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Mojo - January 2014
Mojo - January 2014 If Ohio enacts the bill, it will join a number of other states that have done so in the last year: Arkansas, Colorado, Florida, and Illinois. He "would do well to take time from his fundraising schedule to meet with families in District One and

People in Business for Jan. 19, 2014
He'll provide support and direction to real estate lenders and their assistants in the Livingston, Helena and Bozeman markets. Hennessy has more than 20 years experience in mortgage lending and joined First Interstate two years ago as secondary market 

Will Obama push housing reform in SOTU Not expected this year, but ...
'We would welcome the White House's engagement in the GSE debate, particularly on the issue of bringing private capital back to the secondary mortgage market through ideas such as up front risk sharing,' said Dave Stevens, head of the Mortgage Bankers

New Loan Safeguards Leave Path for Higher-Risk Borrowers
A "For Sale" sign stands in the yard of a single family home in Denver, Colorado. The Read More. A "For Sale" Now, as regulators tighten mortgage rules and big banks resist lending to riskier middle-income Americans, HFAs across the U.S. are

Foreclosed Homes for Sale Perto Rico Vega Baja Casas Reposeidas Vega Baja FNMA Foreclosed Home #P090655. This is a home located in a great area and community. Off state road #2 ...

Driscoll to run for District 1 seat

Patrick Driscoll is one of two candidates vying for the District 1 city council seat after incumbent Bill Hopping decided not to pursue re-election.

Driscoll said he's running to take a different approach to business development.

“City council has been saying no to a lot of things over the past couple years, and I'd like us to start saying yes,” Driscoll said. “I want to let people know Littleton's open for business.”

Driscoll zeroed in on what he sees as key issues.

“The home shortage and affordable home options are high on everybody's list,” Driscoll said. “Also, I want to look at the Santa Fe corridor — not just what the Sterling Ranch buildout will mean, but how should we develop that stretch? How do we enhance or parlay what we did with Breckenridge Brewery to create a place businesses want to move to?”

Driscoll is an account executive for the Paramount Residential Mortgage Group and a member of the Colorado Mortgage Lenders Association. He is also treasurer of the Colorado Association of Mortgage Professionals and a member of St. James Presbyterian Church.

New Rules Would Target Discrimination in Small-Business Lending

Banks could be forced to collect and report data on the small-business loans they approve and reject — including the ethnicity and gender of the business owners — under new rules being crafted by a federal consumer protection agency. Economists and regulators say the data could help identify whether lenders discriminate against minority- or women-owned businesses.

The new rules would aim to “facilitate enforcement of fair lending laws” as directed by Section 1071 of the Dodd-Frank Act. Congress approved the major financial reform legislation in direct response to the last financial crisis.

Mortgage lenders already collect similar data, which help to “shed light on lending patterns that could be discriminatory,” according to the Consumer Financial Protection Bureau, the agency tasked with implementing the reporting changes on small-business lending.

The American Bankers Association and other organizations representing lenders oppose the CFPB’s steps. The ABA has asked Congress to repeal this provision of Dodd-Frank, arguing the data collection is misguided and could end up reducing access to small-business loans.