Originations 4/20: Gatsby Mansion Demolished!
Today links include more consumer-focused interpretations of the Fed’s new risk retention rules for mortgage securitization. If you only read one link today, read Kid Dynamite on the topic.
-Mansion Linked To ‘The Great Gatsby’ Demolished (Reuters via tip from DB!)
-Onion or Reuters: Protecting Borrowers From Lenders (Kid Dynamite)
-Leader of Big Mortgage Lender Guilty of $2.9 Billion Fraud (NY Times)
-Wells Fargo income jumps 51% but not because of mortgage growth (HuffPostBiz)
-5 Highlights From Fed’s New Mortgage Rules (The Atlantic)
-Interactive Map: Ryan vs. Obama Budgets (Mish’s Global Economics)