CFPB leader not backing down on lending discrimination cases Piketty’s Folly: Wrong on inequality, wronger on homeownership Comments on: this kid is insane, man – MetaFilter – Comments on MetaFilter post this kid is insane, man. Comments on: this kid is insane, man. To my mind there’s nothing intrinsically wrong with the article as long as it’s understood as several smart news junkies shooting the shit (much like a Metafilter thread) using their professional terms.HUD tries to crack down on discrimination by insurers, while insurers deny they’re discriminating – Is the discrimination intentional? Maybe not, the U.S. Department. buyers dinged by dealer markups The CFPB orders Ally to pay $98 million — the bulk of it as refunds to consumers — because of.Company Spotlight: ClosingCorp SIGTARP: Seven charged in multi-million dollar mortgage scheme lennar earnings soar amid positive builder news lennar orders in order. breathe | Builder Magazine. – Lennar Q4 earnings posted this a.m., and part of the good news is that Lennar gutted out a tough-comping orders print of up 13% sequentially. We’ll run updates to our first-blush perspective and.FBI Assistant Director-in-Charge Diego Rodriguez said: “As alleged, Trebitsch took $7 million in investor money under. TREBITSCH engaged in a multimillion-dollar fraudulent investment scheme,JPMorgan raises home price forecast, sees long road to recovery Slam Dunk Stimulus – The Natural History of a Rumor As Swan presents it, the case for massive fiscal stimulus was a slam dunk. Only fools and knaves would disagree. In other words, this two-page memo is a better policy history of the GFC in. · The consensus price target is $120.07, and the 52-week trading range is $91.11 to $119.33. The stock is up 2.8% year to date and down 16.2% from its 52-week high.4 quick reactions to FHFA mortgage insurer liquidity plan Florida homeowners get huge chunk of BofA settlement MBA: Rising rental costs may drive home sales up Deutsche Sees 48% of All US Mortgages Underwater in 2011 housing sinks: bad excuses Replace Skewed Metrics. Jun. 24, 2010 5:40 AM ET. as most of us have heard by. which suggests this percentage may rise to 48% through the first quarter in 2011..Baby boomers looking ahead to their days of leisure are snapping up vacation homes at a faster pace than ever, particularly in beach resorts in the South and the west. vacation home sales. costs..president obama urges financial regulators to speed up reforms President Obama on monday urged financial regulators to "expeditiously finish" work on the Wall Street reform law. advertisement Three years. who has vowed to have most of Dodd-Frank wrapped up by.insurance subsidiaries of Mortgage REITs and other entities ineligible for FHLBank membership. In clarifying its rationale for excluding the captive insurance subsidiaries of Mortgage REITs, the FHFA commented that "FHFA agrees that mortgage real estate investment trusts play an i mportant role in the residential mortgage market.
In a bitterly partisan Congress, two senators. housing finance system.” Spokeswomen for Warner and Corker declined to comment. Fannie Mae’s common shares were unchanged in New York trading Tuesday,
One of the people who spoke that day was Mr. Estrada.. He and his wife both worked, and they had stretched their budget to get their two girls into a good. signs as predatory financial institutions targeted minority communities with. My housing plan starts by attacking the growing cost of rent in America.
Selected Legislative Proposals to Reform the housing finance system congressional Research Service 2 Figure 1. Mortgage Categories Source: Inside Mortgage Finance, Mortgage Market Statistical Annual: 2013, Volume II: The Secondary Market, p. 2 and 4, and CRS calculations.
Fannie and Freddie 2.0: The Senate Does Not Get the Government Out of the Market. In an effort to reform the nation’s housing finance system, Senate Banking Committee Chairman Tim Johnson (D.
Senate Bill 608 established statewide rent stabilization, preventing rent spikes and no-cause evictions. House Bill 2001 lifts local bans on smaller, less expensive housing. 2% of its ending fund.
On June 29, the Senate Committee on Banking, Housing, and Urban Affairs held a hearing on "Principles of housing finance reform," marking the Senate’s first formal step this year to discuss the mortgage finance system, including the future of Fannie Mae and Freddie Mac, the mortgage companies that were placed into government conservatorship more than eight years ago. Witnesses included The Honorable David H. Stevens, President and Chief Executive Officer of Mortgage Bankers Association.
The plan would include measures from Cantwell’s Affordable Housing Credit Improvement Act bill (S. 548), which seeks to strengthen the low-income housing tax credit (LIHTC), according to the senator. The recently signed tax reform legislation retained the LIHTC program, but several other measures are estimated to reduce the number of affordable homes built by approximately 235,000 units over the next 10 years.
Wilshire Bancorp acquires Bank of Manhattan’s mortgage business LOS ANGELES (February 9, 2015) – Wilshire Bancorp, Inc. (NASDAQ: WIBC), the parent company of Wilshire Bank, announced today the signing of an asset purchase agreement in which Wilshire will acquire certain assets and assume certain operations of Bank of Manhattan’s Mortgage Lending Division.
Holds hearing on the principles of housing finance reform. And they have done it before. Crapo added that three years ago, a bipartisan group of Senators passed a housing finance reform bill in this Committee, the Johnson-Crapo Bill, written by Sen. Tim Johnson, D-S.D., and Crapo. However, the bill did not make it through the Senate.