Friday, November 17, 2017

[Video] Sen. Warren on the fate of the CPFB

Interesting enough, this weeks marks the seven-year anniversary of when Sen. Elizabeth Warren, D-Mass., called Consumer Financial Bureau Protection Director Richard Cordray to come to Washington D.C. and run the newly created agency. In this video, Warren weighs in on the discussion of Cordray leaving the bureau.

Senate Finance Committee just passed its own, major tax overhaul

After a week of marking up its tax reform plan, the Senate Finance Committee passed the bill, sending it to the full Senate to vote on. The bill will keep the current mortgage interest deduction cap at $1 million, however has drawn fire from the housing industry for doubling the standard deduction.

HUD gives $5 billion for Hurricane Harvey recovery efforts in Texas

Department of Housing and Urban Development Deputy Secretary Pam Patenaude and Texas Gov. Greg Abbott announced Friday that HUD is providing more than $5 billion to the state of Texas to be used for the recovery efforts from Hurricane Harvey.

Blockchain expert: The future of fintech and innovation in mortgage finance

[Expert commentary] Continue the Climb – the theme of the 2017 ComplianceEase Risk and Compliance Summit – was very appropriate given the regulatory climate and lightning speed at which technology has been and will continue to morph the mortgage industry. Here are the key takeaways from the conference.

Housing industry disappointed in House for passing tax reform bill

The House of Representatives passed its Tax Cuts and Jobs Act, sending it to the Senate, and now the industry is expressing its disappointment. However, as one expert points out, the fight isn’t over yet.

Ohio Dems bank on Richard Cordray running for governor

Though Consumer Financial Protection Bureau Director Richard Cordray has remained mum on a possible run for Ohio governor, Democrats in the state are already banking on him running. While some publications focused on the news of Cordray stepping down from his position on Wednesday, Ohio news publications all but confirmed that Cordray will run for Ohio governor.

Built raises $21 million, aims to revolutionize construction lending

Built, a provider of construction lending automation software and a 2017 HW Tech100 honoree as one of the top technology companies in the housing industry, announced this week that it raised $21 million that it plans to use to “transform” the construction lending industry.