In Donald Trump’s recent speech at the Detroit Economic Club, Trump called for a temporary moratorium on new financial regulations. According to Collingwood Group, this could mean a boom to the housing and mortgage markets.
Read More »Rising Compliance Costs Are Problematic for Home Builders
Home builders have hit a roadblock. The ramped up regulatory environment has made it difficult for home builders to build affordable homes.
Read More »With TRID Looming, Compliance in Housing is More Critical Than Ever
With the CFPB prepping to unleash the highly-anticipated TILA-RESPA Integrated Disclosure rule in two weeks on October 3, the industry is about to be hit with more changes that must be met with compliance.
Read More »Report: Mortgage Regulations Have Had Positive Impact on RMBS Sector
While the onslaught of new mortgage regulations in the last year has created headaches for lenders, it's had a clear positive impact in one area, Fitch Ratings says in a new report: the residential mortgage-backed securities (RMBS) sector. In its latest look at the RMBS segment, the company says that while the market still has some rebuilding left to do, it "has seen some rather substantial improvements of late," owing in large part to improved loan underwriting standards in recent years.
Read More »CFPB Has Caused Businesses to Heavily Emphasize Compliance
With the mortgage industry becoming more heavily regulated in the last four to five years, those who work within the industry have had to place an increased emphasis on compliance. But compliance does not come without a steep price – it takes a great deal of time, effort, and money.
Read More »OCC Chief Counsel Testifies on Small Bank Issues
During her testimony before the U.S. House of Representatives Financial Services Committee on Tuesday, the Office of the Comptroller of the Currency's (OCC) Chief Counsel Amy Friend addressed issues regarding the regulatory burden faced by small banks.
Read More »Regulations Pose “Continued Operational Problems”
Speaking at the fifth annual Five Star Government Forum on Tuesday, Christopher Whalen presented on the topic, "Government's Role in Restoring a Healthy Mortgage Market." Whalen's presentation focused on the effects of government regulations on the housing industry.
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