FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google
Investments / The Ticker

Financial system is still built on stilts, Forbes writer claims

/ Print / Reprints /
| Share More
/ Text Size+

If you thought celebrating the birthday of Dodd-Frank this past summer was a worthy cause, think again, says John Wasik, a contributing writer for Forbes.

Nearly six years after the crisis, he says the banking system is still not fixed:

Megabanks have gotten bigger and are an even larger threat to the global money system. They should’ve been broken up, but all they seem to do is get into more trouble.

Investors still have no meaningful protection from brokers because there is no requirement for fiduciary duty, the gold standard for investor protection that was advanced by the Dodd-Frank financial reform law.

Source: Forbes
Read full story
Comments powered by Disqus