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Items Tagged with 'Dodd-Frank'

ARTICLES

Bank of America Merrill Lynch concludes Dodd-Frank killed housing

Not coming back to life soon, either
July 25, 2014
“In testimony to Congress on QRM, Mr. Frank noted changing the US residential mortgage market was foremost among the very purpose of the statute,” said analysts Flanagan and Katz. And change that market it did — by sucking the life out of it.
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Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"
July 25, 2014
Now four years old, Dodd-Frank is struggling to measure up to its original design. But according to the Urban Institute, before disregarding Ddd-Frank as a fail, understand that it is complex and difficult law.
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CHLA challenges FHFA IG report on risk from smaller nonbank lenders

Report lacks evidence to support claims, ignores other key factors
July 23, 2014
The Community Home Lenders Association is challenging the Federal Housing Finance Agency IG report issued last week which had raised concerns about risks to the GSEs from increased loan purchases from smaller nonbank mortgage lenders.
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Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact
July 21, 2014
"The kind of terrible mortgage loans…the abuse of mortgage loans that hurt consumers, hurt financial institutions, and hurt the economy…we outlawed them and they haven’t been made since then," former Congressman Barney Frank said in a CNBC interview. "There have been some very real accomplishments."
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Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
July 21, 2014
"As a Davis Polk & Wardwell LLP progress report on the legislation indicates, the deadlines for 280 rulemaking requirements have passed, as of July 18," analysts from SNL Financial write in a new report. “Of those, 127 deadlines were missed. Of the 398 total required rulemakings contained in the bill, 96 have yet to be proposed."
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Robbing...er, Regulating banks is where the money is

CFPB's HR trainee starting salary: $110,759
April 22, 2014
Gentleman bank robber Willie Sutton is famously (and incorrectly) remembered for saying he robbed banks “because that’s where the money is.” Turns out though, the real money is in being a bank regulator.
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Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
April 18, 2014
It’s a quiet Good Friday and with the markets closed and many off, it’s the perfect time to catch up on a little extracurricular reading.
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Fed standards will squeeze smaller AMCs

Heavy regulation is the new normal, one AMC says
April 4, 2014
The appraisal management industry has been waiting for months and now they are here: the federal banking and finance regulatory agencies’ proposal of minimum standards for home appraisers and appraisal management companies.
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From HW Magazine

Staying in the black

Outsourcing can mitigate declining mortgage volumes and increasing regulations
March 31, 2014
There are ways mortgage bankers can maintain reasonable profit margins while facing rapid volume changes, new mortgage rules and increasing investor requirements, writes industry expert David Green.
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Monday Morning Cup of Coffee: Fannie Mae to fine mortgage servicers

Fannie adds late fees and more mortgage news
March 30, 2014
The unintended consequences of banking regulations, federalizing home appraisers, Fannie Mae late fees and more in the Monday Morning Cup of Coffee.
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