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  • Government-building-court-pillars

    The National Mortgage Settlement is officially over

    LendingServicing

    Monitor’s office to shut down by end of 2018

    One of the vestiges of the financial crisis is now officially in the past. The National Mortgage Settlement, the epic, massive mortgage servicing settlement between the federal government, 49 states (all excluding Oklahoma), and five of the nation’s biggest banks and mortgage servicers, is now done and complete. RIP.
  • LendingServicing

    Monitor’s office to shut down by end of 2018

    One of the vestiges of the financial crisis is now officially in the past. The National Mortgage Settlement, the epic, massive mortgage servicing settlement between the federal government, 49 states (all excluding Oklahoma), and five of the nation’s biggest banks and mortgage servicers, is now done and complete. RIP.
  • Gavel-justice-law-legal
    Lending

    Former Trump campaign chair Paul Manafort found guilty of tax, bank fraud

    Jury finds Manafort guilty on 8 counts, judge declares mistrial on other 10

    President Donald Trump's former campaign chair was just found guilty of tax and bank fraud. A jury in Alexandria, Virginia, found former Trump presidential campaign chair Paul Manafort guilty on eight charges of tax and bank fraud. The jury, which was deliberating 18 total charges, was unable to reach a consensus on 10 of the counts.
  • Scales-of-justice-with-gavel
    Lending

    New Mexico sues Wells Fargo for opening up fake accounts

    Attorney General Hector Balderas follows through on threat to sue bank

    Back in November, New Mexico Attorney General Hector Balderas threatened to sue Wells Fargo over the bank allegedly opening up thousands of fake accounts in the state’s residents' names, and now, Balderas is following through on that threat.
  • House-for-rent-2
    InvestmentsLendingReal Estate

    Fannie Mae, Freddie Mac ending expansion into single-family rentals

    FHFA says single-family rental market can function without GSEs

    Over the last year or so, Fannie Mae and Freddie Mac both expanded their presence in the single-family rental market, with both of the GSEs beginning to fund single-family rental investments for larger players in the market. But that expansion is about to end.
  • Gavel-scales-of-justice
    Real Estate

    HUD doubles down against discrimination practices

    Brings charges in Massachusetts, California, South Dakota

    The U.S. Dept. of Housing and Urban Development is doubling down on the charges it is bringing against housing companies for discrimination. This week, it brought charges against or settled with housing companies in Massachusetts, California and South Dakota.
  • Governmentbuilding
    InvestmentsReal Estate

    SEC going after brokers for peddling shares in $1.2 billion real estate Ponzi scheme

    Claims brokers were unlicensed while selling shares in Woodbridge companies

    The Securities and Exchange Commission is already pursuing charges against Robert Shapiro, the founder of the Woodbridge group of companies, for allegedly bilking thousands of investors out of hundreds of millions of dollars via a $1.2 billion real estate Ponzi scheme. And now, the regulator is going after brokers who sold shares in the collapsed group of companies.
  • Gavel-scales-of-justice
    LendingReal Estate

    Judge tosses civil rights groups’ suit against HUD over delaying Obama fair housing effort

    Groups challenged HUD’s changes to Affirmatively Furthering Fair Housing rule

    A federal judge late last week dismissed a legal challenge from three civil groups over the Trump administration’s move to delay and change a controversial Obama-era fair housing rule. The groups hoped to have the rule reinstated. But that won't be happening now.
  • Online-mortgage
    LendingServicing

    HousingJobs: The latest fintech job trends

    The industry is ripe for fintech companies

    Job hunting can be frustrating. At HousingWire, we want to make the process easier for job seekers in the industry. Our new service, HousingJobs, lists the latest gigs in the housing industry for loan officers, underwriters, processors, loan servicers, and tech and marketing pros. Check out this monthly blog for the latest job postings along with some industry insight.
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This month in
HousingWire magazine

Cover Story
August 2018

Women of Influence 2018

Eight years after we began recognizing women for their influential work in the expanding housing and mortgage finance ecosystem, a traditionally male-dominated field, our Women of Influence list is bigger and better than ever! This year, we honor 85 women who are making lasting achievements in each sector of the housing economy. Read on to learn more about these accomplished women and the strides they are making in their industry segments.

Feature

The Path to Equality

Jacob Gaffney
Jacob Gaffney
The financial world at large is experimenting with changing its workforce culture in ways not fathomable 10 years ago. For example, in 2011, the dress code for female workers at UBS came to light with unflattering results. In it, the Swiss bank instructed female employees on not just how to dress and how to smell, but also preached the importance for ladies to apply lotion after taking showers. Fast forward to today and fellow Swiss bank, Credit Suisse has now created an official role to boost equal opportunities and create a fair treatment environment. Has the American mortgage industry made similar progress?

Commentary

Outside the classroom

Marshall Gayden
Marshall Gayden
 Lending
The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.