Items Tagged with 'Monday Morning Cup of Coffee'

ARTICLES

  • Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth restrictions

    Plus St. Louis Fed President James Bullard says further rate increases aren’t necessary
    Following pressure from Sen. Elizabeth Warren, Federal Reserve Chair Jerome Powell has indicated that the Fed's Board of Governors will hold a vote to decide whether or not to lift growth restrictions placed on the megabank. Plus, here's why Capital One putting a stop to mortgage lending is good for its investors.
    Read More
  • Monday Morning Cup of Coffee: MBA president slams "defamatory" mortgage industry report

    Says data cherry-picks loan types
    MBA President and CEO David Stevens claps back at a report about the extent of discrimination in lending. Reuters reports surging bonds could “pinch” homeowners and retirees, and we finally learn the identity of the mystery buyer who bought the most expensive home in NYC. Here’s your Monday Morning Cup of Coffee.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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. 
    Read More
  • 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.
    Read More
  • 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.
    Read More