guardian Mortgage recently added Donna Greiner as SVP of Correspondent Lending in its Plano, Texas office. Greiner's mortgage career inlclude over 25 years' experience in loan origination, affiliated business arrangements, multi-state lending, construction lending, and multi-state REO sales.
Read More »Move, Realtor.com Names New Chief Technology Officer
Move, Inc., operator of Realtor.com recently appointed Suhail Ansari as Chief Technology Officer, where he will be responsible for overseeing the company's technology strategy. At Move, which is a subsidiary of News Corp., Ansari will focus on accelerating innovation to empower people by making all things home simple, efficient, and enjoyable.
Read More »Wells Fargo Welcomes New President & COO
Wells Fargo & Company recently announced that Timothy J. Sloan will now serve as President and COO, reporting to Chairman and CEO John G. Stumpf. Sloan has been with Wells Fargo for 28 years, and since 2014, he has served at the head of Wholesale Banking—a role he will remain in. Prior to this position, he was Wells Fargo's CFO from 2011 to 2014.
Read More »Industry Weighs in on Wall Street Influencing GSE Reform
Now that the news has had a bit of time to marinate, some within the housing industry reacted by taking up alliances with lobbyist, while others went the opposite direction and questioned these higher-ups' motives.
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