Republicans Release Report Assessing Dodd-Frank

first_img Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Related Articles Demand Propels Home Prices Upward 2 days ago Congressional Republicans, on the four-year anniversary of the Dodd-Frank Act, fired out at the controversial legislation, saying that the act’s purported purpose to end the government’s “too big to fail” policy has itself failed.On Monday, the House Financial Services Committee released a 100-page report titled “Failing to End ‘Too Big to Fail:’ An Assessment of the Dodd-Frank Act Four Years Later,” which asserts that the act perpetuates a dangerous policy of bailing out lenders that fleece American taxpayers, under the presumption that not bailing them out would make matters far worse. GOP leaders say that Dodd-Frank was supposed to put an end to this perspective, but instead makes sure it continues.“In no way, shape or form does the Dodd-Frank Act end ‘too big to fail,’” said Jeb Hensarling (R-Texas), chairman of the committee. “Instead, Dodd-Frank actually enshrines ‘too big to fail’ into law.”The report calls the Financial Stability Oversight Council, created to manage the administration of Dodd-Frank, “unwieldy,” and states that the FSOC has failed to live up to its statutory mission to identify and mitigate systemic risk. The report also says that while the Office of Financial Research has made some progress in its mission to collect financial data to identify systemic risks, its progress has been hampered by poor data collection efforts that risk “imposing substantial costs in return for speculative benefits.”More to the point of its title, the report asserts that proponents of Dodd-Frank have never offered an adequate, concrete explanation of how the orderly liquidation authority ‒‒ which provides a process to quickly and efficiently liquidate a large, complex financial company that is close to failing ‒‒ would actually end bailouts. The FDIC’s strategy for implementing “single point of entry” provisions outlined in Title II of Dodd-Frank is, according to Republicans “a recipe for future AIG-style bailouts.”“Contrary to the claims of its proponents, Dodd-Frank leaves taxpayers exposed to the costs of resolving large, complex financial institutions,” the report states. Hensarling says that Dodd-Frank “misses some obvious problems and creates new ones,” especially where government-sponsored enterprises such as Fannie Mae and Freddie Mac are concerned.  “Firms designated as ‘financial market utilities under Dodd-Frank,” the report states, are the next generation of GSEs.”Moreover, Republicans charge, regulatory requirements imposed under Dodd-Frank create compliance burdens that distort the free market by making it harder for small-to-medium-sized financial institutions to compete with larger firms, further entrenching “too big to fail.”While Republicans on the Financial Services Committee plan to introduce legislation “to repeal Dodd-Frank’s bailout fund and take other steps to end ‘too big to fail’ once and for all,” according to Hensarling, the act’s latter architect, Barney Frank, former Massachusetts Representative and FSC chairman, will testify at a congressional hearing on Wednesday to assess the impact of the Dodd-Frank Act four years later.Republicans are doubtlessly less than enthusiastic about what Frank may have to say and make no effort to hide their distaste for what they consider a cumbersome piece of legislation. “Rather than institute market discipline and a clear rules-based regime, four years later,” said Oversight and Investigations Subcommittee Chairman Patrick McHenry, “Dodd-Frank’s failed policies have only worsened the risks within the financial system and recklessly handed financial regulators a blank check for taxpayer-funded bailouts.” Tagged with: Barney Frank Dodd-Frank Reform Act Jeb Hensarling Subscribe Barney Frank Dodd-Frank Reform Act Jeb Hensarling 2014-07-21 Scott Morgan Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Republicans Release Report Assessing Dodd-Frank in Daily Dose, Featured, Government, Headlines, News Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago July 21, 2014 1,907 Views The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Scott Morgan Previous: RMBS Liquidations Increase for the First Time in Almost Two Years Next: Regulators Take Possession of Georgia Bank Home / Daily Dose / Republicans Release Report Assessing Dodd-Frank Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily last_img read more

