National Mortgage News, Oct. 17, 2019–Kate Berry, Neil Haggerty (subscription)The head of the Consumer Financial Protection Bureau on Thursday took more heat from congressional Democrats over her reversing her position …
Category: Top National News
FHFA May Use Consent Decrees to Reduce GSE ‘Election Risk’
HousingWire, Oct. 18, 2019–Kathleen Howley The Trump administration has laid out more than two dozen unilateral actions it wants to take to put Fannie Mae and Freddie Mac firmer ground …
Nearly $42M in CMBS at Risk in GameStop Store Shutdown: Morningstar
National Mortgage News, Oct. 21, 2019–Bonnie Sinnock (subscription)GameStop’s plan to shutter up to 200 stores could adversely affect commercial mortgage-backed securities loans with a combined allocated property balance of almost …
Half the World’s Banks Are Too Weak to Survive a Downturn, McKinsey Says
Bloomberg, Oct. 21, 2019–Hannah LevittMore than half of the world’s banks are too weak to survive a downturn, according to a survey from consultancy McKinsey & Co. A majority of …
Will Supreme Court Decision Threaten CFPB Independence?
HousingWire, Oct. 21, 2019–Kelsey RamirezVarious groups are torn on the Supreme Court’s decisioni to hear the case, with some saying a committee to head the bureau will keep it more …
BankThink–Let’s Get Housing Reform Right This Time
American Banker, Oct. 21, 2019–Robert Broeksmit, CMB, et alMBA President and CEO Robert Broeksmit, CMB and leaders of other major industry trade associations pen letter urging policymakers to take “thoughtful …
Pelosi, Waters Defend CFPB’s Constitutionality in Supreme Court Brief
National Mortgage News, Oct. 8, 2019–Kate Berry (subscription)Pelosi and Waters, both California Democrats, filed an amicus brief this week defending the CFPB’s single-director leadership structure and language in the Dodd-Frank …
Trump to Curb Use of Federal Guidance in Issuing Regulations
Wall Street Journal, Oct. 8, 2019–Andrew Restuccia (subscription)President Trump is planning to sign a pair of executive orders on Wednesday meant to limit the use of a tool that the …
FEMA May Have to Buy Milions of Homes Due to Climate Crisis
National Mortgage News, Oct. 9, 2019As the climate crisis worsens, more Americans will be forced from their homes. Many won’t be able to afford it, and the U.S. isn’t prepared …
Federal Reserve Gives Large Banks a Break on Postcrisis Rules
Wall Street Journal, Oct. 10, 2019–Andrew Ackerman (subscription)The Federal Reserve on Thursday was set to complete rules aimed at easing liquidity and capital rules for large U.S. banks, signing off …