Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things
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Items Tagged with 'Elizabeth Warren'

ARTICLES

Sen. Warren responds to Jamie Dimon you-don't-get-it swipe

“I fully understand the system…and that’s why they don’t like me.”
Ben Lane
One day after JPMorgan Chase CEO Jamie Dimon took a swipe at Sen. Elizabeth Warren, D-Mass., saying that he doesn’t know if she fully understands the global banking system, Warren responded in kind. You didn’t think she was going to let this one go, did you?
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Jamie Dimon doesn't know if Sen. Warren understands banking

Here comes the next chapter in JPMorgan Chase CEO vs. CFPB architect
Ben Lane
Dimon is at it again. According to a report from CNN Money, JP Morgan CEO Jamie Dimon recently took another jab at Warren, saying the Senator doesn’t fully understand the global banking system.
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Elizabeth Warren flipped houses while denouncing speculators

Made plenty of profits at what she called a myth
Trey Garrison
The National Review is looking into leading progressive Democrat Elizabeth Warren’s background, and what they found is surprising – the leading progressive voice on industry regulation made a killing doing what she condemns – flipping houses.
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Sen. Warren believes Obama’s trade deal could lead to Dodd-Frank repeals

Fights back against Trans-Pacific Partnership and “fast track” authority
Ben Lane
In an uncharacteristic bit of Democratic Party in-fighting, Sen. Elizabeth Warren is loudly fighting back against a massive trade deal being pushed by President Obama because she is worried that one of the trade deal’s provisions could lead to future attacks against the Dodd-Frank Act.
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JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange
Ben Lane
It’s probably safe to say that of all the elected officials that walk the halls on Capitol Hill, Sen. Elizabeth Warren isn’t Wall Street’s favorite, but a newly released excerpt from Warren’s book “A Fighting Chance,” shows just how tense her interactions with Wall Street’s bigwigs can be.
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Sen. Warren is right: Blacks and Hispanics were targeted by subprime policy

But the villain isn’t who you think
Trey Garrison
Elizabeth Warren says minorities were targeted by subprime. And the funny thing is, she's kinda right.
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Monday Morning Cup of Coffee: Mortgage giants warm to principal reduction?

Also 2015 housing finance forecasts galore and key mortgage industry metrics
Trey Garrison
Is principal reduction about to become more common? Who hit the bulls-eye in forecasting 2014, and who just offered bull? And of those hawkeye prognosticators, what do they have to say about 2015? Get it here and get it early.
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Elizabeth Warren chosen for Senate Democratic leadership

Will serve as adviser to Democratic Policy and Communications Committee
Ben Lane
Senator Elizabeth Warren, D-Mass., who has long been at the forefront of Washington’s fight for financial reform, will now serve in an even more prominent position in the Senate.
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Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
Ben Lane
Sen. Elizabeth Warren, along with Congressman Elijah Cummings, sent a letter this week to the U.S. Government Accountability Office, requesting an investigation into the risks posed to consumers by the “unprecedented” growth in nonbank mortgage servicing.
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Lawmakers demand more controls on Fed bailout power

Warren, Vitter, Brown, & others lead charge to change "too big to fail" plans
Ben Lane
In the letter, the lawmakers write that the Fed’s proposed rule under Section 1101 "places no meaningful restrictions on its emergency lending powers, and in a time of crisis, invites the same sort of backdoor bailout we witnessed five years ago."
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