• U.S. Senate approves bill rewriting post-crisis bank rules

    6 monthes ago - By Reuters

    WASHINGTON - The U.S. Senate voted 67 to 31 on Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the 2007-2009 global financial crisis.
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  • NAR says Dodd-Frank Reform bill would be good for housing

    6 monthes ago - By Inman

    “Fannie Mae and Freddie Mac are the largest mortgage purchasers in the nation, but they rely on credit score models that do not take into account factors as simple as whether borrowers have paid their rent or utility bills on time,” wrote NAR President Elizabeth Mendenhall in the letter. “New credit scoring models that incorporate additional predictive metrics and payment history will open homeownership opportunities for many minority and underserved borrowers who lack access to traditional forms of credit.” ...
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