This time around, Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, significantly watered down his message at Nevada’s Common Ground Conference, especially when compared to his alarming speech at the Mortgage Bankers Association’s National Mortgage Servicing Conference.
Loan securitizer DB Structured Products, a division of Deutsche Bank, recently agreed to pay $11.5 million to settle a Nevada Attorney General investigation into the firm’s packaging and selling of subprime and Alt-A loans.
The Nevada Attorney General is urging people to come forward if they have information related to a Las Vegas man recently charged with defrauding Nevada citizens through a series of real estate and mortgage scams.
Layton has over 35 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004..
"The questions become, ‘Do the courts find a distinction between housing policy and lending, as in whether to make a loan and how you price that loan? Does the government get broader discretion than the private sector?’ ” Andreano said. “It’s not fleshed out.” Read More