What Technology Is Changing In Banking For 2018
In the future, financial information and programming will be increasingly available on-the-go. The old days of purely brick-and-mortar banks are over.
2 min read
Justin Kirsch : Thu, May 11, 2017
The Long- and Short-term Impacts of Trump’s Housing Market Policies
Each time a new administration comes into office--whether the same political party or not--there will always be changes. Political leaders are not elected because they support the status quo, but generally because they want to shake things up. Their policy changes can often shift an entire economic sector, such as the housing market. President Trump’s new policies are already changing the borrowing and lending of mortgage funds.
As with political processes and policymaking in any country, some people will benefit and some will lose. There will never exist a one-size-fits-all policy. Here is what U.S. residents can expect going forward with Trump administration's changes/policies regarding housing.
Upholding the FHA's Annual Mortgage Insurance Premium
Lowering the mortgage insurance premiums is part of what Obama had been focusing on toward the end of his administration. Some low-income citizens, looking to purchase a home, were hoping to benefit from the enactment of that policy. However, the Trump administration has decided to suspend the mortgage premium fee reduction. What does this mean?
Short-term impact
Long-term impact
Controlling the Consumer Financial Protection Bureau (CFPB)
Reformation of Wall Street practices is part of the reason the Consumer Financial Protection Bureau was created. The aspect of independence of this agency begs many ongoing questions. With the CFPB under the control of the new administration, its agenda will be determined by the decisions of current policy makers.
Short-term impact
Long-term impact
In the future, financial information and programming will be increasingly available on-the-go. The old days of purely brick-and-mortar banks are over.