CFPB Director Richard Cordray acknowledged that the Bureau's TRID rule has been a source of consternation for the mortgage industry—and he suggested that some changes may be on the way.
Read More »Fed Freezes on Rate Hike
Even though the housing sector has shown further improvement, the Federal Open Market Committee dodged another rate increase this month like many in the industry predicted.
Read More »OCC to Banks: Don’t Let Technology Come Between Us
The Office of the Comptroller of the Currency has had a clear message as of late: Technology is not always helpful.
Read More »Lawmaker Pushes for Next Step in CFPB Reform
Now that his bill proposing a measure of CFPB reform has passed the House Financial Services Committee, Rep. Andy Barr (R-Kentucky) wants to take it further.
Read More »Not Worth the Risk: Regulators to Cut Incentive-Based Pay
Financial industry regulators are seeking comment on a proposed rule that would implement Section 956 of the Dodd-Frank Act and change compensation structures and align banks’ incentives. How will this affect the financial industry?
Read More »Clinton Blames Foreclosure Crisis on Republicans
The Democratic presidential hopeful had some harsh words for the opposing party and the role she believes they played in facilitating the crisis and subsequent Great Recession.
Read More »The Week Ahead: What to Expect from The Fed
The third meeting of the year for the Federal Open Market Committee (FOMC) will take place Tuesday and Wednesday, April 26 and 27. What is the consensus around the policy decision that will come out of the meeting?
Read More »Is Securitization All It’s Cracked Up To Be?
Mark Calabria of the Cato Institute lays out his plan for repairing the broken mortgage finance system in an essay published by the Urban Institute.
Read More »Trump Hints at Fed Chair Yellen’s Future
Although he approves of the current low-interest rate environment, Donald Trump does not approve of the woman in charge of rates. If Trump wins the presidential election in November, Federal Reserve Chair Janet Yellen could be out of a job.
Read More »Credit Unions’ RMBS Recoveries Reach Milestone
NCUA Chairman Debbie Matz said that credit unions “are benefiting from an aggressive litigation strategy NCUA continues to follow in order to hold responsible parties accountable.”
Read More »