HousingWire, Jan. 9, 2017–Swanson, Brena
The controversial position Consumer Financial Protection Bureau Director Richard Cordray sits in is only intensifying as government officials push to have him fired and policy groups urge consumers to defend him.
HousingWire, Jan. 9, 2017–Lane, Ben
In addition to unveiling new legislation that would grant the New York Department of Financial Services the authority to ban individuals from working in the financial services industry, New York Gov. Andrew Cuomo also announced on Monday a series of new laws that would add financial protections for the state’s senior citizens.
Commercial Real Estate Direct, Jan 9, 2017–Fink, Tom
The commercial mortgage-backed securities market appeared to recover in 2015 and 2016, but new-issue bond spreads, which determine prices, continued to fluctuate.
Mortgage Daily, Jan. 9, 2017
Government funds used to pay for the Home Affordable Modification Program have reached nearly $23 billion as the program neared its sunset.
National Mortgage News, Dec. 22, 2016-Berry, Kate
Opposition is lining up against the Consumer Financial Protection Bureau’s arbitration plan. A Republican-controlled Congress is expected to overturn a final rule even as industry groups file lawsuits to stop it from going into effect.
National Mortgage News, Dec. 28, 2016–Stevens, David
MBA President and CEO says the real risk is the uncertainty of continued, long-term conservatorship. Congressional reform before recapitalization is the proper path forward.
Politico, Dec. 31, 2016–Woellert, Lorraine
Comments from incoming administration officials spark a scramble to save the mortgage interest deduction.
American Banker, Dec. 30, 2016–McKendry, Ian
The new year is shaping up to be the one in which sizable changes to the Dodd-Frank Act are finally enacted, thanks to Republican victories in the White House, Senate and House.
Washington Post, Jan. 1, 2016–Merle, Renae
Nearly 1.6 million borrowers have seen their mortgage payments lowered through the Home Affordable Modification Program so far, but about a third of those people eventually fell behind on their payments again.
National Mortgage News, Dec. 22, 2016-Finkelstein, Brad
Foreclosure starts increased nearly 7% in November from the previous month, but when compared to the previous year, they were down by over 9%, according to Black Knight Financial Services.
