Articles by Caroline Basile

CFPB seeking compliance authority on military lending

Bureau asks Congress for "clear authority to supervise" military lending compliance
The Consumer Financial Protection Bureau is changing course on its previous decision to stop supervising lending to active duty service members. Kathy Kraninger, the newly confirmed director of the bureau, sent a letter to Congress on Thursday, asking for the "clear authority" to supervise for compliance with the Military Lending Act.
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[WATCH] UWM CEO: Becoming a mortgage broker is “a lot easier than you think”

Watch this exclusive interview with Mat Ishbia
HousingWire Editor-In-Chief Jacob Gaffney recently interviewed United Wholesale Mortgage CEO Mat Ishbia for an upcoming HousingWire Magazine cover story detailing 2019's mortgage lending outlook. “It’s really a battle for the originator. Originators are coming to the broker channel, and I don’t think it’s much of a battle anymore, I think they’re leaving in droves from retail lenders,” Ishbia tells Gaffney.
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Homebuilder confidence stabilizes in January

Held steady by decreasing mortgage rates
Held steady by decreasing mortgage rates, homebuilder confidence in the market of new single-family homes stabilized in the month of January, increasing two points to 58, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. 
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Supreme Court rejects Texas bank challenge to CFPB

Claimed CFPB’s “unprecedented, unchecked power” violates Constitutional separation of powers
The Supreme Court declined to hear a Texas bank’s constitutional challenge to the structure of the Consumer Financial Protection Bureau on Monday. The State National Bank of Big Spring, Texas, claimed the CFPB’s “unprecedented, unchecked power” violates the Constitution’s separation of powers.
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