Government

With the Director of the Consumer Financial Protection Bureau, Richard Cordray’s, term coming to an end next year, there has been a lot of discussion on whether or not the Ohio native will make a run for the governorship, despite remaining silent on the matter.

The 115th Congress reconvened on Tuesday after the summer recess, and will have to hit the ground running if they are going to accomplish the items on the agenda in time for September's close.

Next Thursday, September 7, the Senate Banking Committee on Banking, Housing, and Urban Affairs will convene to hold an executive session to vote on the nominations of Joseph Otting to be Comptroller of the Currency, and the Honorable Randal Quarles to be member of the Board of Governors of the Federal Reserve and Vice Chairman for the supervision of the board of governors.

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, recently announced Jefferson L. Sherman of Ohio as its 2018 VP.

After 10 years of service, the Appraisal Institute recently accepted the resignation of CEO Frederick H. Grubbe, MBA, CAE, through their Board of Directors.

Financial loss from Hurrican Harvey is high, especially to homeowners. As those hit hardest attempt to rebuild, they'll need assistance from everyone they can get.

Department of Housing and Urban Development Secretary Dr. Ben Carson took part in an interview to discuss HUD’s response to Hurricane Harvey, the looming vacancies in his staff, and recent criticism of his department.

The Legal League 100 held an industry webinar Thursday afternoon to discuss changes in CFPB’s servicing rules. Three expert panelists joined the discussion to help ensure understanding and compliance.

Senator Jeb Hensarling is facing off against CFPB Director Richard Cordray, demanding the director commit to his future plans.

Freddie Mac has announced plans to sell off a pool of $983 million in seasoned re-forming and moderately delinquent loans. This marks the second sale of its kind this year—and the biggest Freddie’s offered up to date.