A Nerd's Eye View

Mortgage Guidelines Hit



Early in October, we reported that several federal regulatory agencies had gotten together to issue non-traditional mortgage guidelines. An open question at the time was whether these rules, which only applied to federally regulated lenders, would eventually be visited upon their state-regulated counterparts.

As of yesterday, the Conference of State Bank Supervisors has teamed up with the American Association of Residential Mortgage Regulators to release the state version of the regulation, based heavily on the federally-generated original. I will admit that I haven't heard of either of these organizations, but I'm guessing that they supervise and regulate things, respectively. Although the following quote from the press release would indicate that they don't exactly rule with an iron fist:

CSBS and AARMR encouraged the state regulatory agencies to adopt the guidance for the organizations they regulate.



Well, at least they're polite. I'll keep you posted on what, if anything, comes of this.

-- RICH TOSCANO



A Nerd's Eye View

Rich Toscano is a financial advisor with Pacific Capital Associates*;
he also writes about San Diego real estate at Piggington's Econo-Almanac. Contact him at rtoscano@pcasd.com.

Chargers Alliance Returns:

 

Website on Chargers issues is back in wake of 'political dismantling' of stadium talks.

Tuesday, November 28 -- 7:23 pm

Airport's PR Firm Splits:

 

Company behind the airport authority's controversial public outreach has split up.

Tuesday, November 28 -- 5:52 pm

Football Resolution:

 

Another group supports keeping the Chargers here. They don't offer any ideas how.

Tuesday, November 28 -- 3:53 pm


Sponsored By

MOST POPULAR STORIES:

SURVIVAL IN SAN DIEGO

Price, Sales Roundup :

 

National home prices down, sales up -- Calif. trend opposite.

Tuesday, November 28 -- 1:30 pm

LETTERS TO THE EDITOR

Context Needed for Supervisors' Vote:

 

Tuesday, November 28 -- 5:49 pm

CAFÉ SAN DIEGO

voiceofsandiego.org Readers Share Ideas :

 

Today there has been a lot of great comments shared and ideas generated. 

Tuesday, November 28 -- 5:31 pm

COMMENTARY: SLOP

County: Not Really Cutting Benefits :

 

How to cut health care but still pay for it.

Tuesday, November 28 -- 4:16 pm

COMMENTARY: RICH TOSCANO

Last Time to the 90s :

 

Defense and aerospace weren't the only industries in which jobs were lost.

Tuesday, November 28 -- 1:28 pm

Sponsored by

Graham Left Fla. Same Way:

 

Her exit from a redevelopment post in West Palm Beach similar.

Thursday, July 24, 2008 -- 7:15 pm

'Difficult Decisions':

 

Nancy Graham explains her resignation.

Thursday, July 24, 2008 -- 4:53 pm

Audits, Audits Everywhere:

 

In addition to auditing SEDC, the city will also look at three other city agencies.

Thursday, July 24, 2008 -- 4:47 pm

Sponsored By

SURVIVAL IN SAN DIEGO

KB's Gone Fishin':

 

She's getting some deserved vacation, but will be back soon.

Wednesday, July 23, 2008 -- 4:13 pm

LETTERS TO THE EDITOR

Take That, BoA:

 

Aguirre shows them who's boss.

Thursday, July 24, 2008 -- 4:18 pm

CAFÉ SAN DIEGO

Obsolete Pete:

 

Thirty years after Blackout Pete implemented his redevelopment model for San Diego, it's time for a major overhaul.

Thursday, July 24, 2008 -- 7:56 pm

COMMENTARY: SLOP

Be a Part of an Electric Place:

 

This isn't a job. It's a mission. And we're eating up every moment of it. Join us.

Wednesday, July 23, 2008 -- 3:57 pm

COMMENTARY: RICH TOSCANO

Foreclosures Still Piling Up:

 

June made for another record-setting month in San Diego foreclosure activity.

Tuesday, July 22, 2008 -- 12:34 pm

MOST POPULAR STORIES:

Sponsored by


Home About Us Contact Us Copyright Privacy Policy Site Sponsorship
Copyright © 2008 voiceofsandiego.org. All Rights Reserved. Terms of Use Privacy Statement