The Lede
Top National News
The Year Ahead: Consumer Agency Gets New Chief at Crucial Point
HousingWire, Dec. 11, 2018--Kelsey RamirezIn fact, since the elections, experts have speculated what changes would come to the finance industry with Waters as chair. Mortgage Bankers Association Chief Lobbyist Bill Killmer told HousingWire there will be an emphasis on issues ranging from consumer protection, affordable housing and more.
Full Story
‘I Am Very Excited to Be Here:’ Kraninger Signals New Tone Atop CFPB
National Mortgage News, Dec. 11, 2018--Neil Haggerty (subscription)Kathy Kraninger's first public remarks Tuesday as the new head of the Consumer Financial Protection Bureau struck a more moderate tone than that of her predecessor, acting Director Mick Mulvaney, who at times questioned the role of the agency he was chosen to lead.
Full Story
U.S. Homebuilders Are Resorting to Price Cuts to Lure Buyers
Bloomberg, Dec. 11, 2018--Prashant GopalDesperate to boost sales, U.S. homebuilders are turning to the last resort: cutting prices. Forty-one percent of builders reduced prices from late July through early October, up from 26 percent a year earlier.
Full Story
Mulvaney’s Last Move at CFPB Aims to Help Fintechs
American Banker, Dec. 11, 2018--Kate Berry (subscription)In Mick Mulvaney's last significant move as acting director of the Consumer Financial Protection Bureau, the agency drafted a sweeping proposal removing the threat of legal liability for fintech companies that test products benefiting consumers.
Full Story
CFPB Moves to Further Ease Enforcement on Financial Services Industry
HousingWire, Dec. 11, 2018--Ben LaneIn a proposal set to be introduced into the Federal Register soon, the Consumer Financial Protection Bureau is proposing new rules surrounding "no-action letters," a bureau enforcement measure introduced under former CFPB Director Richard Cordray that's designed to aid innovation in the financial markets.
Full Story
Home Prices Continue Climb, But at Truncated Pace
National Mortgage News, Dec. 11, 2018--Paul Centopani (subscription)While home values rose over 5% in November, air is getting let out of the home price balloon, as the growth rate remains low compared to the past few years, according to Quicken Loans.
Full Story
Residential Finance News
Commercial/Multifamily News
MBA News
MBA National Mortgage Servicing Conference & Expo in Orlando Feb. 25-28
The Mortgage Bankers Association's National Mortgage Servicing Conference & Expo 2019 (Servicing19) returns to Orlando Feb. 25-28.
Full Story
MBA National Mortgage Servicing Conference & Expo in Orlando Feb. 25-28
The Mortgage Bankers Association's National Mortgage Servicing Conference & Expo 2019 (Servicing19) returns to Orlando Feb. 25-28.
Full Story
MBA National Mortgage Servicing Conference & Expo in Orlando Feb. 25-28
The Mortgage Bankers Association's National Mortgage Servicing Conference & Expo 2019 (Servicing19) returns to Orlando Feb. 25-28.
Full Story