Items Tagged with 'Christopher Dodd'


  • Q&A on success of Dodd-Frank with its creators

    The five-year anniversary of Dodd Frank
    Even after five years, there is still much debate surrounding how helpful Dodd-Frank has been for housing. But despite talk in the industry, Dodd-Frank's sponsors view the regulation and its effects as pretty positive.
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  • Mr. Frank goes back to Washington

    Former Congressman to testify before Congress on Dodd-Frank impact
    "The kind of terrible mortgage loans…the abuse of mortgage loans that hurt consumers, hurt financial institutions, and hurt the economy…we outlawed them and they haven’t been made since then," former Congressman Barney Frank said in a CNBC interview. "There have been some very real accomplishments."
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  • Happy 4th birthday Dodd-Frank! Everyone hates you

    How effective has Dodd-Frank really been?
    "As a Davis Polk & Wardwell LLP progress report on the legislation indicates, the deadlines for 280 rulemaking requirements have passed, as of July 18," analysts from SNL Financial write in a new report. “Of those, 127 deadlines were missed. Of the 398 total required rulemakings contained in the bill, 96 have yet to be proposed."
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  • The behind-the-scenes push to get rid of Edward DeMarco

    A couple weeks ago I was having a beverage with a former comrade from the trenches of mortgage research (He's now a big money manager). My comrade took me to task for criticizing outgoing Federal Housing Finance Agency Acting Director Edward DeMarco's performance at a September congressional hearing on the GSEs. What did I expect? he asked. Congressional Banking Committee leadership had just sandbagged DeMarco for courageously going after the banks that issued the private-label mortgage securities rotting in Fannie and Freddie's portfolios.
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  • Note to Dodd, Frank and Dimon: Make It Much, Much Simpler

    Although horse trading over the House and Senate versions of regulatory reform is limping to an end, I thought I’d bring up some fundamental observations the Bank of England’s Andrew Haldane made earlier this year on systemic risk and cost, bank size and diversification. Andy, as some Internet sources refer to him, is Executive Director, Financial Stability, at the BOE.
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  • Keeping Ahead of Costly Financial Reform Legislation

    As the Senate takes up Sen. Christopher Dodd’s financial regulatory reform bill, the mortgage industry needs to prepare for the very real possibility of additional regulations and increased oversight by regulatory agencies. With health care reform in play, President Barack Obama has identified financial regulatory reform as his top legislative priority.
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  • Rushing to Reform, Finance Legislation May Do More Harm than Good

    In a letter to the US Senate Committee on Banking yesterday, 21 trade groups representing the various dimensions of the mortgage finance business voiced concerns that current considerations on regulatory reform may be moving too quickly – without taking into account the potential adverse consequences these new mandates may render unto the economy-at-large.
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