A Tale of Two Loan Modifications, As Investors Sue Countrywide · Sue your bank in California over a wrongful foreclosure, and the best you’re likely to get – if you have ironclad evidence that it broke the law – is a loan modification. That is, a “win” for the borrower usually means the bank keeps another customer and collects interest payments that are thousands of basis points above the level at.
Obama urges action to bring Dodd-Frank into effect. barack obama urged the top US financial regulators to speed up the implementation of regulations associated with the 2010 Wall Street reform bill, which have stalled amid disagreements between agencies and intense lobbying by big banks. The US president delivered his message to Ben Bernanke,
President Obama announces financial regulation Reform. As the culmination of a months-long process in which the President consulted with the most expert and experienced regulators, leaders in Congress, and his entire economic team, he announces his vision for desperately needed financial regulatory reform. A major brick in the new foundation for Americas economy. June 17, 2009. (Public Domain)
The Obama Administration has proposed to Congress the most sweeping and fundamental regulatory reform of the U.S. financial and securities markets since the New Deal. The proposal’s goals are to regulate systemic risk, enhance transparency and disclosure,from excessive risk, improve investor
Former Federal Reserve chairman Paul Volcker urged a Senate panel Tuesday to adopt new rules that would limit the investment activities of large banks as part of an overhaul of financial regulations .. Federal regulators need to speed up reforms of the financial industry.
Housing starts drop 9.8% US home building advanced in June, the latest sign of momentum in the housing market. US housing starts rose 9.8 per cent from a month earlier to a seasonally adjusted annual rate of 1.17 million.
As President Barack Obama urges financial regulators to pick up the pace on Dodd-Frank rules to reform wall street, Jim Allen, CFA, Americas head of capital markets policy for CFA Institute, discusses the challenges of implementing the Dodd-Frank Act without a technical corrections bill. Also featured in this edition of D.C. Policy Update: where CFA Institute stands on the SEC’s potential.
President Obama indicates that there are several reasons for the financial crisis. According to the president, one reason is irresponsible practices by financial institutions. The amount of risk involved in newly created investments was high, and few investors or consumers understood this.
LenderLive: When will private-label securitization return? LenderLive: When will private-label securitization return? The big question going around ABS Vegas.. When and what will it take for private-label securitization to return in a meaningful way? A.
Weekly Address: President Obama Urges Action on Financial Reform As a key committee in the Senate takes up reforming the ways of Wall Street, the President lays down a marker: "I urge those in the Senate who support these reforms to remain strong, to resist the pressure from those who would preserve the status quo, to stand up for their constituents and our country.
Invitation Homes prepping new single-family rental securitization How the biggest single family home landlord, Blackstone, is abusing tenants and. In New York, which has more extensive tenant protections than other cities, which is using “Invitation Homes” as its brand for its single-family rentals, Blackstone's exit strategy appears to be rental securitizations;.