Tag: finance
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mPower: Addressing Workplace Disruptors
For the first time at a NAWRB Conference, mPower (Mortgage Banker’s Association Promoting Opportunities for Women to Extend their Reach) presented a panel, kicking off our Year of Women with style and substance. NAWRB President and CEO, Desirée Patno introduced MBA COO and Founder of mPower Marcia Davies noting “This is the first time we…
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Beyond Abuse: Finding Our Voice on World Elder Abuse Awareness Day
It started with a phone call from Capital One Financial Corporation on January 14th, 2016. “Ms. Patno, are you the sole owner of Desiree Patno Enterprises, Inc.?” That simple call was how I found out that my husband’s accountant had been dispersing my unsigned business checks illegally, with some going into her personal accounts and…
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CFPB Names Kirsten Sutton Mork Chief of Staff
The Consumer Financial Protection Bureau (CFPB) announced today that Kirsten Sutton Mork has been appointed as its new Chief of Staff. Sutton Mork previously served as Staff Director of the House Financial Services Committee, and has worked on Capitol Hill through the financial crisis and subsequent legislative response.
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Acting Director Mulvaney Announces CFPB Review
Acting Director Mick Mulvaney recently announced a call for evidence and upcoming Requests for Information (RFIs) regarding the Consumer Financial Protection Bureau (CFPB). This public review is meant to ensure that the agency is sufficiently meeting its statutory obligations to protect consumers.
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$10 Million Affordable Housing Challenge
As homeless populations soar, housing inventory drops 10.5 percent in Q3 2017 compared to the same time last year, and home prices continuing to rise, the demand for affordable housing in the U.S. is evident.
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The Fed Increases Interest Rates for Third Time in 2017
The Federal Reserve has raised the federal funds rate for the third time this year, from 1.25 to 1.5 percent. The rate hike is principally based on the expectation from the Fed that the economy will improve next year, and additional rate hikes are expected in 2018.
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mpowering you MBA’s Summit for Women in Real Estate Finance
Nothing says inspiring like 340 women in the real estate finance industry joining together at mPowering You! On October 21st in Denver, Colorado, the Mortgage Bankers Association (MBA) presented mPowering You, an event that will go down in history for this powerful and great organization. “It has never happened at the MBA in our 104-year…
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U.S. Home Prices Continue to Climb
U.S. home prices continued to increase in the third quarter of 2017 by 1.4 percent, according to the Federal Housing Finance Agency’s (FHFA) House Price Index (HPI). The index, which is calculated with home prices from mortgages sold to and guaranteed by Freddie Mac and Fannie Mae, depicts a 6.5 percent uptick from the third…
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FHFA Announces Increased Loan Limits for Freddie and Fannie in 2018
The Federal Housing Finance Agency (FHFA) has announced that it will increase the conforming loan limits for mortgages that can be sold to Fannie Mae and Freddie Mac in 2018. The 2018 maximum conforming loan limit for single-family homes will be $453,100, up from $424,100 in 2017.
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House Passes Bill Helping Entrepreneurs Raise Capital from Friends and Family
The House of Representatives has passed legislation making it easier for entrepreneurs to access capital from their friends and family. With the Micro Offering Safe Harbor Act, private businesses would be able to seek community-based financing of up to $500,000 a year for the purpose of hiring new workers and expanding their business.