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  • National Mortgage News: Fannie Mae Awards Community Impact Pool to Private Equity Firm  |  
  • National Mortgage News: Origination Volume Expected to Grow 2.2% in 2016: Fannie Mae  |  
  • National Mortgage News: House Spending Bill Includes Big Changes to CFPB  |  
  • National Mortgage News: Democratic Platform Shifts from Post-Crisis Recovery to Housing Access  |  
  • National Mortgage News: Pending Sales of Existing Homes Fall More Than Forecast  |  
  • Credit Union National Association:   |  
  • National Mortgage News: Fifth Third Offers New Down-Payment Assistance for Low-Income Loans  |  
  • National Mortgage News: Flagstar's Income Increases Slightly on Commercial Loan Growth  |  
  • Bank of America: Bank of America to Increase Quarterly Common Stock Dividend by 50 Percent to $0.075 per Share; Authorizes $5 Billion Common Stock Repurchase Plan  |  
  • Bank of America: Bank of America Declares Preferred Dividends  |  
  • CU Times: Effective Millennial Marketing  |  
  • Credit Union National Association: Atlanta biz journal captures CU reg. burden cost  |  
  • AmericanBanker.com: Deal with Silicon Valley Bank Gives First Data Valuable Intel  |  
  • National Mortgage News: Dems See Little Hope for Housing Finance Reform  |  
  • Credit Union National Association: Record year for N.J. CU reality fairs  |  
  • National Mortgage News: Low Rates Push Housing Market Closer to Potential  |  
  • Bank of America: Bank of America Reports Q4-15 Net Income of $3.3B, EPS of $0.28  |  
  • Credit Union National Association: Governors sign Kansas and Missouri PLS legislation  |  
  • National Mortgage News: Hiring in Nonbank Mortgage Sector Slows in May, But Still Healthy  |  
  • National Mortgage News: Old Republic's Title Operating Income Down 6% in 2Q  |  
  • National Mortgage News: FHLB Jumbo Loan Limits Raised to $2.5M  |  
  • National Mortgage News: Nationstar Collateralizes More Defaulted Reverse Mortgages  |  
  • Credit Union National Association: Ark. CUs have 'member focused' discussion with CFPB  |  
  • National Mortgage News: Risk Retention Rattles Commercial Mortgage Market  |  
  • AmericanBanker.com: FHFA Seeks Comments on Front-End Risk Transfer Deals for Fannie, Freddie  |  
  • National Mortgage News: Servicers Must Get Current on Flood Insurance Requirements  |  
  • Bank of America: Bank of America Declares Quarterly Stock Dividends  |  
  • National Mortgage News: Foreign Home Buying Falls to Three-Year Low as Dollar Gains  |  
  • Credit Union National Association: CUNA Lending Council seeks outstanding programs  |  
  • Bank of America: Bank of America Declares Preferred Dividends  |  
  • Bank of America: Bank of America to Report Fourth-Quarter 2016 Financial Results on January 13, 2017  |  
  • AmericanBanker.com: Collection Complaints Decline in Latest CFPB Report  |  
  • National Mortgage News: Cornerstone Real Estate to Buy Ares Commercial's Lending Unit  |  
  • National Mortgage News: Ocwen Records 4,100 Permanent HAMP Streamlined Modifications  |  
  • National Mortgage News: Brexit Caused Refinance Boom: Zillow  |  
  • National Mortgage News: Freedom Mortgage's 'First Flyer' Training Grooms New Employees for Success  |  
  • CFPB: Prepared Remarks of CFPB Director Richard Cordray on Field Hearing on Debt Collection  |  
  • National Mortgage News: Connecticut Agency to Sell $86M of Affordable Housing Bonds  |  
  • National Mortgage News: Famed Housing Economist Karl Case Dies at 69  |  
  • CU Times: Half of Fed IT Vulnerabilities Go Unresolved for Weeks: Tripwire  |  
  • Credit Union National Association: Ill. league welcomes ELCA FCU during grand opening  |  
  • National Mortgage News: Fight Over Reform Bill Turns into Fight Over Capital Worldviews  |  
  • AmericanBanker.com: HUD Mandates New Requirements on Nonperforming Loan Buyers  |  
  • Bank of America: Bank of America to Participate in the Deutsche Bank Global Financial Services Conference on May 31  |  
