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America's national debt topped $30 trillion for the first time, according to figures from the Treasury Department on Tuesday. Why might it matter for mortgage rates? When one combines a record amount of red ink, an aging population, elevated healthcare costs, and a tax system that doesn’t bring in enough revenue to cover spending, and a government that has become known for kicking fiscal cans down the road, well, you can see why there are worries about the long-term economic healt...
New York United States Las Vegas Juan Cepeda Dave Luna Jeff Osheka

FHA, VA News Impacting Lenders; Vendor Tools

Hundreds of billions of servicing are being bought & sold out there. With Freddie & Fannie servicing trading at 5:1 (mid 3’s for Ginnie servicing), given current rates versus where servicing portfolios are, servicers are tapping into this source of capital instead of letting it sit on their balance sheet. Think of it as a savings account for a lender that retains servicing: with revenues dipping, the cash from a servicing sale can come in handy. Meanwhile, lender...
United States Erick Cavalcanti Neil Armstrong Kenny Parkhurst Craig Strent Las Vegas

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The Development of a Bank Regulatory Framework for Fintech and Digital Assets: OCC's Approval of Full Charter for a Fintech Company Continues the Movement of Fintech within the U.S. Bank Regulatory Perimeter | Cadwalader, Wickersham & Taft LLP

I.  Introduction - The Office of the Comptroller of the Currency (“OCC”) continues along its cautious course of allowing fintech and digital asset firms into the...
United States Cottonwood Heights Alexandros Vardoulakis Daniel Meade Byoung Hwa Hwang Nicholas Tabor

The Development of a Bank Regulatory Framework for Fintech and Digital Assets: Reviewing U.S. Prudential Regulators' Recent Digital Asset Actions | Cadwalader, Wickersham & Taft LLP

I.  Introduction - As we note in our companion memorandum, the Office of the Comptroller of the Currency (“OCC”) continues along its cautious course of allowing fintech a...
United States Cottonwood Heights Eric Lipton Daniel Meade Ephrat Livni Sebastian Souchet

Employers can submit application for extension of VDR for foreign workers from Feb 15 to Sept 30

PUTRAJAYA: Eligible employers can submit an application for the extension of the Visa with Reference (VDR) letter for foreign workers (various sectors) from Feb 15 to Sept 30.
Approval Centre Health Insurance Protection Scheme For Foreign Workers Home Ministry Immigration Department Foreign Worker Division Conditional Approval One Stop Approval Centre

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