September 22, 2016
Financially Capable Young’uns
The Consumer Financial Protection Bureau has issued a new model and recommendations, Building Blocks To Help Youth Achieve Financial Capability (link to report at bottom of page). It opens, To navigate the financial marketplace effectively, adults need financial knowledge and skills, … Continue reading
September 22, 2016 in Regulation | Permalink | No Comments
August 30, 2016
Protecting Fannie and Freddie’s Golden Future
The Federal Housing Finance Agency had requested input on its Update on Implementation of the Single Security and the Common Securitization Platform. By way of background, The Federal Housing Finance Agency’s (FHFA) 2014 Strategic Plan for the Conservatorships of Fannie Mae … Continue reading
August 30, 2016 in Regulation | Permalink | No Comments
August 19, 2016
Bringing Debt Collectors to Heel
TheStreet.com quoted me in Debt Collectors Hounding You With Robo Calls? Here’s What To Do. It reads, in part, Mike Arman, a retired mortgage broker residing in City of Oak Hill, Fla., owns a nice home, with only $6,000 left on … Continue reading
August 19, 2016 in Regulation | Permalink | No Comments
August 4, 2016
Fannie & Freddie G-Fee Equilibrium
The Federal Housing Finance Agency’s Division of Housing Mission & Goals has issued its report on Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 2015. Guarantee fees (also known as g-fees) are another one of those incredibly technical subjects … Continue reading
August 4, 2016 in Regulation | Permalink | No Comments
August 3, 2016
The Future of Mortgage Default
The Consumer Financial Protection Bureau has shared its Principles for the Future of Loss Mitigation. It opens, This document outlines four principles, Accessibility, Affordability, Sustainability, and Transparency, that provide a framework for discussion about the future of loss mitigation as … Continue reading
August 3, 2016 in Regulation | Permalink | 1 Comment
July 28, 2016
Freddie and Fannie Nightmare Scenario
For a number of years, I have warned of the increased operational risk that results from leaving Fannie Mae and Freddie Mac in the limbo of their conservatorships. “Operational risk” refers to risks that a company faces from things like poor procedures, … Continue reading
July 28, 2016 in Regulation | Permalink | No Comments
July 27, 2016
Regulating Small Lenders
The Consumer Financial Protection Bureau is often subject to a lot of criticism for imposing a heavy regulatory burden on small community banks and credit unions (together, community lenders). A recent Government Accountability Office report, Community Lenders Remain Active under New Rules, … Continue reading
July 27, 2016 in Regulation | Permalink | No Comments
