Items Tagged with 'MMCC'

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  • 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.
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  • 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.
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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: New Mexico warns of scammers pretending to be Nationstar

    Wells Fargo accused of ripping off mom-and-pop businesses
    Borrowers and lenders, here is your warning! Reports of mortgage scams and financial hackers keep making it to HousingWire’s headlines. The latest attack involves well-known mortgage company Nationstar. In other news, Wells Fargo is in the headlines again. This time the mega bank is being accused of ripping off vulnerable mom-and-pop businesses. Details on all of this and more inside.
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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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