Items Tagged with 'regulatory costs'


  • Dimon: FHA, servicing rules changes could add $300B in mortgages per year

    JPMorgan Chase CEO paints rosier picture of mortgage business in 2017
    Last year, JPMorgan Chase CEO Jamie Dimon painted a particularly unflattering view of the mortgage business in his yearly letter to shareholders. But this year, Dimon’s tone toward the mortgage business is much different. In the 2017 version of his letter to shareholders, Dimon suggested that with some (significant) changes, the mortgage business could grow considerably in 2017 and beyond.
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  • Your handy guide to all of Trump's promised deregulation

    Fitch Ratings report highlights potential impact
    One of the many promises that Donald Trump made as a candidate was a massive deregulation effort. Now that he is president, Trump is indeed following through and leading a massive deregulation effort. And while there are many moving parts still to be sorted out, it’s clear that deregulation in some form is likely, if not a sure thing. But what will the impact of that deregulation be?
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  • Here's clear evidence of how much more complicated mortgage lending is now

    An inside look at one lender's operations
    At any gathering of housing industry professionals, it isn’t long before the conversation inevitably turns to the current regulatory environment. That was definitely the case at Wednesday’s housing summit hosted by the Urban Institute and CoreLogic. Debra Still, the president and CEO of Pulte Mortgage, surprised some in the crowd by presenting concrete evidence of how much more complicated mortgage lending is now than it was 10 years ago.
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  • NAFCU members see regulatory costs spiking

    Half plan to cease non-QM loans, 38% trimming

    A survey of members of the National Association of Federal Credit Unions finds that while most say credit union lending has improved, new regulations and proposals threaten to increase costs and stall the lending activity growth. 

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  • 3 endgames for nonbank servicers in regulatory spotlight

    S&P sees three possible scenarios for Ocwen, Nationstar, Walter
    Standard & Poor’s Rating Services primary credit analyst Stephen Lynch says that while it's difficult to predict what may result from such regulatory scrutiny and related actions, he sees three potential scenarios arising, each of which may differ in their impact on the creditworthiness of U.S. nonbank mortgage servicers.
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  • GOP wants CFPB merged with other regulators

    Democrats think cost-benefit analysis is 'dangerous'
    The House Financial Services Committee hearing on the economic consequences of regulatory rulemaking and enforcement got heated because Democrats don't want cost-benefit analysis and Republicans want to merge regulators and bring them under Congressional oversight.
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