The New York Times rambles, and mangles mortgages along the way

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits

WATCH: Trulia stages haunted house for unsuspecting homebuyers

'Tis the season. For screaming.

10 reasons why people don’t get a mortgage

It’s not just because of finances
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Items Tagged with 'House Financial Services Committees'

ARTICLES

Waters proposes sweeping credit reporting reforms

Legislation could open credit box for millions of homebuyers
Trey Garrison
The ranking Democrat on the House Financial Services Committee wants to fundamentally change the rules on how lenders report consumer payments and debts to the credit bureaus, which could create a path to homeownership for millions of Americans currently shut out by mortgage lending restrictions, if successful.
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The claim: Discrimination, intimidation culture runs through CFPB

Two more witnesses testify about CFPB ‘Plantation’
Trey Garrison
Two more employees at the Consumer Financial Protection Bureau came forward Wednesday to tell of their experiences with alleged financial mismanagement, operational incompetence, discrimination and retaliation in what was the third in a series of hearings on discrimination at the CFPB.
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Sparks fly as House GOP grills Cordray on CFPB

Compares National Mortgage Database to NSA spying
Trey Garrison
They pulled off the kid gloves and the boxing gloves at the House Financial Services Committee, going full-on brass knuckles on the Consumer Financial Protection Bureau and its director, who was there to give his semi-annual report to Congress. Republicans targeted the CFPB, and the Democrats targeted Republicans.
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House subpoenas two more in CFPB discrimination investigation

Whistleblowers fear retaliation for voluntary testimony
Trey Garrison
A House Financial Services committee is subpoenaing two more whistleblowers who allege they were witness to or victims of discrimination and retaliation at the CFPB. The two whistleblowers requested to be subpoenaed to protect themselves from the bureau.
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4 housing bills that could make mortgage lending much easier

Regulatory streamlining, QM, exemptions for small lenders go to floor
Trey Garrison
The House Financial Services Committee passed three bills Thursday as part of a continued markup from May 7, along with another bill passed on May 7 by voice vote that are being welcomed by the finance industry.
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CFPB execs, union rep subpoenaed by House Committee

Probe into discrimination, retaliation at CFPB heats up
Trey Garrison
The House Financial Services Committee has subpoenaed two CFPB officials and a union representative to appear before the Subcommittee on Oversight and Investigations on May 21. The subcommittee is conducting an ongoing investigation into allegations of discrimination and retaliation at the Consumer Financial Protection Bureau.
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GOP wants CFPB merged with other regulators

Democrats think cost-benefit analysis is 'dangerous'
Trey Garrison
The House Financial Services Committee hearing on the economic consequences of regulatory rulemaking and enforcement got heated because Democrats don't want cost-benefit analysis and Republicans want to merge regulators and bring them under Congressional oversight.
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Sound and fury at CFPB racial discrimination hearing

CFPB execs skip hearing on abuse at agency
Trey Garrison
There was a certain level of disingenuousness that went beyond the usual political posturing at the House Oversight & Investigation Subcommittee investigating discrimination and retaliation at the Consumer Financial Protection Bureau Wednesday morning.
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VIDEO: Yellen uses less than 60 seconds to outline GSE reform

Fed chair takes a minute to win it
Jacob Gaffney
In other good news, Interactive Data announced in an email to clients that Yellen's speech was also well-received by capital markets.
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CFPB Director Richard Cordray just told off the House Financial Services Committee

Yes, he has friends in manufactured housing
Kerri Ann Panchuk
Consumer Financial Protection Bureau Director Richard Cordray appeared before the House Financial Services Committee this morning for his Semi-Annual report before Congress. Those of you who remember controversial CFPB hearings from the past are in for a real treat.
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