Ready or not, CRA modernization is at the door
Ready or not, CRA modernization is at the door
Banks could receive many more failing grades from regulators under a proposed overhaul of the Community Reinvestment Act (CRA)
The post Ready or not, CRA modernization is at the door appeared first on HousingWire.
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Banks could receive many more failing grades from regulators under a proposed overhaul of the Community Reinvestment Act (CRA)
The post Ready or not, CRA modernization is at the door appeared first on HousingWire.
Banks could receive many more failing grades from regulators under a proposed overhaul of the Community Reinvestment Act (CRA)
The post Ready or not, CRA modernization is at the door appeared first on HousingWire.
Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes. Here's a breakdown of their comments.
The post Banking agencies get deluge of feedback on CRA proposal appeared first on HousingWire.
Stakeholders on all sides of the issues sounded off on the proposed changes to the federal redlining statute in comments to the banking agencies marshaling the changes. Here's a breakdown of their comments.
The post Banking agencies get deluge of feedback on CRA proposal appeared first on HousingWire.
An honest assessment of CRA is that it has not been effective when it comes to bank mortgage lending.ย So why would we extend it to IMBs?
The post Opinion: CRA doesnโt work for banks or IMBs appeared first on HousingWire.
An honest assessment of CRA is that it has not been effective when it comes to bank mortgage lending.ย So why would we extend it to IMBs?
The post Opinion: CRA doesnโt work for banks or IMBs appeared first on HousingWire.
The central bank has a long history of diluting the effectiveness of the Community Reinvestment Act.
The central bank has a long history of diluting the effectiveness of the Community Reinvestment Act.
The Community Reinvestment Act is about to undergo its first significant modification since 1995. A notice of proposed rulemaking was recently issued by the three federal agencies responsible for CRA enforcement โ the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and the Federal Reserve. Here are three issues that should be addressed in the new rule. Some of these issues have been noted and emphasized by some observers. Others have been virtually ignored. But ...
The Community Reinvestment Act is about to undergo its first significant modification since 1995. A notice of proposed rulemaking was recently issued by the three federal agencies responsible for CRA enforcement โ the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and the Federal Reserve. Here are three issues that should be addressed in the new rule. Some of these issues have been noted and emphasized by some observers. Others have been virtually ignored. But ...
Top officials of the OCC, Treasury and FDIC appeared together at an in-person event on Friday, and they were aligned on the biggest revision to the Community Reinvestment Act in decades. But some say the revision represents a "missed opportunity."
The post Regulators aligned on โonce in a generationโ CRA rewrite appeared first on HousingWire.
Top officials of the OCC, Treasury and FDIC appeared together at an in-person event on Friday, and they were aligned on the biggest revision to the Community Reinvestment Act in decades. But some say the revision represents a "missed opportunity."
The post Regulators aligned on โonce in a generationโ CRA rewrite appeared first on HousingWire.
Finally, the spooky season is upon us, which means itโs time to start queuing up your fave horror films for an annual scare-fest. And, if youโre looking for new movies to add to your queue and havenโt managed to catchย Ready or Notย yet, let me be the first to recommend that you do. โAt Midnight, you have to play a gameโฆโ When Grace (Samara Weaving โย Guns Akimbo,ย The Babysitter, Snake Eyes) marries Alex (played by Mark OโBrien โย Arrival, Marriage Story, City On A Hill) at h...
Finally, the spooky season is upon us, which means itโs time to start queuing up your fave horror films for an annual scare-fest. And, if youโre looking for new movies to add to your queue and havenโt managed to catchย Ready or Notย yet, let me be the first to recommend that you do. โAt Midnight, you have to play a gameโฆโ When Grace (Samara Weaving โย Guns Akimbo,ย The Babysitter, Snake Eyes) marries Alex (played by Mark OโBrien โย Arrival, Marriage Story, City On A Hill) at h...
The Community Reinvestment Act was enacted in 1977 โto address inequities in access to credit for low- and moderate-income individuals and communities.โ The law should be repealed and replaced. Like hanging a crystal chandelier in a lean-to shack, any efforts to revise the law are a waste of time. This especially includes efforts proposed by the Federal Reserve Board โto strengthen the achievement of the core purpose of the statute, and to adapt to changes in the banking industry, includi...
The Community Reinvestment Act was enacted in 1977 โto address inequities in access to credit for low- and moderate-income individuals and communities.โ The law should be repealed and replaced. Like hanging a crystal chandelier in a lean-to shack, any efforts to revise the law are a waste of time. This especially includes efforts proposed by the Federal Reserve Board โto strengthen the achievement of the core purpose of the statute, and to adapt to changes in the banking industry, includi...
Bank trade groups say that it is beyond the scope of the CFPB's authority for it to be involved in the decision making process of a merger
The post Bank groups: CFPB should keep nose out of bank mergers appeared first on HousingWire.
Bank trade groups say that it is beyond the scope of the CFPB's authority for it to be involved in the decision making process of a merger
The post Bank groups: CFPB should keep nose out of bank mergers appeared first on HousingWire.
Fact: ย Real estate teams have been around for 30 years! ย Teams are all the rage right now, but should you have one? As a broker, should you encourage teams? ย You'll be surprised at the reasonย why you shouldn't! ย From the profits to the pitfalls, how teams fair in changing markets, to what it can do for your motivation and your mood.ย ย In our multi-part series, we'll breakdown the pluses and minuses to having a team or flying solo. ย
Request Info About Our Coaching ProgramsVisit Tim & Juli...
Fact: ย Real estate teams have been around for 30 years! ย Teams are all the rage right now, but should you have one? As a broker, should you encourage teams? ย You'll be surprised at the reasonย why you shouldn't! ย From the profits to the pitfalls, how teams fair in changing markets, to what it can do for your motivation and your mood.ย ย In our multi-part series, we'll breakdown the pluses and minuses to having a team or flying solo. ย
Request Info About Our Coaching ProgramsVisit Tim & Juli...