The Obama administration unveiled a budget for the next fiscal year that proposes levying fees for the nation’s largest banks, selling off government-occupied real estate, and expanding services for the Federal Housing Administration. The $3.8-trillion budget calls for a Financial Crisis … [Read more...]
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Obama Budget Proposes ‘Responsibility Fee’ for Big Banks
Filed Under: Mortgage Industry News Tagged With: barack-obama, budget, crisis, house, insurance, investment, political, real-estate, refinance, security, technology
Nearly 40 Republican Senators Vow to Derail Cordray Appointment
Thirty-nine Senate Republicans vowed Friday to challenge several recent recess appointments, including one that installed Richard Cordray as Consumer Financial Protection Bureau director, by turning to the courts. An open letter signaled that the lawmakers will also contest appointments to the … [Read more...]
Filed Under: Mortgage Industry News Tagged With: article, barack-obama, black, business, consumer, ideas, industry, president, security, technology
Gingrich Rout Shows How Housing Remains a Political Bludgeon
Republican presidential candidates used housing issues in Florida to trump up their bona fides in separate addresses Tuesday. Read More: Gingrich Rout Shows How Housing Remains a Political Bludgeon … [Read more...]
Filed Under: Mortgage Industry News Tagged With: barack-obama, crisis, family, florida, government, ideas, industry, knowledge, political, security, technology, unemployment
New RMBS Working Group Pursues 11 Financial Institutions
A new federal task group set up to investigate residential mortgage-backed securities fraud made progress Friday when officials signed off on subpoenas for 11 undisclosed financial institutions. Numerous high-ranking federal officials joined New York Attorney General and co-chair Eric Schneiderman … [Read more...]
Filed Under: Mortgage Industry News Tagged With: article, attorney, author, barack-obama, black, financial, group, industry, president, security, technology
Obama Proposes New Lending Oversight, Refi Modifications
President Barack Obama used his State of the Union address Wednesday to tout his accomplishments and propose several new housing ventures, including possible expansions to refinance programs, consumer financial protection, and new federal initiatives to combat abusive lending practices. The speech … [Read more...]
Filed Under: Mortgage Industry News Tagged With: barack-obama, consumer, financial, government, housing, ideas, industry, obama, refinance, unemployment
Mortgage Trade Groups Back Obama’s Housing Market Goals
January 25, 2012 by Gary Lacey
The National Association of Home Builders (NAHB) has commended President Barack Obama for offering proposals in Tuesday's State of the Union Address to help families stay in their homes and stanch foreclosures, and is urging policymakers to take additional actions to mend the housing market and … [Read more...]
Filed Under: Mortgage Industry News Tagged With: barack-obama, development, economy, housing, marketing, massachusetts, originations, president, refinances, sales, sheila crowley
Economy Picks Up Steam With 200K Jobs in December
The U.S. economy soldiered ahead by adding 200,000 jobs over December, lowering the unemployment rate to 8.5 percent as more employers picked up seasonal staff members for the holidays Visit link: Economy Picks Up Steam With 200K Jobs in December … [Read more...]
Filed Under: Mortgage Industry News Tagged With: barack-obama, construction, government, housing, industry, real-estate, technology, unemployment
Obama to Name Cordray CFPB Director
President Barack Obama will name Richard Cordray director of the Consumer Financial Protection Bureau Wednesday, bucking 44 Senate Republicans with a controversial recess appointment and authorizing the agency to undertake new regulatory responsibilities. With Cordray now director, the CFPB will … [Read more...]
Filed Under: Mortgage Industry News Tagged With: article, barack-obama, black, consumer, cordray, financial, government, house, ideas, industry, obama
Obama Names Cordray CFPB Director
President Barack Obama named Richard Cordray director of the Consumer Financial Protection Bureau Wednesday, bucking 44 Senate Republicans with a controversial recess appointment and authorizing the agency to undertake new regulatory responsibilities. See more here: Obama Names Cordray CFPB … [Read more...]
Filed Under: Mortgage Industry News Tagged With: america, barack-obama, black, consumer, director, knowledge, news, obama, security, university
Obama’s Nomination of Cordray for CFPB Head Denied by Senate
December 8, 2011 by Gary Lacey
The U.S. Senate has shot down the approval of President Barack Obama's nomination of Richard Corday as head of the Consumer Financial Protection Bureau (CFPB) by a vote of 53-45 on Thursday. Visit site: Obama's Nomination of Cordray for CFPB Head Denied by Senate … [Read more...]
Filed Under: Mortgage Industry News Tagged With: action, attorney, barack-obama, compliance, education, foreclosures, marketing, tim-geithner