Tag Archives: dodd/frank

This bill is working its way through the legislature.

As passed, the bill would wind down Fannie Mae and Freddie Mac within five years, replace them with a “public utility” to oversee the creation and maintenance of a single platform for the private sale of mortgages and end all federal guarantees. It also would reduce the mortgage insurance coverage provided by the Federal Housing Administration to only 50% of the mortgage being insured and re-target the FHA to serve first-time and low-income homebuyers.

ABA Dodd-Frank Tracker: House Panel Approves Hensarling Housing Bill.

What do you think the impact will be if this bill passes?

Title Insurance Issues

CFPB Finalizes Procedures for Supervising Nonbanks Engaged in Risky Conduct| Ballard Spahr

July 2, 2013 admin

This may have a significant effect on the title business –

CFPB Finalizes Procedures for Supervising Nonbanks Engaged in Risky Conduct| Ballard Spahr.

Title Insurance Issues

Being responsible for your independent contractor’s fraud – Lexology

May 13, 2013 admin

I found this interesting. Is this not the issue Dodd/Frank is trying to address in making financial institutions responsible for their 3rd party vendors? It seems if or when it gets tested in the courts, there will be precedent in this case.

Being responsible for your independent contractor’s fraud – Lexology.