Links in “Lending”
- Looking into Denial Rates for Same-Gender Co-Applicants
While HMDA does not survey for sexual orientation, a look at same-sex co-applicants reveals higher denial rates than for mixed-sex couples with a male as the primary applicant. [6/10/14]
- Payday Lenders Fight Back
Claiming that Operation Choke Point unfairly targets payday lenders by applying back-room pressure on banks to not service them, the main payday lending trade group has sued banking regulators. [6/9/14]
- Obama to Lend a Hand on Student Loans
President Obama announced on Saturday that he âwill keep doing whatever [he] can without Congress to help responsible young people pay off their loans.â Today we will find out just what he has in mind. [6/9/14]
- Bigger Isnât Always Better
Residential mortgage loan lenders are increasingly willing to explore ways to loan money outside of the âqualified mortgageâ arena. What is one way they can do this? Jumbo loans. [6/9/14]
- Student Loan Debt: Will the Backlash Create Bigger Problems?
In hearings before the Senate, much was made of the potential impact of student loan debt on the rest of the economy, but not much was provided in way of supporting data. Also not addressed were the ramifications of proposed legislation to address student loan debt on taxpayers and the economy as a whole. [6/9/14]
- New Compliance Head at Fed
The Federal Reserve has appointed Eric Belsky, currently director at Harvard's Joint Center for Housing Studies, to oversee compliance with consumer protection and fair lending laws. [6/9/14]
- Bill Would Allow Borrowers to Refinance Student Loans
CFPB's Chopra testifies in Senate hearing that the country's $1.2 trillion debt is hampering the economy. Democrats have introduced a bill that would allow borrowers to refinance student loans at current interest rates, similar to refinancing a mortgage. [6/5]
- Student Loans in the Spotlight: 2 Senate Hearings Today
Today, both the Senate Budget Committee and a Senate Banking subcommittee will be scrutinizing student loans. [6/4]
- NCUA Quarterly Report Shows Continued Growth
Despite declines in mortgage originations, the industry is seeing growth in membership and with other types of loans. On the other hand, credit unions are increasing their long-term investments, which may cause concerns with interest rate risk as rates continue to rise. [6/4]
- Building an Effective Lending Program
On Tuesday, the Federal Reserve announced a new schedule of margins applicable for collateral pledged by depository institutions to secure discount window loans and for payment system risk purposes. [6/4]
