The head of one of the nation’s most influential financial services trade group used uncommonly bold language to challenge the supremacy of the Dodd-Frank Act, arguing that is should not be seen as a religious text that no one can question.
In an opinion column published in USA Today, Frank Keating, the president and CEO of the American Bankers Association (ABA), used an Old Testament analogy to challenge lawmakers on the letter of the Dodd-Frank law.
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Sacramento man sentenced to prison for mortgage fraud
Williams used his companies, Diamond Hill Financial and Bay Area Real Estate Holdings, to recruit unqualified homebuyers, and then assisted them …
Smaller Down Payments Lure More Buyers
Realtor Mag | January 23, 2015
More lenders are lowering down-payment requirements, allowing borrowers to commit 3%—or even less—of a home’s purchase price to get a mortgage.
Homeowners Tap Into Equity as Refinancing Surges
Boston Globe | January 26, 2015
The jump in what are known as cash-out refinancings, in which homeowners tap equity by borrowing more than they owe on their mortgages, represents another turning point in the housing recovery as the improving economy gives consumers the confidence to spend and banks the confidence to lend.
Prosecutors: Man admits role in wife’s mortgage fraud scheme
… a former real estate title agent, but didn’t report it. He also took steps to conceal the scheme by making payments on some of the fraudulent loans out …