Bill to kill $3M raises for Fannie, Freddie CEOs gains momentum

Bill to kill $3M raises for Fannie, Freddie CEOs gains momentum

Rep. Ed Royce-sponsored bill now has bipartisan support

First look: Architect Magazine showcases Fannnie Mae’s new corporate digs

It’s big and beautiful and it saves the GSE money

Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common
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Lending

Bill to kill $3M raises for Fannie, Freddie CEOs gains momentum

Rep. Ed Royce-sponsored bill now has bipartisan support

A bill that would eliminate the proposed $3 million pay raises for the CEOs of Fannie Mae and Freddie Mac is now one step closer to becoming law, as the bill advanced past the markup stage and is now set for a full vote of the House Financial Services Committee with bipartisan support in tow.


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Dimont announces sweeping senior management changes

Names new CEO, CFO, general counsel; promotes other senior staff
Dimont, which divested itself last year from the now-bankrupt Wingspan Portfolio Advisors, announced a series of significant changes to its senior management. Dimont provides insurance-related services and hazard claims insurance processing services to the residential and commercial mortgage industries.
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This is why loan fraud is running rampant

Most applications have false information
Loan fraud is rampant and is on the rise. According to the LexisNexis 2014 Mortgage Fraud report, 74% of loans reported in 2013 involved some kind of fraud or misrepresentation versus 69% in 2012. Here are several tips to help combat the issue.
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Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common
Despite pushes from the Federal Housing Finance Agency and the Federal Housing Administration, lenders are still applying additional credit overlays to loans delivered to Fannie Mae and Freddie Mac, a new survey of lenders showed. Here are all the details.
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Key housing, mortgage finance bills facing markup in House

Fannie-Freddie CEO compensation, TRID grace period up for grabs and more
A number of bills critical to the housing and mortgage finance industry are under the spotlight today in the House, including limits on regulators, a TRID grace period and a cap on the salaries for the CEOs at Fannie and Freddie.
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