CFPB's Financial Stats; TRID Hurting Lending?; Upcoming Events and Training

Posted To: Pipeline Press

"I spent half my money on gambling, women, and booze. The other half I wasted." Not that politicians would ever waste money - after all, they can spend our money more effectively than we can, right? - but the industry had some welcome news yesterday when the U.S. House and Senate conferees reached an agreement on a multi-year transportation bill that does not contain a provision to pay for a portion of the new transportation spending through an increase in the fees charged by Fannie Mae and Freddie Mac to guarantee a loan (g-fees). Did someone say "CFPB" and "Dodd Frank"? No? Well, let's talk about them anyway. The Federal Reserve put in place rules (as a result of the Dodd-Frank Act) that would limit its emergency lending authority to address only broad-based financial market issues rather...(read more)

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