CFPB amends commentary on adjustments to Reg Z, Reg M, higher-priced mortgage loan appraisal exemption thresholds; makes no changes to 2017 exemption thresholds

Posted November 29, 2016 / No comments

Barbara S. Mishkin The CFPB has adopted changes to its Reg Z commentary to memorialize the calculation method used each year to adjust the thresholds for exempt consumer credit transactions and for transactions exempt from the special appraisal requirements for higher-priced mortgage loans and to its Reg M commentary to memorialize the calculation method used

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PHH handed next move in battle with CFPB

Posted November 28, 2016 / No comments

There’s not exact date on when the battle between PHH and the CFPB will be over. But here’s what we do know: the next move belongs to PHH. A 15-day countdown for PHH to file a response to the CFPB appealing the U.S. Court of Appeals for the District of Columbia Circuit ruling officially started

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Bernanke tells Fed officials to clam up

Posted November 28, 2016 / No comments

Former Fed Chairman Ben Bernanke says U.S. central bankers should not talk publicly about what they think the Fed policy committee, as a whole, is going to do….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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Bond Market Carnage: Are US Treasuries Oversold? – Bloomberg Video

Posted November 28, 2016 / No comments

Bloomberg Bond Market Carnage: Are US Treasuries Oversold? Bloomberg Kathleen Gaffney, Eaton Vance Management vice president, discusses the outlook for the U.S. bond market with Bloomberg's Scarlet Fu on "Bloomberg Markets." (Source: Bloomberg). Most Recent Videos. Bond Market Carnage: Are U.S. Treasuries Oversold ……(read more) Forward this article via email:  Send a copy of this story to

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Time to say goodbye to the Federal Funds rate?

Posted November 28, 2016 / No comments

The Fed minutes from Wednesday’s meeting reinforce the possibility of a rate hike in December, however it also shows talk of a change that could be on the way. Federal Open Market Committee members talked in November about the possibility of doing away with the federal-funds rate. Here’s what they suggest could replace it. Source:

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