Tagged with: CFPB Mortgage Bankers The Five Star Institute Home / Featured / Industry Leader Calls CFPB Deputy Director’s Comments ‘Irresponsible’ Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Print This Post CFPB Mortgage Bankers The Five Star Institute 2014-02-21 Krista Franks Brock Data Provider Black Knight to Acquire Top of Mind 2 days ago Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Related Articles Previous: VirPack Upgrades Document Management System Next: Fannie Mae Dividend Payments to Exceed Treasury Draws After Consumer Financial Protection Bureau (CFPB) Deputy Director Steven Antonakes decried mortgage servicers for not doing enough to mend the industry after the recent housing crisis, one industry leader called his comments “inflammatory and without benefit to the audience.”Ed Delgado, president and CEO of the Five Star Institute, believes the deputy director’s remarks are not only ill-timed but also counterproductive.Speaking before an audience of Mortgage Bankers Association members Wednesday, Antonakes said he is “deeply disappointed by the lack of progress the mortgage servicing industry has made,” and added that “too many customers continue to receive erratic and unacceptable treatment.”Near the end of his speech, Antonakes said, “My message to you is a tough one. I don’t expect a standing ovation when I leave.”However, Delgado suggests Antonakes’ message was more than simply unpopular with its direct audience. Since the speaking engagement, Antonakes’ remarks have been picked up and reiterated by media outlets across the nation, sending a message to consumers that the industry has not improved and their financial futures are not secure. Not all agree.Sending this message “at a time when collaboration and cooperation are critical to the industry—not just to servicers but also to homeowners who need to have confidence in those responsible for managing their mortgages—is simply irresponsible—with little merit,” Delgado said.In spite of Antonakes’ “deep disappointment,” the industry has completed more than 6.8 million loan modifications since 2007, according to HOPE NOW, a private-sector industry alliance. Foreclosures have retreated drastically; REOs are back at pre-crisis levels; and the market is stabilizing.Furthermore, while Antonakes points to the 4,900 mortgage complaints the CFPB receives each month, this amount is “diminutive when placed in context with the nearly 80 million mortgages currently in service across the U.S. market,” Delgado said. In fact, this translates to complaints on 0.006 percent of mortgages.”To chastise an audience of mortgage servicers without conceding their enormous efforts as well as the impact of federal government programs is both inaccurate and negligent,” Delgado said. Referencing Rep. Jeb Hensarling’s (R-Texas) popular quote about Dodd-Frank’s Volckner Rule, Delgado said “given the remarks of Mr. Antonakes, it appears that the CFPB is a solution in search of a problem.”Disclosure: The Five Star Institute is the parent company of DS News and DSNews.com. The views expressed here do not reflect those of the editorial staff. Industry Leader Calls CFPB Deputy Director’s Comments ‘Irresponsible’ About Author: Krista Franks Brock Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe in Featured, Government, Headlines, News The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago February 21, 2014 789 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago
When the lights went out all over Georgia, many people learned how dependent they’d become on their stoves and microwaves. How do you fix your food without electricity? Here’s a list of easy foods to stock up on, Harrison said, for the next time the power fails: And while you’re at the store, she said, make sure you have the other things that make powerless cooking work, like plenty of starter sticks for the fireplace, a hand-operated can opener and fuel for the camp stove or grill. Canned meats. Ham, chicken and turkey are available. Look for them on the same grocery aisle as canned tuna in most stores. Packaged pasta mixes or rice mixes. You can even mix these with the canned meat or tuna to create a quick-to-fix “camping meal.” You can easily prepare it in your fireplace, camp stove or gas grill. Hard cheeses. Hard cheddar, Swiss, provolone or mozzarella can be kept even without refrigeration for several hours before they lose quality. And don’t forget the crackers. Canned soups or dehydrated soup mixes. Soup or water can easily be heated in the fireplace or on a camp stove. Fruits. Fresh, canned or dried, fruits are healthful and don’t have to be cooked. Vegetables. Fresh or canned veggies are nutritious and also require little or no cooking. Cereals. Cold cereals can make a meal or a great snack for the kids. And nothing is more soothing on a cold winter morning than a steaming bowl of oatmeal. Be sure to get instant, and just add hot water, straight off the fire or your camp stove. Peanut butter and jelly. Who doesn’t like peanut-butter-and-jelly sandwiches? And what could be easier to “cook”? “A one- or two-burner camping cook stove can come in very handy when the power goes out,” she said. “But you’ll have to go outside to use it.” How and What to Cook Harrison said many packaged food products work well, too. “A boxed macaroni-and-cheese mix cooks in 10 minutes,” she said, “and is great with the beans and wieners.” Easy Foods When Power’s Out Packaged Foods, Reminders “Don’t plan to cook a 12-pound turkey, even if it will fit in your fireplace,” she said. “When you head to the store, think simple. Think, ‘What can I cook in minutes over a roaring fire or outside in a blowing wind — and with the children ‘helping’?'” You certainly don’t have to go hungry, says a University of Georgia expert. You just have to be prepared. Even gas or charcoal grills can be handy in a pinch. The key, Harrison said, is to be smart when you buy the food you’ll have to prepare. “You can cook in the fireplace if you need to,” said Judy Harrison, an Extension Service nutritionist and food safety specialist with the UGA College of Family and Consumer Sciences.