  • AmericanBanker.com: The Real Promise of Real-Time Payments (It's Not the Fees)  |  
  • National Mortgage News: Three Steps to Stronger Fintech-Government Ties  |  
  • AmericanBanker.com: CFPB Staff Inappropriately Reimbursed for Personal Expenses: Watchdog  |  
  • Credit Union National Association: CUs report impressive 2016 membership growth  |  
  • National Mortgage News: Synovus Gets Boost from 10% Growth in Investment-Property Loans  |  
  • National Mortgage News: Home Prices Rose 5.6% in May from Year Earlier  |  
  • AmericanBanker.com: How Flagstar Is Financing Buyback of Tarp-Related Shares  |  
  • National Mortgage News: Small Bank's 'Lite Doc' Loans More Stringent than Low Doc of Yore  |  
  • National Mortgage News: Citi Fired Mortgage Trader in March for Mismarking Portfolio  |  
  • Mortgage Daily: CIT Takes Big Hit on Reverse Mortgage Business  |  
  • Bank of America: Bank of America Declares Quarterly Dividend on Series L, Series Y, Series Z and Series CC Preferred Stock  |  
  • National Mortgage News: GOP Grills Castro on Changes to Nonperforming Loan Sales  |  
  • Bank of America: Bank of America to Report Second-Quarter 2016 Results on July 18  |  
  • National Mortgage News: Mortgage Rates Rise Slightly in Anticipation of the Fed's Actions  |  
  • National Mortgage News: Focus on Low-Mod Mortgages Proves Profitable for This Budding Bank  |  
  • National Mortgage News: Rental Income Makes Homeownership More Valuable  |  
  • National Mortgage News: The Epic Summer Road Trip to Loosen Up a Big Bank's Image  |  
  • Credit Union National Association: Mich. gov. signs sweeping CU update act at league meeting  |  
  • National Mortgage News: Pending Sales of Existing Homes Rise Less Than Forecast  |  
  • Bank of America: Bank of America to Participate in the Morgan Stanley Financials Conference on June 14  |  
  • Credit Union National Association: CUNA economists: Lower GDP, more CU loan growth  |  
  • Credit Union National Association: Foundation shows driving success of non-prime auto loans  |  
  • AmericanBanker.com: Busting Myths About Millennial Small-Business Owners  |  
  • National Mortgage News: Homeownership Rate Tumbles to the Lowest Since 1965  |  
  • AmericanBanker.com: How Banks Are Trying to Contain Cost of CFPB's Arbitration Plan  |  
  • National Mortgage News: Why Nurturing Borrower Leads Is a Marathon, Not a Sprint  |  
  • National Mortgage News: How Servicers Can Make Investing in Customer Satisfaction Pay Off  |  
  • National Mortgage News: Supreme Court Agrees to Hear Wells vs. City of Miami Mortgage Case  |  
  • Bank of America: Bank of America Announces Preliminary Voting Results of 2016 Annual Meeting of Stockholders  |  
  • CU Times: Five Summer 2016 Security Threats  |  
  • Bank of America: Bank of America Announces the Redemption of Certain Trust Preferred Securities  |  
  • National Mortgage News: HUD's Castro Found to Violate Law Against Campaign Activities  |  
  • National Mortgage News: Mortgage Rates Hold Steady as the Bond Market Stabilizes  |  
  • National Mortgage News: Lenders Divided on Uber-Like Mortgage Tech Disruptors  |  
  • National Mortgage News: Radian's Insurance Unit Redeems $325M Surplus Note Early  |  
  • National Mortgage News: Applications for New Home Purchases Dip in June: MBA  |  
  • National Mortgage News: Brexit Drives Down Mortgage Rates to Three-Year Low  |  
  • National Mortgage News: Mortgage Execs Must Do More Than Declare Technology a Priority  |  
  • Reverse Mortgage Daily: RMF Adds Anissa Palmatier to Third-Party Originations Team  |  
  • National Mortgage News: FHFA Report Highlights Results of GSEs' Nonperforming Loan Sales  |  
  • Bank of America: Bank of America to Report First-Quarter 2016 Results on April 14  |  
  • AmericanBanker.com: Morning Scan: Stress Tests Round Two; GE Capital No Longer a SIFI  |  
  • AmericanBanker.com: Iberiabank Adds Former Investment Banker to Board  |  
  • National Mortgage News: Small Banks and CUs Adjusted Well to CFPB Mortgage Rules: GAO  |  
