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Some of it just crossed the lines in the 'name of consumer protection' but I think it was anything but that. They say it's easier for buyers to figure out - really? I don't think so & I've never had a buyer say this is 'too easy' for me.
Anthony Acosta - ALLAT...
Hopefully some changes occur for the better.
Tony and Suzanne Marri...
I hope it is just revised. The CFPB just uncovered a large student loan fraud from a large servicer that cost $5 billion dollars in 5 years to borrowers. Reminded me of the Wall Street and Banking fraud in real estate. It will happen again without oversight.
As a Mortgage Banker ,Dodd-Frank has been slowly crippling the financial world. Over regulation's, strict (never bend) guidelines,virtually no programs allowed for excellent credit,great LTV, but tight on income. Recently lost a deal for $600K refinance with and 804 FICO on a $1.2million home. Not enough verifiable income. This deal should have been made. For me, Dodd-Frank has limited my income,due to the amount of commission I may earn on a deal. That would be like Realtors being told they can only list for 2%. Trump wants to get rid of it, Barny Frank even admitted that he had no idea the negative impact this had on the financial community. Let's all hope!
Ann Arbor, MI
We will have to wait and see Dorie Dillard
I believe there are still parts that have not yet been implemented !
Michael J. Perry
Ryan Huggins - Thousand Oaks, CA nailed this one!
Ryan Huggins - Thousan...
Thousand Oaks, CA
Dorie Dillard - what Fred Griffin said....
Fred Griffin Tallahass...
I hope revised...
I see some revisions
I think revised - although things are moving and shaking right now in DC so, who knows? This could be completely dismantled too, Dorie Dillard!
It needs some major overhaul... so I don't know if in the end it's easier to dismantle and start from scratch or simply to revise.
It should be repealed.
After some of the things I've discussed with my financial advisor, I hope it gets dismantled. I was used to seeing the things that were there to help consumers, but the emergency liquidation of our money in banks when they have trouble is very concerning.
I have a feeling the new administration is going to take a close look at nearly everything that occurred the last 8 years or so but I am not sure we can predict exactly how it will react. Completely dismantling would be a huge undertaking though. I can see revisions.-Kasey
The new administration is moving at lightning speed, but I don't know if Dodd-Frank is on their list for quick review and change.
we haven't even started to see the changes that are coming in the near future....
Its in the queue to be visited, tried, tested and sentenced....
Ryan Huggins - Thousan...
Thousand Oaks, CA
Major revision might be easier to pass!
It needs some improvements, although it's supposedly preventing a repeat of the Great Depreciation of 2007-20011, I see student loan fraud and banks/insurance companies will always test "the perimeter" for escape hatches and loop holes.
One can only hope; however, I wish we knew.
Hopefully by the peoples request it is revised to get rid of the bad parts.
Should both Dodd Frank and environmental regulations ease, new home construction could finally expend to address inventory shortages that we have in SoCal since the recovery began.
dare we hope.
I'm looking for some improvements.
I would love it if cooler heads prevailed and not involve a knee-jerk reaction.
Hopefully it will be more consumer friendly either way - I hope he does it soon!!!
My crystal ball is not answering this question for me.
Time will tell. Eventually.
Something needs to be done so we will just have to wait and see what the New Administration does. At theleast -- it needs revisions.
It is a mess and should be repealed and then start over. Nothing about it helped the consumer.
I think we are going to see some changes to the act.
Restoring a modern version of Glass-Steagall is likely in order, as well as curing the bias and error in Dodd-Frank. The bigger bomb on a short-fuse is likely the runaway Derivatives market, which Congress voted to not regulate. Boom! (great line by Mark Baum/Steve Carell in "The Big Short")
The future of most things is very uncertain right now.
I'm still trying to wrap my head around all of it.
Will be interesting to see if some is cut or what happens.
Share your predictions in one of your blogs.
I don't really understand all of Dodd-Frank, but I do see how it made it more difficult for family members to finance a home for a relative or friend. I do hope that it is revised for these type situations.
It is a decision for the elected officials of your country to decide.