This is why Fannie and Freddie mortgage initiatives won't work

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
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Items Tagged with 'Elizabeth Warren'

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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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Here's where the student debt crisis stands

Pay for college vs. save for a home
Brena Swanson
The student debt crisis is a hot topic right now in Washington D.C. Following President Barack Obama's executive order Monday, Senator Elizabeth Warren’s, D-Mass., student debt legislation could also see more movement in coming days.
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CFPB warns student DTI ratio blocks housing recovery

Sen. Warren bill refinances half of fed loans
Brena Swanson
Once again, reports are streaming in about how student debt is ruining the housing recovery. But this time, the Consumer Financial Protection Bureau weighed in on one of the biggest factors blocking household formation.
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Compass Point: What’s next for Johnson-Crapo now?

Plus: Expectations for Mel Watt’s first FHFA speech
Trey Garrison
Now that key Democrat senators have withdrawn their support for Johnson-Crapo, what’s next for the Senate GSE reform measure?
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Warren: Big banks built on "tricking people"

Wanted to lead CFPB
Ben Lane
“This is our moment in history,” Sen. Warren said. “This country will either work great for people who have money and power and can hire all the lobbyists they want in Washington and not work so great for everyone else. Or this will be the country that we used to be with a strong middle class.”
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Sen. Warren publishes "A Fighting Chance"

Will this leave her sitting pretty, or judged as sitting bull?
Trey Garrison
The U.S. senator who helped birth the Consumer Financial Protection Bureau, who raised $43 million to run for senate while decrying money in elections, who allegedly practiced law without a license in Boston, and who many on the right nicknamed “Faux-cahontas” has written a book.
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From HW Magazine

The final rule

HW sits down with CFPB director Richard Cordray to discuss mortgages and the future
Brena Swanson
In an exclusive interview with HousingWire, CFPB director Richard Cordray said that there are enormous differences between heading up the CFPB and acting the the Ohio Attorney General. See what's in store for mortgage markets in our February cover story.
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5 reasons the CFPB needs a Congressional buffer

Why we need a go-between
Jacob Gaffney
The notion that the Consumer Financial Protection Bureau needs a board to oversee its activities is not popular within the agency. However, there are several reasons why such an entity could prove to be beneficial.
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CFPB Director Richard Cordray just told off the House Financial Services Committee

Yes, he has friends in manufactured housing
Kerri Ann Panchuk
Consumer Financial Protection Bureau Director Richard Cordray appeared before the House Financial Services Committee this morning for his Semi-Annual report before Congress. Those of you who remember controversial CFPB hearings from the past are in for a real treat.
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