You Own It! Congratulations to the Democrats and Young People! You now own it and you can’t blame Bush. The next terrorist attack you own it. Can’t get a job after graduation, you own it. Sky rocketing energy prices due to Obama’s EPA shutting down the energy producing states, you own it. A nuclear Iran, […]
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October 24, 2012
It appears the Consumer Financial Protection Bureau has become Big Brother, watching small banks and mortgage lenders/brokers. Why doesn’t the government understand that all of the rules and regulations it puts in place that require investment in programming, software, and training will end up costing the end consumer in higher fees and mortgage payments? It […]
October 2, 2012
In recent months, title insurance agencies across the country have received notification from several lenders explaining that, according to Bulletin 2012-03 issued April 13, 2012 by the Consumer Financial Protection Bureau (CFPB), they must be vetted through a third party risk management firm prior to wiring proceeds and obtaining clearance to close. This vetting is […]
September 18, 2012
This is insanity! A lender rejected an appraisal under the Equal Credit Opportunity Act because there was a black cat in two of the photos. Are you kidding me?
September 15, 2012
We’ve seen this movie before!
July 14, 2012
If this doesn’t make you crazy, then I don’t know what will! And I seriously doubt that the banks will have to pay anything or suffer any consequences for continuing to manipulate the currency for their own benefit. If you think we have hit rock bottom, think again. The worst is yet to come in […]
June 19, 2012
President Obama appointed Richard Cordray to head the Consumer Financial Protection Bureau in a recess appointment. But was it legal? Think Big Work Small (TBWS Daily) lays out the facts here. The CFPB was created in the Dodd Frank Bill and answers to the Federal Reserve, which is not a government entity.
May 31, 2012
From Think Big Work Small – Wells Fargo settled for $400 million for REVERSE REDLINING! This is what is wrong with the housing/lending market. Banks and lenders have historically lent money setting an interest rate based on risk. This is good business. The case against Wells Fargo was erroneous, since African Americans constituted a majority […]