Articles Tagged with ''Regulation''

Straight talk about independent mortgage bankers

How regulated are they really?
Independent mortgage bankers have increasingly been in the news of late. Ten years after the 2008 housing crisis, the strong trends of IMB growth in mortgage lending continue as banks show little sign of reversing their retreat from our mortgage markets. But are IMBs regulated enough? CHLA responds.
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HousingWire launches exclusive 5-part regtech podcast series

Regtech Report brought to you by ComplianceEase
HousingWire and ComplianceEase are teaming up to launch the weekly series in mid-August and will cover topics, such as artificial intelligence, big data and compliance, compliance, compliance. So keep an eye out, we’ll announce each new episode in our email alerts, and thanks for listening!
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Monday Morning Cup of Coffee: Are cities finally fed up with Airbnb wiping out local housing?

Plus, the CFPB opens a new office, regulatory sandbox for fintech development
Are cities over Airbnb? Looks like it. Last week, two city councils voted to limit the online home rental services activities in their cities, the latest in a series of moves to reign in the company, which some say are aggravating the housing crisis. That, plus more about the CFPB's new office in your Monday Morning Cup of Coffee.
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Prepare now for slower growth, consumer headwinds

A traffic jam of uncertainty lies ahead
[Expert commentary] When consumers feel good about their financial future, it tends to be reflected in the housing market. For that reason, it’s hard not to see good things in the recent Consumer Sentiment and Consumer Confidence indices, two key barometers used to gauge the direction of the economy. Yet while the view from the windshield of the economy seems clear, the traffic maps show a good deal of congestion and uncertainty ahead.
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House passes massive bipartisan economic growth bill

Hensarling, Waters put forth bill made up of 32 pieces of legislation
The House of Representatives just passed a massive piece of bipartisan legislation that some are calling the “cherry on top” of President Donald Trump’s Dodd-Frank rollback. The bill, called the JOBS Act 3.0, is a massive bipartisan effort made up of 32 pieces of individual legislation, and passed the House with a margin of 406-4.
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Experts reveal greatest compliance pain points

And how to overcome them
While President Donald Trump’s administration has worked to reduce regulations since taking office, compliance continues to be a major problem for many lenders. Panelists from the NEXT Women’s Mortgage Tech Conference explained the changing regulatory environment, compliance issues lenders are facing, and some tips on how to deal.
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Fed unveils proposal to soften Volcker rule

Requests comment from interested parties
The Federal Reserve unveiled its plan Wednesday to soften regulations within the Volcker rule, which imposes limits on large banks in proprietary investment activities. The Federal Reserve explained it is seeking to reducing banks’ compliance costs while maintaining the rule’s effectiveness and consistency.
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Smaller independent mortgage bankers request freedom from CFPB exams

CHLA responds to bureau’s request for comments
The Community Home Lenders Association submitted a letter to the Consumer Financial Protection Bureau requesting that smaller independent mortgage bankers be exempt from the bureau’s exams and audits. The letter comes in response to the CFPB’s request for comment on its own enforcement process, which it issued back in February.
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Mulvaney unveils sweeping plan to dramatically alter CFPB

Mulvaney: We commit to the CFPB’s statutory responsibilities, but will go no further
Over the past few months, Mick Mulvaney has provided smaller indications about how much differently the Consumer Financial Protection Bureau will function under his leadership than it did under the bureau’s former director, Richard Cordray. But Monday, Mulvaney fully revealed his plan to dramatically alter how the CFPB operates.
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