Items Tagged with 'regulatory burden'

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Get ready: Congress fires up Dodd-Frank, CFPB overhaul

Committee hearing date set for Financial CHOICE Act 2.0
The Dodd-Frank doomsday clock just ticked a little closer to midnight. The Republican-crafted plan to overhaul the country’s financial regulatory system and overturn many provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is now one step closer to becoming a reality, as the House of Representatives is set to consider the Financial CHOICE Act.
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Monday Morning Cup of Coffee: Industry trade groups tell Senate how to fix financial regulations

MBA, CUNA weigh in on regulatory reforms
The main front for the Republican Party’s push for regulatory reform is in the House of Representatives, where an effort is underway to replace the Dodd-Frank Wall Street Reform Act with the Financial CHOICE Act. But the House isn’t the only place where regulatory reform is on the table. Here's a look at what some of the mortgage industry's biggest trade groups want the Senate to do about regulatory reform. All that, and more, in your Monday Morning Cup of Coffee.
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Dimon: FHA, servicing rules changes could add $300B in mortgages per year

JPMorgan Chase CEO paints rosier picture of mortgage business in 2017
Last year, JPMorgan Chase CEO Jamie Dimon painted a particularly unflattering view of the mortgage business in his yearly letter to shareholders. But this year, Dimon’s tone toward the mortgage business is much different. In the 2017 version of his letter to shareholders, Dimon suggested that with some (significant) changes, the mortgage business could grow considerably in 2017 and beyond.
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Your handy guide to all of Trump's promised deregulation

Fitch Ratings report highlights potential impact
One of the many promises that Donald Trump made as a candidate was a massive deregulation effort. Now that he is president, Trump is indeed following through and leading a massive deregulation effort. And while there are many moving parts still to be sorted out, it’s clear that deregulation in some form is likely, if not a sure thing. But what will the impact of that deregulation be?
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Trump unveils plan to dismantle Dodd-Frank Act

"Bureaucratic red tape and Washington mandates are not the answer"
Now that the dust is starting to settle from the election, a clearer picture is beginning to emerge of what types of actions President-elect Donald Trump will pursue once the “-elect” is removed from his title. Chief among those planned actions appears to a plan to “dismantle” the Dodd-Frank Wall Street Reform Act.
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Here's clear evidence of how much more complicated mortgage lending is now

An inside look at one lender's operations
At any gathering of housing industry professionals, it isn’t long before the conversation inevitably turns to the current regulatory environment. That was definitely the case at Wednesday’s housing summit hosted by the Urban Institute and CoreLogic. Debra Still, the president and CEO of Pulte Mortgage, surprised some in the crowd by presenting concrete evidence of how much more complicated mortgage lending is now than it was 10 years ago.
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Collingwood Group Chairman calls out 'regulatory Jihad' on mortgage lenders

Tim Rood says regulations actually seriously harming borrowers
There is little doubt that there are more regulations foisted upon the mortgage industry in the wake of the housing crisis. Count Tim Rood, the chairman of The Collingwood Group, among those who think the regulatory environment is smothering mortgage lenders, going so far as to use a shocking term to describe the current lending environment.
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W.J. Bradley Mortgage Capital permanently closes down

Employees told new work will go unpaid
In a memo obtained by Rob Chrisman, employees were told, "unless otherwise informed, any work time invested on March 14, 2016 or beyond will be unpaid." However, less than two years ago, W.J. Bradley's mortgage ops were bullish. So what happened?
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American Mortgage Consultants buys JCIII & Associates

AMC to become "largest transactional due diligence firm"
The combined firm will operate under the name AMC and is "now the largest transactional due diligence firm in the residential mortgage space," according to a statement released on the matter. And, here's what the CEO of AMC told HousingWire about the deal.
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