Coldwell Banker Residential Brokerage, Dallas/Fort Worth appointed Frank Obringer as president. Sue Meyer, the brokerage's president since 2007, will transition her responsibilities over the next several months and then retire.
Seeking to "gain greater insight into issues about access to credit," the Consumer Financial Protection Bureau (CFPB) announced the launch of a rulemaking process to change reporting requirements under the Home Mortgage Disclosure Act (HMDA). The new reporting requirements could have unintended consequences for both mortgage servicers, and legal teams who assess discriminatory lending practices.
Committee chairman Tim Johnson (D-South Dakota) and ranking member Mike Crapo (R-Idaho), of the Senate Banking Committee announced Tuesday plans to move forward on a new proposal to wind down Fannie Mae and Freddie Mac in favor of a new government backstop for private financiers.