Items Tagged with 'Department of the Treasury'

ARTICLES

  • Trump administration calls for sweeping changes to financial ecosystem

    “Regulatory sandboxes,” eMortgages, online notarization, automated appraisals, more
    The Trump administration on Tuesday called for a series of changes to the country’s financial and mortgage ecosystems that, if enacted, would supercharge the financial industry’s technological revolution, upend the current regulatory environment, and potentially change the face of mortgage lending.
    Read More
  • Feds arrest dozens in sweeping action against hackers targeting wire transfers

    Including those targeting real estate transactions
    The federal government announced Monday that it conducted a massive sweep and arrested nearly 75 people who allegedly participated in schemes designed to intercept and hijack wire transfers from businesses and individuals, including those involving real estate transactions. The operation also resulted in the seizure of nearly $2.4 million, and the disruption and recovery of approximately $14 million in fraudulent wire transfers.
    Read More
  • U.S. Treasury advocates for financial reform and digitalization

    Says if we don’t update, we’ll fall behind rest of world
    At the Mortgage Bankers Association Secondary conference in New York City, the U.S. Department of the Treasury gave an update on the changes it is advocating for and seeing in the mortgage finance system. Here’s what Treasury Counselor to the Secretary Craig Phillips had to say about tax reform, regulatory relief and trade.
    Read More
  • Hensarling blames Watt for GSEs needing Treasury money, demands answers

    Criticizes Watt for ordering Fannie, Freddie to contribute to Housing Trust Fund
    One of the top Republicans in Congress lays the blame for Fannie Mae and Freddie Mac needing money from the government for the first time since 2012 not on the Republican tax plan’s reduction of the corporate tax rate, but rather, squarely at the feet of Federal Housing Finance Agency Director Mel Watt.
    Read More
  • Fannie Mae needs billions from Treasury for the first time since 2012. What happened?

    Credit the Republican tax plan, and much more
    If you’ve been playing close attention, you knew this day was coming, but that doesn’t make it any less shocking. Fannie Mae needs money from the government for the first time since 2012. So, how did we get here? The easy answer is to blame the Republican tax plan, and in many ways, that’s correct… but it’s far more complicated than that.
    Read More
  • Former Treasury official David Dworkin joins National Housing Conference as CEO

    Most recently served as a senior housing policy advisor at Treasury
    The National Housing Conference, a nonprofit fair housing advocate, announced this week it hired David Dworkin to serve as the organization’s new president and CEO. Dworkin comes to NHC from the Department of the Treasury, where he most recently served as a senior housing policy advisor in the Office of Domestic Finance.
    Read More
  • Former Treasury Secretary Jacob Lew joins private equity firm

    Becomes partner at Lindsay Goldberg
    Former Department of the Treasury Secretary Jacob Lew is returning to the private sector. Lew, who served as Treasury secretary from 2013 through end of the Obama administration earlier this year, is joining Lindsay Goldberg, a private investment firm, as a partner.
    Read More
  • Republican tax plan will trigger another Fannie, Freddie bailout

    Reduction in corporate tax rate would impact GSEs’ deferred tax assets
    On Thursday, the Republicans finally released their highly anticipated tax reform plan, and as it turns out, the Tax Cuts and Jobs Act could bring a flashback to the housing crisis that many thought they’d never see again – another bailout of Fannie Mae and Freddie Mac, according to an investigation by HousingWire.
    Read More