  • National Mortgage News: How Democrats and Republicans Differ on Next Steps for Housing  |  
  • National Mortgage News: New Home Sales Jump to Highest Level Since February 2008  |  
  • National Mortgage News: Ginnie Mae Names Corsiglia Chief Operating Officer  |  
  • National Mortgage News: Sales of Existing Homes Rise to Highest Level in Nine Years  |  
  • National Mortgage News: Brexit Drives Mortgage Application Activity Surge: MBA  |  
  • National Mortgage News: Home Prices in U.S. Cities Climbed Less Than Forecast in May  |  
  • National Mortgage News: Fannie and Freddie Still Encourage Biased Appraisals  |  
  • National Mortgage News: Servicing Bad Loans Gets Trickier as FHA's Share of Them Grows  |  
  • National Mortgage News: Senate Passes Bipartisan FHA Condo Reform Bill  |  
  • AmericanBanker.com: IBM Joins Washington Blockchain Trade Group  |  
  • AmericanBanker.com: Why Two of Europe's Biggest Banks Can't Pass the Stress Test  |  
  • National Mortgage News: Number of Borrowers in Negative Equity Drops 13% from 2015  |  
  • National Mortgage News: MGIC's 2Q Net Income Down 4% from Last Year  |  
  • National Mortgage News: HUD to Investigate Down Payment Assistance Program Practices  |  
  • CU Times: 10 Interesting Presidential Retirements  |  
  • National Mortgage News: Chronos Acquires Tech Provider UPF Services  |  
  • National Mortgage News: Wells Fargo's Mortgage Machine Shows Signs of Vulnerability  |  
  • National Mortgage News: Global Uncertainty Could Hurt CRE Originations in 2016  |  
  • National Mortgage News: Nonbank Lending Share Increases as Depositories Cut Back  |  
  • National Mortgage News: First American's 2Q Net Income Up 9.5% on Record Margin  |  
  • Reverse Mortgage Daily: DNC Speech Jokes About Reverse Mortgages and Trump University  |  
  • Credit Union National Association: Outdoor learning a part of SE CUNA Mgmt. School  |  
  • National Mortgage News: CoreLogic 2Q Income Grows on Revenue from New Valuation Group  |  
  • National Mortgage News: HUD Mandates New Requirements on Nonperforming Loan Buyers  |  
  • National Mortgage News: Mortgage Applications Decrease as Refinancing Volume Slows  |  
  • AmericanBanker.com: Bitcoin May Open Markets, Won't Hurt Incumbents: Citi Report  |  
  • Reverse Mortgage Daily: Finance of America Reverse Finds Success With New Ad Campaign  |  
  • National Mortgage News: Fannie Eases Requirements for HomeReady Program  |  
  • Reverse Mortgage Daily: How Senior Homeowners Are Reversing the Conventional Wisdom on Housing  |  
  • National Mortgage News: Spreads Tighten on Fannie Mae's Latest Risk Sharing Deal  |  
  • Bank of America: Bank of America Declares Quarterly Stock Dividends  |  
  • National Mortgage News: Privately Insured Credit Unions Reap FHLB Benefits  |  
  • AmericanBanker.com: Regions Private Wealth Manager Promoted  |  
  • National Mortgage News: Late Payments on CMBS Loans Jump Again in June  |  
  • National Mortgage News: Purchase Sentiment Falls as Pessimism Grows Over the Economy  |  
  • National Mortgage News: FHFA: Freddie on Track to Use Common Securities Platform  |  
  • National Mortgage News: Regulators Propose Changes to Consumer Protection Exemptions  |  
  • National Mortgage News: How This California Loan Officer Makes Her Moo-la  |  
  • National Mortgage News: Closed Purchase Loan Share at Highest Level in Nearly Two Years  |  
  • National Mortgage News: Don't Use Risk Management as an Excuse to Stop Innovating  |  
  • National Mortgage News: Mortgage Rates Rebound Marginally from Post-Brexit Trough  |  
  • National Mortgage News: Federal Court Renews Pension Fund's Lawsuit Against Freddie Mac  |  
  • National Mortgage News: FNF Posts 17% Increase in Second Quarter Earnings  |  
  • Credit Union National Association: CCUA campaign complements CUNA awareness initiative  |  
  • AmericanBanker.com: CFPB Cites Audio Recording in $10.6M Fine Against BancorpSouth  |  
  • National Mortgage News: Existing Home Sales Momentum Slowing Down: Ten-X  |  
  • CFPB: Agencies Issue Proposal on Method to Adjust Thresholds for Exempting Certain Consumer Credit and Lease Transactions  |  
