Monday Morning Cup of Coffee: Time to cut the MLS cord?

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
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Items Tagged with 'House Financial Services Committees'

ARTICLES

Dodd-Frank reform, TILA-RESPA dominate House hearings

Committees dig into details of regulatory oversight
Trey Garrison
At least three hearings on Capitol Hill this week should grab the attention of the housing industry, spanning the gamut from Dodd-Frank to TILA-RESPA and more. Here's where the action will be.
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Overwhelming majority in House vote to expose CFPB activity

Measure would have Congress watch the watchmen
Trey Garrison
The bureau that turns its spotlight on the American economy may be getting the spotlight turned on it, as Democrats and Republicans came together Tuesday to open the CFPB to much greater scrutiny. Have a look behind the curtain.
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Mortgage lending and finance industry get boost in housing regulatory reform bills

House passes slate of bipartisan bills to ease burden, encourage homebuying
Trey Garrison
The home lending and mortgage finance industry saw big gains this week on Capitol Hill, as a number of bipartisan bills from the House Financial Services Committee were passed during “Financial Independence Week.” Here's the rundown on the goods.
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Huge Mortgage Choice Act critic was supporter in August

Maxine Waters stands against bill she urged Senate to pass in 2014 letter
Trey Garrison
The ranking Democrat on the House Financial Services Committee took to the House floor to strongly oppose a measure the mortgage industry says is critical. But the thing is, just nine months ago, she just as strongly wanted it passed. Read on.
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House marking up key mortgage, regulatory reform bills

These could have serious impact on housing finance, mortgage lending
Trey Garrison
Mired though they be in the bog of committee procedure and moored though they are to the whim of every committee member, key bills that could drastically improve mortgage lending and finance struggle to leave port.
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Mortgage lenders want regulatory relief

QM, Dodd-Frank choking mortgage lending
Trey Garrison
Lenders say regulatory relief is needed, or else mortgage lending will continue to falter. Do you agree, or are they asking for another risky environment?
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NAFCU throws its support behind community lending regulatory relief bill

Bill would make NCUA study impact of risk-based capital proposal
Trey Garrison
Credit unions and smaller lenders need relief from proposed new regulations and rules on credit unions’ mortgage servicing assets, NAFCU says. Here's why.
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House Committee grills Cordray on QM, mortgage regulations

Republicans still want more accountability, Democrats push back
Trey Garrison
CFPB Director Richard Cordray made his semi-annual appearance before Congress, and it was everything you think it would be. Here's the story.
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CFPB Director Cordray talks HMDA exemptions and more

Here’s his prepared opening statement
Trey Garrison
Consumer Financial Protection Bureau Director Richard Cordray goes into the coliseum today at 2:30 p.m. ET but here’s a preview of his opening remarks.
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FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed
Trey Garrison
Is the housing policy being charted by the Obama Administration one that will expand housing opportunities or steer us into dangerous waters? Rep. Waters applauds the latest Fannie, Freddie initiatives. While Rep. Hensarling indicates it is "dumb regulation."
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