Democrats have repeatedly vowed to fight any attempts by Republicans to roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Now, one of them is taking it one step further.
Read More »Credit Unions Share Regulatory Anxiety with Federal Reserve Leaders
The National Association of Federal Credit Unions, which represents federal credit unions, shared some of the pain points credit unions continue to deal with, while noting that consumer demand at credit unions is up year-over-year.
Read More »Lending.com Hires New General Counsel
Lending.com, a lending-as-a-service platform recently appointed Liz Verrier as General Counsel. According to the company, in her new role as Lending.com's Chief Legal Officer, she will provide legal guidance to their board of directors and upper-level management.
Read More »Did Advocates to Eliminate GSEs Engage in a Conflict of Interest?
At the forefront of that charge is a group of high-level industry professionals that has moved back and forth between the public and private sectors since the housing crisis in 2008. Is a conflict of interest brewing?
Read More »Where High Net Worth Individuals Live–And Why You Can’t Live There Too?
If affordable housing is your goal, there is a strange corollary between what cities are considered costly and which real estate markets house the nation’s wealthy.
Read More »Housing Affordability Drives Purchase Sentiment Down in November
As the cost of housing continues to rapidly rise, consumers can hardly keep up, especially as their income remains stagnant. However, despite the lowering consumer financial sentiment, economic conditions lift the housing market upward.
Read More »High-LTV Lending Dominates FHA & VA Programs
According to Black Knight Financial Services, Inc., latest Mortgage Monitor Report, high LTV purchase originations rose 20 percent in the third quarter of 2015, compared to the 13 percent increase in the purchase market overall.
Read More »Xome CEO Kal Raman Resigns
Kal Raman has resigned his position as President and CEO of Xome Holdings, LLC, and its subsidiaries, according to an 8K filing by Xome's parent company, Nationstar Mortgage Holdings, with the Securities and Exchange Commission (SEC). Xome and its subsidiaries are wholly-owned subsidiaries of Lewisville, Texas-based Nationstar Mortgage Holdings. Raman originally joined Nationstar Mortgage as the CEO of another one of its subsidiaries, Solutionstar, in November 2014.
Read More »Lawmakers Urge TRID Grace Period Before New Year
The Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosures rule have been in effect since October 3, 2015, and despite the expected stumbles here and there, the rule has not caused any major catastrophes in the mortgage industry—just yet.
Read More »2016 Housing Market: The Good, the Bad, and the Ugly
The mortgage industry is practically holding their breath as 2015 comes to a close and 2016 is just a few weeks away, and with it may come a number of welcome and unwelcome surprises, causing pessimism and uncertainty to invade the market.
Read More »