  • Bank of America: Bank of America Declares Dividends on Series L, Y, CC and EE Preferred Stock  |  
  • National Mortgage News: Legal and Settlement Expenses Keep Ocwen in the Red  |  
  • National Mortgage News: Fannie Mae Names Winners of Latest Nonperforming Loan Sale  |  
  • National Mortgage News: Case-Shiller Index Gets New Official Name  |  
  • CFPB: Consumer Financial Protection Bureau Considers Proposal to Overhaul Debt Collection Market  |  
  • National Mortgage News: USMI Names MGIC's Sinks Chairman  |  
  • National Mortgage News: Freddie Mac to Leverage Credit Data from Experian  |  
  • National Mortgage News: Supreme Court to Hear Case Involving Where Fannie Can Be Sued  |  
  • Reverse Mortgage Daily: Embrace Change — Apply for These Reverse Mortgage Jobs Today  |  
  • National Mortgage News: Orlando Has Most Improved Housing Market: Freddie Mac  |  
  • National Mortgage News: RealtyUSA Merges with Howard Hanna Real Estate Services  |  
  • National Mortgage News: High Refinancings and Loan Runoffs Raise Issues for FHA  |  
  • AmericanBanker.com: Dime Community Chief Palagiano to Retire  |  
  • National Mortgage News: Big CRE Lender Makes Case for High Concentrations  |  
  • National Mortgage News: Ditech Sets Layoffs in Texas and North Carolina  |  
  • National Mortgage News: Will a CFPB Commission Ever Happen?  |  
  • Credit Union National Association: ICYMI: Messages from Nussle, Metsger at ACUC Monday  |  
  • National Mortgage News: 'Scale Matters': Expanding in Mortgages as Others Pull Back  |  
  • National Mortgage News: Manhattan Apartment Renters Push Back to Find Better Deals  |  
  • National Mortgage News: Post-Foreclosure Consumers Are Ready to Rejoin Economy  |  
  • National Mortgage News: CFPB Must Address Lenders' HMDA Data Privacy Concerns  |  
  • National Mortgage News: CFPB's Updates to TRID Could Improve Warehouse Lending Liquidity  |  
  • National Mortgage News: PNC's Mortgage Unit Returns to Profitability on Hedge Gain  |  
  • National Mortgage News: The CRA Plan that Sold the Fed on Two Bank of the Ozarks Deals  |  
  • National Mortgage News: EverBank in Talks to Sell Itself for $2.5B  |  
  • National Mortgage News: Drop in Treasury Yield Drives Mortgage Rates to Near All-Time Low  |  
  • National Mortgage News: Waterstone's 2Q Profits Lifted by Strong Origination Volume  |  
  • Reverse Mortgage Daily: CBS News: Don’t Neglect Home Equity in Retirement Planning  |  
  • National Mortgage News: Female Millennial Borrowers More Likely to Be Single: Ellie Mae  |  
  • National Mortgage News: Demand Drove April's Home Price Increase: Case-Shiller  |  
  • National Mortgage News: People Movers of the Week: July 8  |  
  • CU Times: Where Are All the Women in Financial Services?  |  
  • National Mortgage News: Freddie Offloading More Risk on Super Conforming Loans  |  
  • CU Times: Royal CU Plans Minnesota Bank Branch Purchase  |  
  • National Mortgage News: Number of Loan Modifications Continues to Decline: Hope Now  |  
  • Credit Union National Association: NYCUA-advocated mortgage bill heads to governor  |  
  • National Mortgage News: Republican Platform Softens Stance on Winding Down Fannie, Freddie  |  
  • Credit Union National Association: PSCU sponsors Filene Center of Excellence  |  
  • AmericanBanker.com: Three Fintech Reforms the Government Must Champion  |  
  • National Mortgage News: Clash Brewing over Robo-Calls from Mortgage Servicers  |  
  • Credit Union National Association: Federation, Equifax partner on empowerment center  |  
  • National Mortgage News: People Movers of the Week: July 1  |  
  • Bank of America: Bank of America to Participate in the Barclays Americas Select Franchise Conference on May 18  |  
  • National Mortgage News: LRES Providing Commercial Property Valuation Alternative  |  
  • Bank of America: Bank of America Reports First-Quarter 2016 Financial Results  |  
  • National Mortgage News: Loan Application Defect Risk Reaches Historic Low  |  
