Community lenders baffled to see major trade groups push Wall Street agenda Moody’s: $10.3 Billion in US CDO Downgrades During October (Moody’s Investors Service, 9.Jan.2017) – Moody’s Investors Service assigned a B2 rating to Petrobras Global Finance B.V.’s proposed global notes, which will be unconditionally guaranteed by Petroleo Brasileiro S.A. (B2 stable). The B2 rating on the proposed notes is based on the rating of Petrobras.The Trump Administration Just Gutted Payday-Lending. – The rule, spearheaded by the Obama administration and widely supported by consumer and public-interest groups, allowed exemptions for smaller-scale loans by requiring lenders to follow certain consumer-protection provisions rather than go through the "ability-to-pay" determination.
Previously, he worked for the mortgage document preparation provider, IDS, where he was a project manager, compliance officer, and spokesperson for the implementation of TRID. Currently, Jon manages a team that helps with TRID, ECOA, and HMDA compliance. Jon is working on Castle & Cooke Mortgage’s new HMDA requirements implementation.
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"We’re advocating for hopefully, collecting the new HMDA data to implement in 2017 and then report in 2018," Larson said. "Currently, a lot of the resources are going to the regulatory implementation [of other rules] so inherently that takes away different products and services that those resources can be going to consumers."
Obama signs extension for higher FHA loan limits Popular fha topics include credit requirements, FHA loan limits, mortgage insurance premiums, closing costs and many more. The authors have written thousands of blogs specific to FHA mortgages and the site has substantially increased readership over the years and has become known for its "FHA News and Views".
The thresholds for compliance with HMDA should be increased to 500 for closed-end loans and to 1000 for open-end loans if the CFPB continues to require HELOC reporting. CUNA will continue to urge the CFPB to consider the unnecessary regulatory burdens they are inflicting on credit unions in the mortgage lending space.
Family flees dream home because it used to be a meth house RealScout raises $6 million for superior real estate searches RealBlocks, a platform leveraging the Ethereum blockchain to tokenize equity in real estate, closed a $3.1 million seed round. The round was led by Science, Inc., a fund with stakes in digital businesses-such as Dollar Shave Club, and was joined by Anthony Pompliano’s Morgan Creek Capital and several other venture capital funds.For the law-abiding family you’re about to meet, discovering their home had been a meth lab was a nasty surprise. And there may be thousands of houses like these sold across America.
Hot topics ranged from the future of the Consumer Financial Protection Bureau (CFPB), the role state regulators will play in enforcement, the new hmda implementation rule. the last 5 years made me.
JPMorgan’s Dimon threatens to quit FHA loans An FHA Mortgage is a loan insured by the government. It can be used to purchase or refinance 1- to 4-unit properties up to $314,827 (higher amounts available in specific counties). You can choose a fixed 15-, 20-, 25- or 30-year term.
TEAM TRUMP ON TAXES AND TRADE – In our conversation in Cleveland on Wednesday. an opportunity on Tuesday night to actually talk about the economy on “Make America Work” night: “If Donald Trump.
The Financial Services Policy Implementation team will be working to dismantle. Reuters reports. And the CFPB, The Wall Street Journal says, is rushing to put into place new rules that would make.
CFPB: We’re working to make new hmda implementation easier mba: Jumbo loans drive mortgage credit availability Separately, the Mortgage Bankers Association (MBA) reported a decline last month in its Mortgage Credit Availability. in loan programs with lower credit requirements. The government index is at its.progressinlending.com | Don’t Fear.
Brown said, "Reducing HMDA reporting will make it easier for lenders to discriminate against people of color, and it will reduce access to credit in small towns and rural areas." He also asked the CFPB to reverse its decision to retire HMDA Explorer, which he said has "made it easier for local organizations without sophisticated data.