Steven Antonakes, who resigned last month from his position as the deputy director of the Consumer Financial Protection Bureau, has found his next role, and it’s one in which he should be able to utilize his experience and expertise — chief compliance officer.
"Our goal, however, is not some one-sided aim to maximize consumer protection or industry deterrence at all costs. There is such a thing as doing too little, and there is such a thing as doing too much," Steven Antonakes, deputy director of the Consumer Financial Protection Bureau.
2014 brought on a wave of new regulation from the Consumer Financial Protection Bureau, but lenders are not empty handed. The CFPB continues to pump out online tools to help everyone understand everything.
This time around, Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, significantly watered down his message at Nevada’s Common Ground Conference, especially when compared to his alarming speech at the Mortgage Bankers Association’s National Mortgage Servicing Conference.
The good cop officially left the room when Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, stepped up to the podium: "Business as usual has ended in mortgage servicing," he said.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More