  • National Mortgage News: Freddie Mac Obtains Another Three Reinsurance Policies  |  
  • AmericanBanker.com: How Banks Could Regain Ground from Fintechs  |  
  • National Mortgage News: Wells Plans Latest CMBS Around Smaller Market Collateral  |  
  • Bank of America: Bank of America Expands Availability of Quarterly Financial Results  |  
  • National Mortgage News: Where Low Rates Can Help Small Banks  |  
  • National Mortgage News: Progress Refinancing Its First Single-Family Rental Securitization  |  
  • National Mortgage News: Chase 2Q Mortgage Revenue Rises Despite Origination Decline  |  
  • National Mortgage News: Ellie Mae's Second-Quarter Net Income Up 39%  |  
  • AmericanBanker.com: Robo-Adviser's Brexit Trading Freeze Backfires  |  
  • National Mortgage News: Tax Inversion Rules Threaten Asset-Backeds, SFIG Warns  |  
  • National Mortgage News: FHFA Seeks Comments on Front-End Risk Transfer Deals for Fannie, Freddie  |  
  • Credit Union National Association: CUNA volunteer courses available through online portal  |  
  • National Mortgage News: JPMorgan CMBS Pool Includes Newly Sold 5th Avenue Locale  |  
  • National Mortgage News: FNF Group Acquires Commissions Inc.  |  
  • FDIC: SA-1-2012: Counterfeit money orders bearing the name Northrim Bank, Anchorage, Alaska, are reportedly in circulation  |  
  • Reverse Mortgage Daily: White Paper: How to Maximize Your Reverse Mortgage Volume in 30 Days  |  
  • National Mortgage News: Two More FHLBs Sign Up for MPF Government Loan Program  |  
  • National Mortgage News: New LendingTree Tool Identifies Underserved Consumers  |  
  • National Mortgage News: Racial Disparities Seen in Loan Data for Three MSAs: Report  |  
  • Credit Union National Association: African-American CU Coalition meeting set for Seattle Aug. 4-6  |  
  • Credit Union National Association: First DE Day of Service makes a difference worldwide  |  
  • National Mortgage News: In One Way, the U.S. Mortgage Market Looks Just Like It Did in 2007  |  
  • AmericanBanker.com: CFPB Has Collected $24.5M in Restitution This Year  |  
  • National Mortgage News: Mortgages, M&A Powered Wintrust in 2Q  |  
  • Credit Union National Association:   |  
  • National Mortgage News: Two Harbors Pulling Out of Private-Label RMBS  |  
  • National Mortgage News: Small Lenders Fear Fannie, Freddie Credit Risk Transfer Plan  |  
  • National Mortgage News: FHA Releases Guidance Treating PACE as Tax Assessments  |  
  • National Mortgage News: Miami Lawsuit Against Banks May Redefine Scope of Fair Housing Act  |  
  • National Mortgage News: This Loan Officer Has a 10-Point Plan for Constant Customer Contact  |  
  • Bank of America: Bank of America Board Appoints New Director  |  
  • National Mortgage News: Price Recovery of Foreclosed Homes Nearly Double National Average  |  
  • National Mortgage News: Digital Verification Fuels Loan Accuracy, Borrower Transparency  |  
  • National Mortgage News: Guaranteed Rate Rolls Out Retail 1% Down Payment Program  |  
  • National Mortgage News: Energy States at Higher Risk of Home Price Depreciation  |  
  • National Mortgage News: Bray Elected Chairman at Nationstar as Edens Retires  |  
  • CFPB: Consumers Count: Responding with resources  |  
  • National Mortgage News: Bank of America's Portfolio Plan Success Cuts Mortgage Income  |  
  • National Mortgage News: CIT Profit Plunges on Reverse-Mortgage Problems  |  
  • National Mortgage News: Freddie Mac Names Winner of First Structured Loan Sale  |  
  • Bank of America: Bank of America Statement on Resubmitted 2015 Capital Plan  |  
  • National Mortgage News: Application Activity Falls for Week of the Brexit Vote  |  
  • Mortgage Daily: Mortgage Complaints Fall From Year Earlier  |  
  • National Mortgage News: CFPB Breaks Up Debt Collection Plan, Spares Banks for Now  |  
  • National Mortgage News: JPMorgan's Next 'House' RMBS Weighs in at $2.6B  |  
  • National Mortgage News: Rent Relief to Prolong Fed's Lengthy Wait to Hit Inflation Goal  |  
