Trump to Name OneWest Banker as Comptroller of the Currency

Jun 07, 2017

President Trump will appoint former OneWest Bank CEO Joseph Otting as the next Comptroller of the Currency.

According to an Associated Press report, Otting was at OneWest from 2010 to 2015 and worked with then-chairman Steven Mnuchin, who is now Treasury Secretary. He was previously vice chairman of U.S. Bancorp, the parent company of Minneapolis-based U.S. Bank.

The Office of the Comptroller of the Currency is currently run by Keith Noreika, who was installed last month as acting comptroller following the resignation of Thomas Curry, who served as comptroller since 2012.

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Phil Hall

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Jun 07, 2017

Analysis and Data

FHFA Bumps Conforming Loan Limit To $806,500

The 5.2% increase from 2024's ceiling of $766,550 is less than 2024's 5.5%.

The Federal Housing Finance Agency (FHFA) has announced that in most of the U.S., conforming loan limits (CLL) for mortgages acquired by Fannie Mae and Freddie Mac in 2025 will be $806,500, an increase of $39,950 (5.2%) from 2024’s cap of $766,550. A few mortgage lenders ...

Courts

DOJ Discourages Broker Buyer Agreements, NAR Awaits Final Hearing

Agreements may limit the amount of clients brokers can attract.

Today’s final hearing on the class-action settlement of Sitzer/Burnett vs. National Association of Realtors (NAR) at the U.S. District Court for the Western District of Missouri will put a lid on the five-year debacle of Realtor and real estate agent commissions. Only two da...