The Week Ahead: Eyes on the Treasury

first_imgHome / Daily Dose / The Week Ahead: Eyes on the Treasury Sign up for DS News Daily Tagged with: Department of the Treasury in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Eyes on the Treasury May 7, 2017 1,117 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Fannie Mae Income Drops in Q1 Next: Hensarling’s Communication Control Faces Criticism Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. Subscribe Related Articles Department of the Treasury 2017-05-07 Seth Welborn The Best Markets For Residential Property Investors 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Following a week of argument within Congress regarding everything from healthcare to the Financial CHOICE Act, on Wednesday at 2 p.m. EST, the Department of the Treasury will release its monthly Federal Budget Statement. The Bureau of Fiscal Service releases a report of the monthly receipts/outlays and deficits/surplus of the United States.This budget announcement comes right on the heels of the first round of votes to move the Financial CHOICE Act forward, a bill which would act as an alternative to the Dodd-Frank Act. Mnuchin had voiced his support of Financial CHOICE in a statement following the vote.“As Secretary, I am committed to policies that will ensure sustained economic growth that is driven by Main Street and not held back by Washington,” said Mnuchin. “The existing regulatory system is limiting, not stimulating our economy. At the Treasury, we are focused on delivering regulatory relief that encourages banks to provide the capital and liquidity needed to create jobs and opportunities for growth, and that provides protection against taxpayer-funded bailouts.”Financial CHOICE aims to end taxpayer-funded bailouts of big banks, impose tougher penalties for financial fraud and insider trading, and demand greater accountability from regulators.The CHOICE act announcement came alongside the tax reform plan announcement, which called for a reduction of corporate taxes down to 15 percent, cutting the top tax bracket down to 35 percent, and doubling the standard deduction. Mnuchin called the reform the “The biggest tax cut and largest tax reform in history of this country.”According to Mnuchin, the tax reform and Financial CHOICE Act are steps to strengthen the financial system.“I applaud the steady commitment and leadership that Chairman Hensarling and his colleagues have provided on these issues, and welcome the reintroduction of the CHOICE Act,” said Mnuchin “While I continue my work to implement the President’s executive order setting the core principles for financial regulation, I look forward to working with Congress to both support and strengthen our financial system and safeguard taxpayers.”This Week’s ScheduleMBA Mortgage Applications, Wednesday, 7 a.m. ESTLegal League 100 Spring Summit, Wednesday, 7:30 a.m. CSTFive Star Diversity Symposium, Thursday, 9 a.m. CSTFreddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. ESTSenate Banking Committee Hearing: Status of the Housing Finance System, Thursday, 10 a.m. ESTUniversity of Michigan Consumer Sentiment Survey Friday 10 a.m. EST The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Choosing Real Estate Agents With an Investment Edge

first_imgSign up for DS News Daily Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Investment, News Tagged with: Foreclosure Investment Sales Data Provider Black Knight to Acquire Top of Mind 2 days ago Foreclosure Investment Sales 2019-06-13 Seth Welborn Share Save Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles  Print This Post Home / Daily Dose / Choosing Real Estate Agents With an Investment Edge Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn June 13, 2019 1,576 Views Servicers Navigate the Post-Pandemic World 2 days ago Choosing Real Estate Agents With an Investment Edge Previous: Equifax and FICO Partnership: Industry Impact Next: Texas Governor Signs $1.6B Hurricane Harvey Relief Bill The Best Markets For Residential Property Investors 2 days ago Though the multiple listing service (MLS) can be a great asset for investors, sometimes, a good investor-friendly real estate agent is the way to go. In a post on Forbes, Mark Ferguson, Owner/Managing Broker of Blue Steel Real Estate and President of InvestFourMore discussed how investors can narrow down potential real estate agents when shopping for investment properties.Using the MLS is often considered tone the best methods for investors, especially seasoned ones looking for foreclosure properties. In another post on Forbes, Chris McAllister, Founder of Real Estate Brands Ltd. called MLS the best method when looking for foreclosure properties,  noting that through MLS, investors can find postings from all the major government players including the Department of Housing and Urban Development (HUD), Fannie Mae and Freddie Mac, as well as properties from investment firms looking to sell properties they purchased as part of pool sales will list with local real estate firms.The MLS, Ferguson note, are great for real estate agents, like himself, but for those without agent connections, finding a good deal with MLS alone may be difficult. A good, investment-friendly real estate agent will be someone “who is competent at their job, has time to focus on your needs and can act very quickly.”“In fact, the agent does not even need to have any investing experience or have a ton of real estate experience, either,” said Ferguson. “Sometimes, new agents with a lot of time and drive are the best for investors.”A real estate agent isn’t going to be the one to give you investment advice, so they do not need to be fluent in investment. A good agent just needs to be that: a good real estate agent. They need to show up on time, return calls, understand market values, and understand basic questions.last_img read more