  • National Mortgage News: Fifth Third Names New Head of Mortgage Unit  |  
  • National Mortgage News: Opinions About Roadblocks to Homeownership Vary by Ethnicity  |  
  • National Mortgage News: FDIC Warns Bankers About High Concentrations of CRE Loans  |  
  • National Mortgage News: Housing Starts Increased More Than Forecast in June  |  
  • AmericanBanker.com: The Bad News for Banks in the Card Settlement Reversal  |  
  • Credit Union National Association: Interns gain CU difference insight from PenFed execs  |  
  • National Mortgage News: Mountain States Lead National Home Price Increases: Black Knight  |  
  • National Mortgage News: Foreclosure Inventory Dropped Nearly 25% in May: CoreLogic  |  
  • National Mortgage News: Fannie-Freddie Would Be Lender-Owned Insurers in DeMarco's Plan  |  
  • National Mortgage News: CFPB Promotes Three Insiders to Top Roles  |  
  • Credit Union National Association: Visa releases EMV migration resources for merchants  |  
  • CFPB: We’re working to improve fairness and transparency in the debt collection market for you  |  
  • FDIC: SA-2-2012: Individuals or Purported Investment Advisors May be Attempting to Defraud Financially ...  |  
  • CU Times: Fraud and Ageism: Readers Debate  |  
  • CFPB: Consumer Financial Protection Bureau Monthly Complaint Snapshot Spotlights Credit Card Complaints  |  
  • National Mortgage News: D.R. Horton Reports Higher Earnings as Tight Supplies Fuel Sales  |  
  • Credit Union National Association: S.C. gov. signs league-advocated PLS bill  |  
  • Mortgage Daily: Mortgage Rates Up But Could Reverse Rise  |  
  • National Mortgage News: Loan Officer Guides Clients from Happy Hour to Homeownership  |  
  • National Mortgage News: Home Prices Rise 5.9% from Last Year: CoreLogic  |  
  • Bank of America: Bank of America to Participate in the Bernstein Strategic Decisions Conference on June 2  |  
  • National Mortgage News: First South Bank Buys Fannie and Freddie MSR Portfolio  |  
  • National Mortgage News: Fitch Adds TRID Grading to RMBS Due Diligence Reviews  |  
  • National Mortgage News: Radian Rides Lower Expenses to Higher 2Q Earnings  |  
  • National Mortgage News: Fannie Mae Releases Performance Data on Modified Loans  |  
  • Bank of America: Bank of America to Participate in the Credit Suisse Financial Services Forum on February 10  |  
  • Credit Union National Association: 23 league presidents meet in DC this week  |  
  • National Mortgage News: Marketing Tool Uses Big Data to Predict Home Buyers and Borrowers  |  
  • AmericanBanker.com: Warner Calls Trump's Wall Street Talk 'Total Contradiction'  |  
  • National Mortgage News: More Purchase Applications Means Greater Fraud Risk for Lenders  |  
  • National Mortgage News: Minority-Owned Lender Secures Private Equity Funding  |  
  • National Mortgage News: Blackstone's Tenants Get a Chance at Buying Their Rental Houses  |  
  • National Mortgage News: Low Rates Drive Prepayment Speeds to 12-Month High in June  |  
  • National Mortgage News: CFPB's Impact, Five Years On  |  
  • National Mortgage News: Docutech Forms Partnership with Serent Capital  |  
  • National Mortgage News: LoanScoreCard Unveils Nonagency Pricing and Decisioning System  |  
  • National Mortgage News: A New Type of Occupancy Fraud: Fake Investors  |  
  • Credit Union National Association: CUNA offices closed Monday for Independence Day  |  
  • National Mortgage News: Confidence Among Homebuilders Falls From Five-Month High  |  
  • CFPB: Agencies Issue Proposal on Method to Adjust Threshold for Exempting Small Loans from Special Appraisal Requirements  |  
  • National Mortgage News: Continued Low Rates Brought Consumers Back to Refi: MBA  |  
  • National Mortgage News: Private Flood Insurance Bill Has Fannie, Freddie on Edge  |  
  • National Mortgage News: Citigroup's Next CMBS Has Heavy Exposure to Split Loans  |  
  • National Mortgage News: United Wholesale Debuts Conventional 1% Down Program  |  
  • National Mortgage News: IRS Pushes Back Deadline for Verification System Change  |  
