Now, the budget is moving on to the presidential office where President Obama is expected to sign it, based on prior indications of support. The signature of the president will ensure another government shutdown is averted.
Despite the ability of the U.S. to service its debts, recent events have changed the opinion of ratings firm DBRS. The company is now questioning the willingness of the country to meet its debt payments in a timely manner.
With the first major debt ceiling deadline right around the corner, central banks are testing their contingency plans to ensure they can keep the financial markets working if lawmakers fail to come to an agreement.
A prolonged economic slowdown in the U.S. would endanger the eurozone recovery — growth is already expected to be below 1%. But there are some bright spots. There is a feeling that a resolution to the shutdown is progressing.
Wow! That was our reaction to the response we received for this year’s HW TECH100 call for nominations. This year, more than 250 companies submitted a nomination, and we’re grateful for the interest in our efforts with this unique program..
In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry. Read More
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB. Read More