Fair Lending policy director faces accusations of racism in blog post

A high-ranking policy director at the Consumer Financial Protection Bureau (CFPB) responsible for overseeing fair lending practices is under fire for a racially charged blog post.

Dodd-Frank Reform Could Make It Easier to Get a Mortgage

(TNS)—It should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks. Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules, and Trump signed it Thursday. The reforms will ease some of the mortgage laws from the Dodd-Frank […]

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Dodd-Frank Reform Could Make It Easier to Get a Mortgage

(TNS)—It should be easier for you to get a mortgage now that President Donald Trump has signed legislation that will lift lending restrictions on community banks. Congress on Tuesday voted in favor of rolling back Dodd-Frank banking rules, and Trump signed it Thursday. The reforms will ease some of the mortgage laws from the Dodd-Frank […]

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Newfi Lending offers new program for ‘difficult-to-qualify’ borrowers

Newfi Lending, an online mortgage lender and portfolio company of global private equity firm Warburg Pincus, has launched Sequoia Porfolio Plus, a proprietary loan program that offers flexibility for mortgage brokers looking to approve “difficult-to-qualify” borrowers …

Regulatory Relief Bill Passes Senate

Following the financial crisis of 2008 and the Great Recession, the federal government imposed regulations in the form of the Dodd-Frank Wall Street Reform and Consumer Protection Act—an effort to ensure financial stability and consumer protection. Senate Banking Committee Chair Mike Crapo introduced bill S. 2155—the Economic Growth, Regulatory Relief, and Consumer Protection Act—which proposes […]

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The coastal mortgage time bomb

“It’s this slow moving disaster,” says Cynthia McHale, director of insurance at Ceres, “No want wants to be left holding the bag.” …

Commentary: Ready for Tougher Underwriting and to Pay More for Your Mortgage?

There are some new rules coming down the pike for banks that will drastically alter the lending landscape. What are they, and should you care? I’m amazed that there has not been more talk regarding a big change in banking regulation. There are new regulations being phased in that will impact every borrower in a […]

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CFPB Finalizes ‘Know Before You Owe’ Updates

The Consumer Financial Protection Bureau (CFPB) recently finalized updates to the TILA-RESPA Integrated Disclosure rule (TRID), or “Know Before You Owe,” including clarifying the sharing of the Closing Disclosure (CD) with third parties—a concern for many in the housing industry since the rule’s implementation in October 2015. “The Bureau understands that it is usual, accepted, […]

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CFPB Proposal Aims to Clarify Home Mortgage Disclosure Act Rule

The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would clarify the 2015 Home Mortgage Disclosure Act (HMDA) Final Rule. The HMDA requires many lenders to report information about mortgages they originate or purchase so that regulators can assess whether lenders are serving local housing needs, among other indicators. The HMDA was updated […]

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CFPB Proposal Aims to Clarify Home Mortgage Disclosure Act Rule

The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would clarify the 2015 Home Mortgage Disclosure Act (HMDA) Final Rule. The HMDA requires many lenders to report information about mortgages they originate or purchase so that regulators can assess whether lenders are serving local housing needs, among other indicators. The HMDA was updated […]

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