Spring Cleaning: CFPB Dusts Off “Dormant” Authority to Supervise “Risky” Conduct by Nonbanks | Cadwalader, Wickersham & Taft LLP

On April 25, 2022, the Consumer Financial Protection Bureau (CFPB) announced plans to revitalize its authority to examine “nonbank” financial companies that pose risks to consumers. Though the CFPB has held this authority since its creation in 2010, the agency has rarely invoked it, leaving it largely “dormant.” The CFPB’s announcement marks a possible reversal … Read more

Five questions shaping a confounding US economy

The US economy is in uncharted waters as its rapid recovery from the coronavirus recession runs into new obstacles. The April jobs report released Friday showed just how strong the economy has remained two years into a stunning comeback from the steepest decline since the Great Depression. The economy added 428,000 jobs, beating economists’ expectations, … Read more

Kitchens & Baths

Adobe Stock | Michael If you’re stuck in yesterday’s décor, let Hudson Valley’s home pros help renew and refresh your home’s essential spaces. Today’s kitchens and baths have claimed an elevated status when it comes to design and décor and an in-demand industry to match. If it’s time to give yours the attention they need … Read more

Navigating a shifting market with non-QM loan options

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. HousingWire: In today’s tight … Read more

SOUTHERN FIRST BANCSHARES INC MANAGEMENT’S DISCUSSION AND Analysis of Financial Condition and Results of Operations. (form 10-Q)

The following discussion reviews our results of operations for the three month period ended March 31, 2022 as compared to the three month period ended March 31, 2021 and assesses our financial condition as of March 31, 2022 as compared to December 31, 2021. You should read the following discussion and analysis in conjunction with … Read more