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Government

Sen. Brown Calls for Mulvaney’s Resignation

Sen. Sherrod Brown, one of the Banking Committee’s top Democrats called for the CFPB Acting Director Mick Mulvaney’s resignation after hearing about comments Mulvaney delivered at a recent industry event.

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Mulvaney: “The CFPB Never Existed”

Speaking at a recent industry event, Acting Consumer Financial Protection Bureau Director Mick Mulvaney told an assembled crowd of bankers that numerous changes were in store for the bureau. Among those changes: the bureau will no longer post consumer complaints ...

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Freddie Mac Forecasts Housing Conditions Through 2019

Freddie Mac has released its latest Outlook, breaking down the state of the housing market in April 2018 and examining where things are likely to head over the next few years. The Outlook forecasts continual gradual growth through Q4 2019, ...

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Five Star’s Ed Delgado Criticizes Senate HUD Nomination Hold

On Thursday, it was reported that U.S. Sen. Tammy Duckworth (D-Illinois) has placed a blanket hold on all nominations for vacant positions within the U.S. Department of Housing and Urban Development. Sen. Duckworth made this move after not receiving a ...

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Lawmakers React to Wells Fargo Fine

Wells Fargo will pay CFPB and OCC a billion dollars in fines for overcharging car insurance and mortgage loan consumers. Here’s what lawmakers from both sides are saying.

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A New Tactic to Fight Zombie Homes

This June, Washington state will implement a new law (HB2057) designed to combat abandoned zombie properties and streamline interactions between government and lenders when it comes to preventing urban blight as the properties fall into disrepair. As reported by the ...

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House Bill Would Streamline Volcker Rule

The push to streamline reforms put in place after the financial crisis continues as the House of Representatives has passed a new bill that would streamline the Volcker Rule. Implemented as part of the larger Dodd-Frank Wall Street Reform and ...

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The Week Ahead: Fed’s Beige Book Spotlights Economic Trends

The Federal Reserve will release its latest Beige Book on this coming Wednesday, April 18, at 2 p.m. EST. The Beige Book presents a summary of economic conditions and activity, based on reports from the various Fed district banks. As detailed on ...

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The State of Ginnie Mae MBS Issuance

Ginnie Mae, a wholly-owned government corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country, has announced that issuance of its mortgage-backed securities (MBS) hit a total of ...

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