Archive for October, 2009
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Oct 28, 2009
No CommentsLoan Modifications – The Next Fair Lending Frontier
By Edward Kramer, Executive VP, Regulatory Programs As U.S. mortgage servicers ramp up their loan modification efforts to help slow the exploding number of home foreclosures, the primary focus on doing so is mitigating financial losses for both the financial institution and borrower. However, the Treasury Department recently issued guidelines reinforcing the importance of compliance...
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Oct 23, 2009
No CommentsMore, or Less Consumer Regulation? More!
By Edward B. Kramer, Executive VP, Regulatory Programs As we all know by now, the House Financial Services Committee voted 39 to 29 on Thursday to approve legislation to create a consumer financial protection agency, a key priority in the Obama administration’s regulatory reform plan. The bill would remove from the federal banking and thrift agencies...
