Origination Protections Empower Hispanic Home Buyers
WORD ON THE STREET: Homeownership has long been the primary asset for most Americans, steadily building modest wealth that can leverage education, entrepreneurship...
A Breakdown Of The Fed’s Supervisory Activities
WORD ON THE STREET: Currently, the Federal Reserve supervises more than 5,000 bank holding companies and 825 state-chartered banks that are members of...
The FDIC’s Relationship With Community Banks
WORD ON THE STREET: The economic environment for banks and their borrowers is slowly recovering but remains challenging. As a result of continued...
The Importance Of Servicing In Relationship Banking
WORD ON THE STREET: Residential mortgage lending has been an important component of CorTrust Bank's business since its founding and has grown more...
The CFPB’s Impact On The Banking Industry
WORD ON THE STREET: The banking industry fully supports effective consumer protection. We believe that Americans are best served by a financially sound...
Accountable Or Not? A Look At The CFPB’s Oversight Provisions
WORD ON THE STREET: Many factors contributed to the crisis, but none more so than an orgy of unsound leverage in the home...
Unanswered Questions For The Federal Reserve
WORD ON THE STREET: While the Federal Reserve is still far less transparent than it should be, recent disclosures of its lending programs...
CFPB Weighs In On The Servicing Scenario
WORD ON THE STREET: The Consumer Financial Protection Bureau (CFPB) is not yet open for business. But on July 21, the CFPB will...
A Community Banker’s View Of Today’s Examination Process
WORD ON THE STREET: I am the president and chairman of a $250 million closely held community bank providing banking services to Sedgwick...
A Guide To SEC’s Securitization-Reform Agenda
WORD ON THE STREET: In the years leading up to the financial crisis, the nearly $10 trillion securitization market provided liquidity to almost...
The New Risk Agenda
WORD ON THE STREET: During the financial crisis, certain factors at work in the securitization markets distorted incentives for market participants in ways...
The Role Of Orderly Liquidation Authority
WORD ON THE STREET: Before the Dodd-Frank Act, the government did not have the authority to unwind large, highly leveraged and substantially interconnected...
Correcting The Flaw In The Rating System
WORD ON THE STREET: There is a fatal flaw in the rating product and process: It created a market that was too good...
Examining Lien-Position Conflicts
WORD ON THE STREET: Large, first-lien servicers have significant ownership interests in second liens and often have no ownership interest in the corresponding...
The Need For National Mortgage Servicing Standards
WORD ON THE STREET: The recent crash of the housing market and the rise of unemployment led to a historic surge in serious...
An Update On Reforms At The Federal Reserve
WORD ON THE STREET: The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) created the Financial Stability Oversight Council (FSOC) to...
Community Banks Are Still Facing An Uphill Struggle
WORD ON THE STREET: Over the past several months, my fellow state regulators and I have heard the very loud concerns of community...
The CRL On The Implications, Consequences Of Risk-Retention Proposal
WORD ON THE STREET: In our view, the proposed rule on risk retention would squander an opportunity to ensure that well-structured, responsibly underwritten...
MBA’s Cunningham On Risk-Retention Rulemaking
WORD ON THE STREET: It is no exaggeration to say that the proposed rule on risk retention will have profound effects on our...
Fleshing Out QRM Questions
WORD ON THE STREET: As this committee is aware, the U.S. Department of Housing and Urban Development (HUD) is one of six agencies...