Despite a booming economy, strong consumer confidence and record-breaking stock market, America’s lending community finds itself confronting a wide range of real—and potential—challenges.
The issues facing lenders nationwide present an environment that requires nimble business skills and the ability to adopt to an ever-evolving marketplace.
Near the top of the list of challenges confronting lenders is—not surprisingly—a wide array of both state and local regulations, and the related expenses of ensuring compliance with all of them. Time and again, industry experts point to what they believe to be ‘over-regulation’ as a significant contributing factor to the expense of servicing a home loan. Continue reading “Challenging Times For America’s Lending Community”→
While it may not be the ‘headline-grabber’ that the Administration’s (for now, failed) healthcare overhaul has been, waiting in the wings for the spotlight remains the President’s long-standing promise of overhauling 2010’s Dodd-Frank financial legislation.
Throughout last year’s campaign, and on into this past spring, President Trump promised that an overhaul of the controversial legislation was on the horizon; in the spring, the President described the changes as “a very major haircut”. In late April, the President went even further, suggesting to a gathering of CEOs that a full repeal of Dodd-Frank remained a possibility. Continue reading “The Uncertain Future of Dodd Frank”→
An increase in the number of mortgage applications means that the housing crisis that played such a major role as both a cause—and effect—of the Great Recession continues to fade into the nation’s rearview mirror.
Almost a decade after the collapse of the American housing market—and the subsequent arrival of the Great Recession—there remains a good deal of ‘collateral damage’ that has yet to be fully repaired by the nation’s economic recovery.
With the arrival of a new Administration in Washington, and expectations running high about forthcoming deregulation of the financial services and lending industries, one of the remaining vestiges of the Great Recession—the absence of the largest banks from the mortgage business—may also soon come to an end.