MReport March 2020

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 65 of 67

64 | TH E M R EP O RT FINAL THOUGHTS The Good and the Bad Sparring lawmakers, the impact of natural disasters, and a new initiative from HUD are just some of the hot topic issues being discussed in the industry this month. "You've decided you will work with no one." Maxinxe Waters (D-California), Chairwoman of the House Financial Services Committee, on a proposal from Joseph Otting, Comptroller of the Currency, to update the Community Reinvestment Act. "major policy mistake" The AEI housing center said the removal of the debt-to-income ratio in favor of the Average Prime Offer Rate could be a dangerous move. "we think this is right" Goldman Sachs CEO David Solomon announced the company will no longer be accepting initial public offerings in the U.S. if the company lacks any female or diverse directors. "there is progress to be made" Congresswoman Joyce Beatty (D-Ohio) said there is still work to be done in diversity and inclusion for the nation;s largest banks following a hearing on a new report to the House Financial Services Committee. "alleviate the unnecessary regulatory barriers" HUD Secretary Dr. Benjamin Carson said the Department's Driving Affordable Housing Across America tour aims to boost the availability of affordable homes across the nation.

Articles in this issue

Archives of this issue

view archives of TheMReport - MReport March 2020