CFPB Accepting Comments on Rural Proposal; Accounting Clarification for Ginnie Servicers; 6% Capital Ratio for Non-Banks?

By Rob Chrisman

Posted To: Pipeline Press

The economy is filled with surprises , and people warning us about them – and us not listening. Every time we fill up our gas tanks we are reminded of oil’s decline. But in 2013, ND had the largest rise in Gross State Product; a staggering 9.7% followed by WY at 7.8%, WV at 5.1%, OK at 4.2% and ID at 4.1%. All but ID are energy-rich states. Do you think the economies in those states won’t be impacted by the precipitous price decline? The worst performing state was AK which contracted by 2.5%, followed by DC which shrank by 0.5%, MD which had no growth, VA that grew by a paltry 0.1% and PA that rose by just 0.7%. Saudi Arabia is firm on mortgage laws: no LTV above 70% . How would that impact ownership here? Fannie and Freddie know plenty about high-LTV lending, the difference between offering…(read more)

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