  • National Mortgage News: Teardowns on a Tear  |  
  • National Mortgage News: Fifth Third's CRA Downgrade Could Restrict M&A  |  
  • AmericanBanker.com: FDIC Needs to Better Protect Its Data: GAO  |  
  • National Mortgage News: CFPB Cites Audio Recording in $10.6M Fine Against BancorpSouth  |  
  • National Mortgage News: Waldorf Astoria Said to Close in 2017 for Condo Rebuild  |  
  • National Mortgage News: First Community Mortgage Starts Consumer Direct Unit in Ohio  |  
  • National Mortgage News: Mortgage Credit Tightens Yet Again in June  |  
  • National Mortgage News: Rural Credit Union Lets Members Pay Mortgages via Text Message  |  
  • Credit Union National Association: Del. CUs unanimously OK merger with CCUA  |  
  • National Mortgage News: RealtyTrac Parent Rebranded as Attom Data Solutions  |  
  • CU Times: Expand Dodd-Frank, Allow USPS to Offer Banking Services, Dems Say  |  
  • CFPB: We want to hear from the public about payday loans  |  
  • CFPB: Consumers Count: Tools and resources for money decisions  |  
  • National Mortgage News: Low Interest Rates Also Help Multifamily Debt Market: Survey  |  
  • National Mortgage News: Agility Is More Important than Size for Mortgage Companies  |  
  • National Mortgage News: Use Data Standards as Building Blocks for Maximum Effect  |  
  • Bank of America: Bank of America Increases Prime Lending Rate  |  
  • Mortgage Daily: Fifth Third Mortgage Originations, Assets Up  |  
  • Mortgage Daily: Conduit-Securitization Business Closing  |  
  • AmericanBanker.com: Citi Agrees to Sell Prepaid Card Business to Germany's Wirecard  |  
  • Credit Union National Association: Tech, OpSS councils to hold CU4Kids benefit raffle  |  
  • CFPB: How parents can help kids be smarter about money, in everyday situations  |  
  • National Mortgage News: People Movers of the Week: July 22  |  
  • AmericanBanker.com: The CRA Plan that Sold the Fed on Two Bank of the Ozarks Deals  |  
  • National Mortgage News: Republic First Enters Mortgage Lending with Acquisition  |  
  • CU Times: 10 Changes to the Affordable Care Act in 2016  |  
  • National Mortgage News: CRE Exposure Looms Large Over Bank M&A  |  
  • National Mortgage News: Ellie Mae's Latest LOS Release Features Freddie Mac Tie-Ins  |  
  • Bank of America: Bank of America Declares Dividend on Series L and Series Y Preferred Stock  |  
  • National Mortgage News: HAMP Expiration Will Have Slightly Negative Effect on RMBS  |  
  • AmericanBanker.com: Energy Crisis Triggering Brownout in Shared National Credits  |  
  • National Mortgage News: Interest Rate Rise Slows Loan Application Activity: MBA  |  
  • AmericanBanker.com: First Bank in N.J. Raises Cash After Nearby Bank Sells  |  
  • CU Times: Five Hurricane Planning Tips  |  
  • National Mortgage News: Mortgage Income Bites into Trustmark's Profit  |  
  • Bank of America: Bank of America Provides 2016 Stress Test Results  |  
  • Reverse Mortgage Daily: CIT Group Profit Sinks on Financial Freedom Losses  |  
  • National Mortgage News: Deutsche Bank Said It Has Started MBS Settlement Talks  |  
  • AmericanBanker.com: Women in Banking: Cox on Citi Fintech; Post-Brexit Fintech  |  
  • National Mortgage News: Payment Reductions Should Continue After HAMP Expires: Regulators  |  
  • National Mortgage News: People Movers of the Week: July 15  |  
  • National Mortgage News: Ditech Returns to Wholesale Originations  |  
  • AmericanBanker.com: CIBC Chief Explains Why It Took So Long to Enter U.S.  |  
  • National Mortgage News: Assurant Buys Settlement Services Provider  |  
  • National Mortgage News: Same Market Street Shopping Mall, Different CMBS  |  
  • Credit Union National Association: CUNA Volunteer Conference set for Jamaica  |  
  • Credit Union National Association: CCUA membership approves merger with Del. league  |  
  • National Mortgage News: Arch Capital's 2Q Mortgage Insurance Income Up 128%  |  
Title II of the JOBS Act, Accredited Crowdfunding (MLCO42E)
Event Information
Product format
Pre Recorded Webinar
Presenter(s)
Length
90 minutes
 
