Articles by Brena Swanson

Ohio Dems bank on Richard Cordray running for governor

Ohio's gubernatorial race would significantly change
Though Consumer Financial Protection Bureau Director Richard Cordray has remained mum on a possible run for Ohio governor, Democrats in the state are already banking on him running. While some publications focused on the news of Cordray stepping down from his position on Wednesday, Ohio news publications all but confirmed that Cordray will run for Ohio governor.
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Keith Noreika to step down as Comptroller of the Currency

Following the confirmation vote for Joseph Otting
With former bank executive Joseph Otting soon to be confirmed as Comptroller of the Currency, Acting Comptroller of the Currency Keith Noreika submitted his resignation letter to Secretary of the Treasury Stephen Mnuchin. Noreika may not have been in the position long, but he did manage to make headlines during his time there, most notably for his opposition to the Consumer Financial Protection Bureau’s arbitration rule.
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Genworth: 3% down mortgages key to lock in first-time homebuyers in 2018

Where will credit expand in 2018?
With overall mortgage originations projected to decrease in 2018, mortgage lenders are looking to first-time homebuyers to make up a large portion of their business. According to a new survey from Genworth Mortgage Insurance, the majority of lenders anticipate strong first-time homebuyer growth in 2018. So what type of mortgage products will they choose?
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GSE reform in 2018? Mortgage finance positions of power in Washington up for grabs

The changing of the guard
[Commentary] There’s a perfect storm going on in Washington D.C right now. Just as talks over housing finance reform start to move from a laughing matter to a serious topic of discussion, some of the biggest positions of power on Capitol Hill just opened up. Or, they’re about to be up for grabs. Here’s a quick pulse on all the changes.
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House passes long-term reauthorization of National Flood Insurance Program

Bill to reduce direct spending by $187 million
Less than a month before the program was set to expire, the House of Representatives voted to pass the 21st Century Flood Reform Act, which will reform and reauthorize the National Flood Insurance Program. The 21st Century Flood Reform Act would reauthorize the NFIP for five years and introduce private market competition.
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PRMI Giving Network raises $89,000 to help students nationwide

Provides thousands of school supplies
The PRMI Giving Network, a service initiative under Primary Residential Mortgage, partnered with the Kids In Need Foundation to raise funds and provide free school supplies to Title I schools nationwide. Once the eight-week campaign wrapped, the PRMI Giving Network brought in more than $89,000.
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