Investment Update: Low-Tier Rents Outpacing High-Tier Homes

first_img  Print This Post Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: FHFA Issues Guidance on Refinances, Purchases While in Forbearance Next: Update on CARES Act and Liquidity About Author: Seth Welborn Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago U.S. single-family rents increased 3% year over year in March 2020, the same rate of increase as March 2019, according to the CoreLogic Single-Family Rent Index (SFRI). The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. Single-family rents were on the rise in early 2020 prior to the COVID-19 outbreak, having increased by an average of 3.1% year over year for the first three months of the year. Impacts from state and local shutdowns on the rental market will be apparent in the coming months.Using the rent index to analyze specific price tiers reveals important differences in rent growth. Figure 1 shows that the index’s overall growth in March 2020 was propped up by low-end rentals, defined as properties with rents 75% or less of the median rent of the metro area. Rents on low-tier rental homes increased 3.9% year over year and rents for high-tier homes, defined as properties with rents more than 125% of the metro-area median rent, increased 2.7% year over year. Rents for low-tier homes have been outpacing than those of high-tier homes since April 2014, and while the difference in these growth rates has narrowed over time, it widened again in March 2020.Rent growth varies significantly across metro areas. Figure 2 shows the year-over-year change in the rental index for 20 large metropolitan areas in March 2020. Phoenix had the highest year-over-year rent growth this March as it has since late 2018, with an increase of 6.8%, followed by Seattle (+6.2%) and Tucson (+5.3%). While none of the 20 metro areas showed decreases in rent, both Philadelphia and Honolulu recorded sub-1% growth in March. Philadelphia also had the largest deceleration in rent growth in March, showing annual rent growth of 3 percentage points lower than in March 2019. Seattle had the largest acceleration in rent growth in March, with rents increasing 5 percentage points faster than in March 2019. Employment gains turned negative in four of the 20 metros tracked in the report in March, a trend that will soon reach the remaining metros, likely impacting single-family rental prices. Home / Daily Dose / Investment Update: Low-Tier Rents Outpacing High-Tier Homes Share Save The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img May 19, 2020 1,016 Views Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Investment, News Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Investment Update: Low-Tier Rents Outpacing High-Tier Homes Tagged with: Investment Rental Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Investment Rental 2020-05-19 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days agolast_img read more

DS5: The Challenges of Exiting Forbearance

first_img Share Save Demand Propels Home Prices Upward 2 days ago Previous: The Democratization of Distressed Property Buyers Next: Foreclosures’ Far-Reaching Implications June 23, 2020 1,225 Views Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. The latest episode of DS5: Inside the Industry features a conversation with Paul Nagai, the Managing Director of the Antares Company.He will delve into the challenges homeowners face exiting forbearance plans and how COVID-19 could change the mortgage industry.Nagi has 25 years’ experience in financial services, previously working for Ernst and Young, JPMorgan Chase, and Accenture.   At JPMorgan Chase, Paul led an operating strategy and product management team, responsible for residential mortgage loss mitigation products and capabilities within the home lending division. You watch the interview below in the embed or at the following link.  DS5: The Challenges of Exiting Forbearance in Daily Dose, Featured, Media, News, Webcasts About Author: Mike Albanese Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago  Print This Post Home / Daily Dose / DS5: The Challenges of Exiting Forbearance The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago 2020-06-23 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

MEP says Donegal will reap the benefits of 200 million Euro PEACE fund

first_img Previous articleBundoran RNLI called to assist pleasure craft at MullaghmoreNext articleFailte Ireland says Donegal can improve on 10% tourism growth in 2013 News Highland Calls for maternity restrictions to be lifted at LUH News Facebook Google+ LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton By News Highland – January 20, 2014 It has been confirmed that the PEACE programme for the Border Counties and Northern Ireland will have a total budget of EUR 200 million for 2014.The purpose of the Programme is to reinforce progress towards a peaceful and stable society in the Border Region and Northern Ireland and to promote reconciliation by assisting projects which help to reconcile communities and contribute towards a shared society.The allocation has been welcomed by Northwest MEP Pat the Cope Gallagher – he says there were fears that funding for the programme would be cut, but they have now been eased:[podcast]http://www.highlandradio.com/wp-content/uploads/2014/01/copeEUFUND.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter Facebookcenter_img Three factors driving Donegal housing market – Robinson Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey WhatsApp Pinterest Guidelines for reopening of hospitality sector published Twitter MEP says Donegal will reap the benefits of 200 million Euro PEACE fund Google+last_img read more

