Politics & MoneyMortgage

Regulators to banks: You’re not getting bailed out again

Under the 2010 Dodd-Frank Act, a group of U.S. and foreign banks were asked to file living wills with regulators by the end of the year. The plans should not assume that banks have the opportunity to receive government bailout money in the future. The Wall Street Journal explained:

“A tailored resolution plan focuses on the nonbanking operations of the firm and on the interconnections and interdependencies between the nonbanking and banking operations,” the Fed and FDIC said in a joint release.

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With record-low mortgage rates, originators and real estate agents aren’t taking a holiday anytime soon

Low rates are making this summer one for the record books. Accordingly, loan officers, underwriters, real estate agents and those working in title and settlement offices are continuing to work the long hours that have become the norm since March. Not that they’re complaining.

Jul 02, 2020 By
3d rendering of a row of luxury townhouses along a street

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