Event Description

Is JOBS Act Going to Change the Crowdfunding Landscape and Be a Major Help to the Economy?

The 2012 spring saw passing the JOBS (Jump Start Our Business Start Ups) Act which would drastically change the crowdfunding market landscape. The spotlight on crowdfunding has substantially increased due to the addition of equity as a potential option to the space. The big question is why majority of the crowdfunding sites don’t offer equity as an option yet? The US Securities Exchange Commission (SEC), as per the instructions of congress, is monitoring the new changes before the Act can start with equity crowdfunding. The SEC will also be creating a structure where new allowances will be safeguarded so that the general public feels safe while it is investing.

The topic of this webinar by expert speaker Joseph W. Bartlett is Title II of the JOBS Act, “Jump Start Our Business Start Ups,” which opens the gates for emerging growth companies (ranging from the quite small to in fact the very large and routinely abbreviated as Emerging Growth Companies (EGCs) to raise capital in private placements which, contrary to ninety-odd years of securities regulation in this country, are able to pitch investors with materials posted on the internet.  The technical term is lifting the ban on “general solicitation” and “general advertising” in SEC Regulation D.  Title II amounts to a 180 degree makeover of the channels available for raising private capital, as long as all investors meet the standards prescribed in Regulation D, Rule 501 of the Securities Act of 1933 to be “accredited”. The main constraint is the requirement of “reasonable steps to verify” that each investor is in fact accredited and the issue can be analyzed in details.

Assuming that the investors are accredited, there are pending regulations which, sooner or later, will be imposed on the process, including filing forms both at the close of (as is now the practice) but also in advance of the fundraising process.  One prominent aspect is the presentation of the emerging growth companies pitch materials through platforms such as FundersClub and AngelList.  How successful is this navigation process for EGCs?  Why undertake the Title II process in the first place?  Is it more trouble than it’s worth?

Coincident with Title II is the increased emphasis on requiring persons and firms receiving transaction-related compensation (for assistance in placing securities) to undergo the extremely burdensome registration requirements under the Securities and Exchange Act as broker-dealers and joining FINRA.  These will be examined in the session, along with some of the more creative solutions for unregistered finders who otherwise are breaking the law.

On the continuing problem of finders who may, often unknowingly and in fact illegally, be securing compensation for locating capital for EGCs, Joseph will be referencing his articles on the subject which date back many years.  He will also providing a link to the Buzz of the Week on VC Experts, identifying by date and topic of the analyses that he suggests the audience should know. 
Title II is here to stay.  The volume is picking up although it’s not yet where the sponsors would like it to wind up. It is critical for emerging growth companies and their advisors, founders, friends and family and angel investors to grasp the pluses and minuses of Title II and make an informed decision whether to initiate what’s come to be known as a Rule 506(c) offering.  The decision may be made to stay old fashioned under Rule 506(b) (no solicitation on the web); but it cannot be made intelligently unless the participants are able to evaluate the pros and cons of Rule 506(c).

Participants will be directed to the no-action letters (the petition and the response) which the SEC has published in connection with the “platforms” established by AngelList and FundersClub.  These statements by the SEC form the basis for the organization and launch of vehicles which Joseph refers to as Hybrid Venture Funds.  And for those of you who are interested in that model, you will get links to Jopseph’s writings and direct attention to both the AngelList and FundersClub web sites for more data and guidance.

A portion of the program will be devoted to the adoption of Terms of Use by both the platforms and the EGCs (and the personnel involved with them) raising money under Title II, including exculpatory language to make sure the investors understand the risks, thereby protecting the issuer and its board and management if, as so often happens, it turns out the performance of the investment is disappointing.   

Training Objective:

Understand why it is important to unbundle the use of the term “crowdfunding” which is often loosely and mistakenly applied to processes which are quite different, both legally and economically.

  • First, awards based crowdfunding has been in effect for a number of years courtesy of portals such as Kickstarter and Indiegogo.  No securities are involved.  
  • Next, Title II, labeled accredited crowdfunding, will be discussed.
  • And lastly, Title III – the purest example of crowdfunding in that any investor can participate. Title III regulations are not yet final and they are likely to impose considerable constraints. 

Additional talking points include:

  • An invitation for entrepreneurs and their advisers seeking funding to visit the web site of the Angel Capital Association and view the Angel Networks which are members of that association;
  • As mentioned above, the no-action letters in the AngelList and FundersClub matters; plus references and access to legal opinions which are published on the web and cover much of the territory under discussion will also be provided.

Who Should Attend

  • Any entrepreneur contemplating or in the process of founding an EGC and raising capital
  • Attorneys advising the founders on the pluses and minuses of Rule 506(b) versus 506(c)
  • Investors, angels for example, who understand that access to quality deal flow is the principal contributing factor to successful investment results
  • Financial advisors, brokers and investment bankers, many of which are adjusting their deliverables so as to function as service providers to EGCs under Title II
  • Accountants responsible for EGC financials

Ask a question at the Q&A session following the live event and get advice unique to your situation, directly from our expert speaker.

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About Our Speaker

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Joseph W. Bartlett, Special Counsel in the Corporate, Securities and Financial Institutions practice in the New York Office of McCarter & English, LLP, is a recognized pioneer of the national private equity and venture capital bar. Mr. Bartlett contributed to the original models for private equi...More info

 
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