Donegal Manager takes up part-time role as coach with Celtic

first_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Donegal Manager takes up part-time role as coach with Celtic Previous articleSDLP conference to give full backing to Malin Head campaignNext articleWitness who withheld evidence in William McKeeney murder trial jailed News Highland Pinterest WhatsApp WhatsApp Pinterest Google+ Twitter Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+center_img Facebook Facebook News RELATED ARTICLESMORE FROM AUTHOR Donegal football manager Jim McGuinness has been appointed as a performance consultant with Celtic soccer club, however, he will also remain in charge of the All-Ireland champions.Celtic released a statement this morning stating that McGuinness had joined the Glasgow club.He will be based at Lennoxtown and will help in the development of the club’s young players; he will commence his role at the end of November.Former All Ireland winner with Donegal and Highland Radio GAA pundit Martin McHugh says the move to Celtic can actually be an advantage to Donegal:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/mchugh.mp3[/podcast] Almost 10,000 appointments cancelled in Saolta Hospital Group this week By News Highland – November 9, 2012 Twitter Calls for maternity restrictions to be lifted at LUH Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

75 jobs to go at Donegal Meats

first_img LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton 75 jobs to go at Donegal Meats Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp Facebook RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Need for issues with Mica redress scheme to be addressed raised in Seanad also Minister McConalogue says he is working to improve fishing quota Newsx Adverts Twitter Google+center_img Pinterest Twitter Facebook Pinterest Previous articleAltan named as “musicians in residence” at seven West Donegal secondary schoolsNext articleDetails of Clooney education campus unveiled in Derry News Highland The Donegal Meats Plant in Carrigans is to relocate its boning hall to one of the company’s plants in Northern Ireland, with the loss of up to 75 jobs.It’s anticipated the move will be complete within eight weeks. Siptu’s Donegal Secretary Martin O’Rourkesays this is a regretable move, as the skills of the Polish and Brazilian workers at the plant could be lost to the county, and that does not auger well for the future. By News Highland – February 18, 2010 WhatsApp Google+ 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Reportlast_img read more

Bruton pledges to implement a development strategy for the border region

first_img WhatsApp Facebook RELATED ARTICLESMORE FROM AUTHOR Twitter WhatsApp Homepage BannerNews Pinterest By News Highland – January 29, 2015 Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Twitter Dail to vote later on extending emergency Covid powers center_img Pinterest PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Dail hears questions over design, funding and operation of Mica redress scheme Minister Richard BrutonJobs Minister Richard Bruton is promising a special focus on jobs in the border region for the coming year, saying that a corner has been turned and the government intends building on that success.An advance factory nearing completion in Letterkenny will be one of the priorities of that focus.Mr Bruton says there were 30,000 job losses between 2008 and 2010, but the situation is improving…….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/01/brutonborder.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Google+ Man arrested in Derry on suspicion of drugs and criminal property offences released HSE warns of ‘widespread cancellations’ of appointments next week Previous articleStrabane Courthouse pinpointed for closureNext articleMcIlroy two off the pace in Dubai News Highland Bruton pledges to implement a development strategy for the border region Google+last_img read more

Three people charged with drug offences in Derry

first_img Facebook Three people charged with drug offences in Derry Gardai continue to investigate Kilmacrennan fire RELATED ARTICLESMORE FROM AUTHOR Twitter 75 positive cases of Covid confirmed in North WhatsApp WhatsApp Google+ By News Highland – October 15, 2014 Google+ Twittercenter_img 365 additional cases of Covid-19 in Republic Pinterest Facebook Three people have been charged with drugs offences over the seizure of £125,000 worth of cocaine and herbal cannabis in Derry in June.The three – a 44-year-old woman and two men aged 30 and 40 – are due to appear in court this afternoon.A 42-year-old man also arrested over the find has been released pending a report to the PPS.Five other men arrested in Belfast, Newtownards and Manchester as part of the investigation remain in custody.Police said 10 searches had been carried out at locations including Manchester, Derry, Belfast, Newry and Newtownards.Documents, cash, phones, jewellery and small quantities of suspected drugs have been seized.Detectives from the Organised Crime Branch worked with police from Greater Manchester, the National Crime Agency, the North West Regional Organised Crime Unit and Police Scotland on the investigation. Further drop in people receiving PUP in Donegal Man arrested on suspicion of drugs and criminal property offences in Derry Main Evening News, Sport and Obituaries Tuesday May 25th Previous articlePaddy Carr nominated for Donegal manager’s postNext articleMan stabbed in Sligo Town News Highland Pinterest Newslast_img read more