628,814
Actually the mortgage crisis originated from the Clinton administration and the pressure to promote affordable housing. Dodd - Frank was the over regulation result of that, w/ the always unintended consequences of the feel good legislation. Looks like things are heading in the right direction.
-
Candice A. Donofrio
Fort Mohave, AZ
-
Susan Haughton
Alexandria, VA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Kevin J. May
Hobe Sound, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Buzz Mackintosh
Frederick, MD
-
John Juarez
Fremont, CA
-
Bob "RealMan" Timm
Minot, ND
-
Lyn Sims
Schaumburg, IL
-
Greg Large
Grove City, OH
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Debra Leisek
Homer, AK
-
Fred Griffin Florida R...
Tallahassee, FL
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
-
Debe Maxwell, CRS
Charlotte, NC
3,988,007
Great news. That law was burdensome and over the top. Congress has no business passes policies they know nothing about.
-
Susan Haughton
Alexandria, VA
-
Kevin J. May
Hobe Sound, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Debra Leisek
Homer, AK
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Buzz Mackintosh
Frederick, MD
-
Michael Jacobs
Pasadena, CA
-
Diana Dahlberg
Pleasant Prairie, WI
2,684,109
Unfortunately, it stops short of repealing the entire accursed Act.
President Trump will sign it this week, sources say.
-
Susan Haughton
Alexandria, VA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Kevin J. May
Hobe Sound, FL
-
Buzz Mackintosh
Frederick, MD
-
Debra Leisek
Homer, AK
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob "RealMan" Timm
Minot, ND
5,583,278
let's hope it's not the first step back to the loosey-goosey days.... the no money down king is in the white house.... although, no doc programs would be a great help to the self employed....
-
Mary Yonkers
Erie, PA
-
Nancy Robinson Ranked ...
Royal Oak, MI
-
Bob "RealMan" Timm
Minot, ND
-
Bob Crane
Stevens Point, WI
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
5,230,113
I think it's great news and I don't think it's going to give complete 'freedom' again. I am confident that the president will sign.
-
Susan Haughton
Alexandria, VA
-
Kevin J. May
Hobe Sound, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Bob "RealMan" Timm
Minot, ND
-
Lyn Sims
Schaumburg, IL
-
Fred Griffin Florida R...
Tallahassee, FL
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
679,404
Only time will tell ... I am optimistic.
-
Susan Haughton
Alexandria, VA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,104,931
First, I wished it had been totally repealed. But even this rollback affects only a small portion of banks. That being said, any rollback of this idiotic law is good in my book. Everytime a client complains to me about something they have to do as a result of Dodd-Frank... I suggest to them they send a note of thanks to Messrs. Dodd and Frank.
-
Susan Haughton
Alexandria, VA
-
Debra Leisek
Homer, AK
-
Kevin J. May
Hobe Sound, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
883,732
Dodd Frank did more to crush the small banks and make the big banks bigger with layers of regulations small banks could not keep up with. Many small banks were bought up by the big banks. CFPA with the regulations like TRID and some of the ridiculous things they did to protect the consumer only cost the consumer more money and did nothing to protect them. Appraisal cost rose because of the third party fees so consumer paid more appraiser made less but had more legalities and now we are finding an appraisal shortage because they are tired of dealing with it. it is just a big bureaucratic red tape mess made up by people who have no clue what they are doing... there are many more examples of how harmful Dodd Frank and CPFA... too many to name them all...
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Susan Haughton
Alexandria, VA
-
Bob Crane
Stevens Point, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
-
Nina Hollander, Broker
Charlotte, NC
86,514
Considering who's in the White House and how he ran his real estate "empire" I wouldn't be surprised to start seeing, "pick-a-payment" plans, Negative Amortization, "fog a mirror loans" but on a more disturbing level the big picture could be dramatically altered. Hey, the crooks who brought us the big short never got prosecuted, were bailed out and are still in business.
-
Bob Crane
Stevens Point, WI
-
Nancy Robinson Ranked ...
Royal Oak, MI
-
Joseph Domino 480-390-...
Scottsdale, AZ
-
PropertyMinder (Accele...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Diana Dahlberg
Pleasant Prairie, WI
1,239,901
Cheers to smaller banks ($250B).
-
Debra Leisek
Homer, AK
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob "RealMan" Timm
Minot, ND
7,836,169
To little.
-
Nina Hollander, Broker
Charlotte, NC
-
Debra Leisek
Homer, AK
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
5,772,575
Caroline,
I need to read your link and be better informed. A
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob "RealMan" Timm
Minot, ND
-
PropertyMinder (Accele...
