Friday, November 17, 2017
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.
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.
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.
[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.
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.
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, 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.