• Ocwen2.23-0.03 -1.33%
  • Zillow39.55+0.93 +2.41%
  • Trulia47+0 +0%
  • NationStar16.06-0.11 -0.68%
  • CoreLogic43.29+0.61 +1.43%
  • RE/MAX60.25+0.30 +0.50%
  • Fannie Mae2.91-0.04 -1.36%
  • Freddie Mac2.78+0.01 +0.36%
  • Wells Fargo54.44-0.10 -0.18%
  • CitiMortgage59.39-0.55 -0.92%
  • Bank of America23.65-0.24 -1.00%
  • Lennar51.11+0.14 +0.27%
  • Fidelity National Financial41.36+0.46 +1.12%
  • D.R. Horton33.25+0.26 +0.79%
  • PulteGroup22.87+0.17 +0.75%
  • First American43.19+2.42 +5.94%
  • BKFS41.90+0.40 +0.96%
  • AUDUSD=X0.7466-0.0003 -0.0375%
  • USDJPY=X111.2710+0.0230 +0.0207%
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Mnuchin Supports Financial CHOICE Act

Mnuchin Supports Financial CHOICE Act

After the Financial Services Committee's hearing on the Financial CHOICE Act, Treasury Secretary Steven Mnuchin expressed his approval of the act. The act was introduced during a hearing of the Committee by Commitee Chairman Jeb Hensarling on Wednesday as an alternative to the Dodd-Frank act. Financial CHOICE aims to end taxpayer-funded bailouts of big banks, impose tougher penalties for financial fraud and insider trading, and demand greater accountability from regulators.

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Tax Cuts to Affect Banks

Tax Cuts to Affect Banks

Treasury Secretary Steven Mnuchin released the president's tax reform plan which could have a significant impact on the mortgage industry and the financial industry as a whole. Calling the tax cuts in President Trump’s reform “The biggest tax cut and largest tax reform in history of this country,” the reform would reduce corporate taxes down to 15 percent, cut the top tax bracket down to 35 percent, and double the standard deduction.

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Trump’s Impact on Banks

Trump’s Impact on Banks

Approaching President Trump's 100th day in office, we took a look at how his administration has impacted the financial sector. From lending rates to bank stock prices, see in what directions the needle has moved in reaction to policy changes made by the president. We’ll also take a look at what impact Trump’s executive orders affecting Dodd-Frank is having on the market as well as how the housing industry may be impacted by a recent tariff on Canadian lumber.

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What Would a Government Shutdown do to Mortgages?

What Would a Government Shutdown do to Mortgages?

With the federal funding running out on Friday and a potential government shutdown looming, expect to see an impact on the mortgage industry. Access to tax documents and other government paperwork may prove difficult in the event of a shutdown. Furloughs at the IRS and Social Security can cause roadblocks in the application process.

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Critics Take Aim at Latest Trump Orders

Critics Take Aim at Latest Trump Orders

Critics have begun to speak out after President Trump signed two executive orders calling for the review into “too big to fail” and a number of financial oversight entities. Some even fear it could signal another financial crisis is on the horizon. Trump’s orders specifically require a review of the Financial Stability Oversight Council and the Orderly Liquidation Authority.

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Proposal Details Possible GSE Reform Plan

Proposal Details Possible GSE Reform Plan

A key industry organization has released a white paper outlining a GSE reform plan. The paper details how the reform should occur, how to handle the transition, and the secondary market’s role in it all. The organization hopes to work with legislators on creating a bipartisan reform plan.

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Greenspan Supports Dodd-Frank Rollback

Greenspan Supports Dodd-Frank Rollback

Former Fed Chairman Alan Greenspan came out against the Dodd-Frank Act today on CNBC’s “Squawk on the Street” business show. The post-crisis regulations, he said, have caused a “surge in stock prices,” and getting rid of them would “have a very significant positive impact on the economy.” President Trump called for a review of Dodd-Frank back in February.

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Inventory, Affordability Problems Can’t Keep Buyers Away

Inventory, Affordability Problems Can’t Keep Buyers Away

Home sales should remain strong as the year goes on, even despite rising mortgage rates, tight inventory, and declining affordability. Potential existing-home sales rose 0.6 percent over the year and 83 percent over their all-time high. Wage growth, strong employment, and an uptick in building permits will encourage sales further.

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How Effective is the CFPB?

How Effective is the CFPB?

With the Consumer Financial Protection Bureau and the Dodd-Frank Act coming under federal scrutiny, Trulia wondered how effective the consumer protections have been in the CFPB’s first half-decade. According to the firm, very. A new report suggests the bureau has been a powerful ally for U.S. mortgage holders in all markets.

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