San Jose, CA
417,221
here are the points I see summarized by the MBA
- loan officers have 120 days transitional authority to originate when moving to a non-bank (or across state lines)
- HVCRE rule, clarifying which acquisition, development or construction (ADC) loans are subject to a higher HVCRE risk weight, and aligns the rule with reasonable and responsible ADC lending practices.
- Reforms to the VA Interest Rate Reduction Refinance Loan program to reduce excessively fast prepays which raised FHA/VA rates;
- “PACE” or HERO or Clean energy loans subject to TILA consumer protections; (big fraud in this arena)
- certain small lenders from HMDA (500 loans per year) less restrictions
- eliminate CD re-disclosure and 3 days wait time when rates go down
-
Debra Leisek
Homer, AK
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Susan Haughton
Alexandria, VA
-
Bob Crane
Stevens Point, WI
3,416,038
I think it is a good to start to repeal the over regulation which was their answer to a free for all.
-
Susan Haughton
Alexandria, VA
-
Bob Crane
Stevens Point, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
5,216,409
The only benefit of Dodd-Frank was Frank retired but at our expense. His contribution a bad law and his hand in our pocket! Sign the rollback! Can we get his retiremnet benfits back?
-
Susan Haughton
Alexandria, VA
-
Bob Crane
Stevens Point, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
6,393,609
He would be more likely to sign it if it opened things up for all the big donors.
-
Bob Crane
Stevens Point, WI
-
Nancy Robinson Ranked ...
Royal Oak, MI
-
PropertyMinder (Accele...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
2,390,620
It's a step in the right direction. I'm glad both sides can work together for the betterment of the people.
-
Susan Haughton
Alexandria, VA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
140,560
so long sucka!
-
Debra Leisek
Homer, AK
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Bob "RealMan" Timm
Minot, ND
399,703
Not sure... *investigates further* - Tim
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
4,572,283
Hmm...more interesting developments.
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob "RealMan" Timm
Minot, ND
-
PropertyMinder (Accele...
San Jose, CA
900,128
Bad move. Tighten your seatbelts.
-
Bob Crane
Stevens Point, WI
-
Nancy Robinson Ranked ...
Royal Oak, MI
-
PropertyMinder (Accele...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
48,167
Hmm, I thought that was put in place to help protect the consumer from get rich quick predators. Grab your hat, it's going to be a bumpy ride.
-
Bob Crane
Stevens Point, WI
-
Nancy Robinson Ranked ...
Royal Oak, MI
-
PropertyMinder (Accele...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
1,844,301
Some things were bad, some were good. Most things did not help the process for the consumers.
-
Bob Crane
Stevens Point, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
3,626,530
It's about time
-
Susan Haughton
Alexandria, VA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
5,049,455
Not sure I can provide an intelligent response. Need to know more and think on it.
-
PropertyMinder (Accele...
San Jose, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
482,547
I'm not sure of it overall, but it seems like a step in the right direction.
Just my 2 cents...
Bruce
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Jill Murty, Realtor - ...
Laguna Niguel, CA
-
Michael Jacobs
Pasadena, CA
1,502,998
Less regulation is always a good thing!
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
-
Susan Haughton
Alexandria, VA
1,311,397
A positive development. I expect that the President will sign the bill.
-
Bob Crane
Stevens Point, WI
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
3,071,489
Debe Maxwell, CRS nailed this one!
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
4,800,082
Time will tell. But, I fear we are getting dangerously close to repeating past mistakes.
-
Bob Crane
Stevens Point, WI
-
PropertyMinder (Accele...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
577,750
I'm not sure what that is.. I tried clicking on the link, but it is not functional.
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
544,014
And the pendulum now swings the other way
-
Bob Crane
Stevens Point, WI
-
PropertyMinder (Accele...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
3,986,258
Sounds like a problem in the future a making
-
Bob Crane
Stevens Point, WI
-
PropertyMinder (Accele...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
763,883
Our politicians are making sure that the rest of the world will hate our democracy. One party overturns the others and vice versa. Hate has taken over our political system.
-
Bob Crane
Stevens Point, WI
-
Nancy Robinson Ranked ...
Royal Oak, MI
1,076,551
Glad to see some relief but I don't expect it to change much in our industry. Regulations and additional processes are one thing, but it's change and implementing the systems required for the changes that are the real pain points.
-
Candice A. Donofrio
Fort Mohave, AZ
-
Debe Maxwell, CRS
Charlotte, NC
1,153,794
I'm surprised that it took so long! Its implementation was flawed at the start.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob Crane
Stevens Point, WI
3,345,091
I need to read up on this. As others have suggested, it will likely get signed this week.
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
4,319,419
Caroline Gerardo - should help many I am sure.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
1,525,616
I need to get better informed on this issue.
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
2,781,173
2,071,025
1,598,452
4,434,127
4,936,705
255,317
5,868,554