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  • Trump budget surprise: Gutting the CFPB

    The impact of President Donald Trump’s 2018 federal budget proposal would certainly be felt in the housing industry via the 13% cut to HUD's budget, but that’s hardly the only impactful move that the budget proposal holds. Buried on the second-to-last page of Trump’s budget is a move that is sure to please Trump’s fellow Republicans and many in the housing industry as well – gutting the Consumer Financial Protection Bureau.

Items Tagged with 'NexBank'


Redefining ARM loans

They're not as risky as the market presumes
Once thought of as risky and unsafe, adjustable rate mortgages are not as toxic as borrowers assumed in recent years. In fact, the industry is starting to shift toward ARMs as interest rates rise.
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Lenders adapt to shutdown

Create temporary policies to process loans
With the government still shut down, lenders are creating temporary policies in order to keep the loan process moving along.
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MBA calls for government shutdown to end

Lenders plug away as processing delays surface
Lenders are easing into day four of the government shutdown, but how many more days can they withstand? Loan applications continue to be delayed with HUD, the IRS and the Social Security Administration unable to perform the same functions — or doing so at a slower pace.
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From HW Magazine

Return of the correspondent lender

An uneven road lies ahead -- but at least there's a road to begin with
Gabe Medrano just started as the go-to guy for the correspondent lending division at NexBank, and already he is seeing something he doesn't like. In front of him early on a Thursday morning, on his computer monitor, the Dow Jones Industrial Average...
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