Items Tagged with 'Monday Morning Cup of Coffee'

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  • Monday Morning Cup of Coffee: Feds finally end AIG oversight

    Plus, Mnuchin defends tax plan and some good news in Miami
    In just the latest chapter of the Trump administration's deregulation playbook, The Financial Stability Oversight Council, created by Dodd-Frank and comprised of 10 senior financial regulators, including Treasury Secretary Steven Mnuchin, CFPB Director Richard Cordray and Federal Reserve Chair Janet Yellen, voted to remove federal oversight of American International Group Friday night.
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  • Monday Morning Cup of Coffee: Is Equifax telling the wrong people they were hacked?

    Tensions rise between the CFPB and the Department of Education
    Last week's Equifax security breach impacted a jaw-dropping 143 million U.S. consumers. And to make matters worse, the website the credit bureau set up for consumers to see if their personal information was impacted by the breach, may just be haphazardly telling consumers they were impacted when they weren't. Meanwhile, there’s trouble in Washington for the Consumer Financial Protection Bureau, as the Department of Education announced it wants to cut ties with the bureau.
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  • Monday Morning Cup of Coffee: MBA president calls for action on National Flood Insurance Program

    MBA's Stevens calls on mortgage industry to rise up
    MBA president calls on industry to act on NFIP reauthorization, latest GDP estimates show continued growth, Northpointe Bank introduces a private-label mortgage solution, and according to one list, Millennials are killing banking, homeownership and… fabric softener? Click on to read more in this week’s Monday Morning Cup of Coffee.
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  • Monday Morning Cup of Coffee: Another Goldman Sachs alum joins Trump team

    Plus, forest fires and the CFPB complaint database
    The appointment of Anthony Scaramucci adds another Goldman Sachs alum to the Trump team. Steven Mnuchin, Treasury Secretary, Gary Cohn, head of the National Economic Council, and Dina Powell, deputy national security advisor, are all former Goldman partners, while Steve Bannon, the president's top strategist, was a vice president at Goldman Sachs in the 1980s. 
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  • Monday Morning Cup of Coffee: Black Knight projects record-high home equity

    Rising home prices increase available equity and bring underwater borrowers back in the black
    Black Knight’s latest Mortgage Monitor report finds that rising home prices have both decreased the number of borrowers underwater on their mortgages while increasing the amount of equity available to homeowners. In fact, home equity could hit a record high this summer. Plus, a mixed-use development on a landfill? Check out the article to learn more.
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  • Monday Morning Cup of Coffee: Redfin files for IPO, plans to raise millions

    Here's how housing performed in June
    The housing industry kept busy over the past several days. Online real estate company Redfin decided to finally jump into the stock market, filing an initial public offering with the U.S. Securities and Exchange Commission. Meanwhile, newly created fintech company Finastra is reminding the industry that it’s not done growing. Check out the article to find out what’s in store for housing.
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  • Monday Morning Cup of Coffee: HUD budget shows cuts still run deep

    Proposed budget puts increased responsibility on state and local governments
    The draft of HUD’s proposed 2018 budget calls for “increased responsibility on state and local governments and calls for the private sector to do more to meet community needs.” The proposed budget also eliminates the Housing Trust Fund, a program financed by Fannie Mae and Freddie Mac profits. Also, where is the next emerging market for mortgage lending? Here's where, according to the CEO of Caliber Home Loans.
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  • Monday Morning Cup of Coffee: CFPB deepens probe into Zillow for RESPA compliance

    Here's one main driver behind Dallas’ hot market
    Things are heating up in the government and the housing market. The Consumer Financial Protection Bureau is deepening its investigation into Zillow’s compliance with the Real Estate Settlement Procedures Act, just as the of the government is simultaneously looking into the constitutionality of the bureau itself. As far as housing, what’s causing homes to fly off the market in Dallas?
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