Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition

Items Tagged with 'CFPB'


Revolving door starts turning as WFC hires two former CFPB execs

Both will deal with home loan capital markets division
April 18, 2014
The door turns in Washington D.C. as Wells Fargo is recruiting executives from the Consumer Financial Protection Bureau.
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It’s time to get serious about Non-QM loans

Nonbank lenders need investors to help with risk
April 15, 2014
With non-QM comes more risk. There is no safe harbor and holding them on portfolio could mean boosting capital reserves. Nonbank lenders, meanwhile, need to find an investor willing to buy non-QM loans.
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Christopher Whalen: The death of mortgage lending

It's not the CFPB's fault
April 14, 2014
“New regulations are a very convenient excuse for the large banks to get away from what is a crappy business,” according to one senior banker.
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GOP wants CFPB merged with other regulators

Democrats think cost-benefit analysis is 'dangerous'
April 8, 2014
The House Financial Services Committee hearing on the economic consequences of regulatory rulemaking and enforcement got heated because Democrats don't want cost-benefit analysis and Republicans want to merge regulators and bring them under Congressional oversight.
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Former CFPB official: No special QM loophole

Raj Date gets into mortgage business
April 7, 2014
Date's consumer finance advisory platform and investment vehicle Fenway Summer is reportedly looking to buy Ethos Lending in order to get into the mortgage market. And he is already generating buzz through the sins-of-our-fathers assertion.
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Black Knight: Originations fall to lowest level in 14 years

Foreclosure sales down to 2007 level; 95% mods to reset
April 7, 2014
Black Knight Financial Services mortgage data for February data showed that monthly mortgage originations dropped to the lowest number in at least 14 years.
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Congressman pushes bill to open FSOC to Sunshine Law

April 3, 2014
Rep. Scott Garrett, R-N.J., chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, wants the Financial Stability Oversight Council to be subject to the same transparency and accounting as other government councils.
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CFPB's Cordray spikes the ball at ABA

CFPB plans to do to other industries what it did to mortgages
April 3, 2014
Richard Cordray, director of the Consumer Financial Protection Bureau, spoke Thursday to a trade group entirely made up of people who will be benefitting from the CFPB’s product for decades – the American Bar Association.
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Sound and fury at CFPB racial discrimination hearing

CFPB execs skip hearing on abuse at agency
April 2, 2014
There was a certain level of disingenuousness that went beyond the usual political posturing at the House Oversight & Investigation Subcommittee investigating discrimination and retaliation at the Consumer Financial Protection Bureau Wednesday morning.
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Did the dissection of the CFPB by the American Banker go too far?

Unusual embargo times are not so unusual
April 1, 2014
The Consumer Financial Protection Bureau receives its share of criticism. But, the odd use of its embargoes is not exactly noteworthy. However, the American Banker disagrees. Would consumers even notice?
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