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The House Financial Services Committee (FSC) has begun to schedule hearings for the new year and several bills will be on the agenda that could potentially impact lenders and/or consumers . FSC's Subcommittee on Financial Institutions and Consumer Credit has two hearings on the docket in January, the third and fourth on "Legislative Proposals for a More Efficient Federal Financial Regulatory Regime" According to the committee's memorandum, the following measures will be under discussion. H.R. 1264, the Community Financial Institution Exemption Act. This bill seeks to amend the Consumer Financial Protection Act of 2010 (we assume this is a reference to Dodd-Frank) to exempt community financial institutions, (an insured depository institution or credit union with under $50 billion in combined
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Housing News
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The House Financial Services Committee (FSC) has begun to schedule hearings for the new year and several bills will be on the agenda that could potentially impact lenders and/or consumers . FSC's Subcommittee on Financial Institutions and Consumer Cr... (read more) |
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Rob Chrisman
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Today is “job’s day,” and it seems like many people I talk to in other professions have 2-3 jobs. (“Yeah, I graduated with a degree in physical therapy, so I do that from 8-11, then I paint houses from 12-4, and then from 5-7 ... (read more) |
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MBS Commentary
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I had my doubts at times, after some of this week's volatility. I thought perhaps that bonds were showing signs that the "new year momentum" (a noticeable bias toward higher or lower rates that tends to emerge in January as traders are free to ... (read more) |
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Mortgage Rate Watch
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Mortgage rates moved higher today , following stronger economic data at home and abroad. In general, stronger economic data implies better growth, higher stock prices and higher rates. Although the traditional levels of correlation between data and r... (read more) |
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MBS Commentary
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If you happen to read and retain most of what I write, you'll have noticed that toward the end of December, I increasingly mentioned that it wouldn't be until the first full week in January (which is NEXT week) that we'd be more likely to see the fir... (read more) |
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MBS Commentary
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The overnight session and early morning hours saw a good, old-fashioned economic-data-driven sell-off in bond markets. Asian and European data were both stronger. That resulted in about half of the day's total damage for longer-te... (read more) |
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