Spending Will Rise as Rates Drop
A new JPMorgan Chase Institute report highlights the link between interest rate changes and consumer spending for homeowners with adjustable-rate vs. fixed-rate mortgages. The study, released on Thursday, could provide [...]
OCC Releases Results of Wells Fargo Review
According to a new report from the OCC, there were many lessons learned through the agency’s supervision of Wells Fargo during recent controversy. Failure to respond timely to known issues, [...]
Young Adults Not So Hot On Construction Careers
If the future of the construction trades rests in the hands of young adults, that future might not have such a strong foundation. In a national poll by NAHB, young [...]
Report: “CFPB Offers Much-Needed Protection”
A new report by Trulia says the Consumer Financial Protection Bureau has proven a powerful ally to borrowers across the economic spectrum. It’s also proven a valuable resource for military [...]
Prime Jumbo RMBS Transactions Double in Size
The number of prime jumbo RMBS transactions has doubled year-over-year, according to a new report. Six new transactions were completed in Q1 2017, totaling $2.6 billion. Only 29 out of [...]
Michele McCoy Joins OrangeGrid as VP
OrangeGrid, a California-based provider of configurable business process workflow solutions to the financial services industry, announced that Michele McCoy has joined as VP of business development. McCoy brings over 30 [...]
Orlans PC Expands Across U.S.
Recently, Linda and Alison Orlans launched Orlans PC, the second largest Women’s Business Enterprise National Council certified women-owned law firm in the U.S. Linda Orlans will serve as Executive Chair, [...]
Weltman, Weinberg & Reis Defends Against CFPB Allegation
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Weltman, Weinberg & Reis, a debt collection law firm, claiming the firm falsely represented in millions of collection letters that [...]
Ocwen MSR Block May Soon Be Lifted
According to the latest Consent Order from the New York Department of Financial Services, Ocwen may be one its way to once again acquiring mortgage servicing rights. The financial institution [...]