- Don't Make DeMarco a Scapegoat for the Housing Mess
(Bloomberg) -- Nine state attorneys general have just asked President Obama to fire Edward DeMarco, acting head of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac. They say: "FHFA's refusal to adjust its policies to allow for principal forgiveness and forbearance stands as a major impediment to addressing the foreclosure crisis."
- More Regulations, Fewer Community Banks Due to Dodd-Frank
(The Committee on Financial Services) Nearly three years after the enactment of the Dodd-Frank Act, community banks continue to struggle with navigating the confusing, complex, voluminous, and harmful rules and regulations of this law according to a recent report from the Federal Deposit Insurance Corporation (FDIC) reviewed at today’s Financial Institutions Subcommittee hearing.
- Seven Habits of Highly Successful Loan Officers
This is the first article in a series written by Ralph Lovuolo and Kabir Mahadeva, inspired by Steven Covey’s book The Seven Habits of Highly Successful People. We believe that highly successful loan officers have the self-discipline to repeat certain behaviors until they become habits. If you learn these and follow them on a daily basis, you will achieve success beyond your expectations. This series deals with fundamentals, requiring only your self-discipline, a pen and paper, and your desire to become a highly successful loan officer.