Fannie Mae will buy 97% LTV mortgages

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
W S

Items Tagged with 'FDIC'

ARTICLES

FDIC allotted $1.03 billion of BofA settlement

Claim connected to 26 failed banks
Brena Swanson
Included in Bank of America's settlement with the Depart of Justice, the Federal Deposit Insurance Corporation as receiver for 26 failed banks will receive $1.03 billion.
Read More

Federal regulators order big banks to fix “living wills”

Bank of America, JPMorgan Chase, others told to fix bankruptcy plans
Ben Lane
"The living wills before us fail to fully acknowledge these issues and ignores other operational issues," said Thomas Hoenig, FDIC vice chairman. "They demonstrate little ability to cope adequately with failure without some form of government support. The economy would almost surely go into crisis."
Read More

Monday Morning Cup of Coffee: Homeownership rate headed to historic lows?

More racial discussion in housing
Ben Lane
BofAML analysts suggest that the "scars" of the housing crisis may drive homeownership rates down to levels not seen in 40-50 years. Plus other interesting notes that crossed HousingWire's news desk over the weekend.
Read More

FDIC report confirms banks' mortgage exodus

Reduced mortgage volumes driving down earnings
Ben Lane
According to the FDIC quarterly banking profile, this marks only the second time in the last 19 quarters that the industry has reported a year-over-year decline in quarterly earnings. To make matters just a little bit worse, both declines have occurred in the last three quarters.
Read More

Monday Morning Cup of Coffee: Will Citi follow in JPMorgan, Wells Fargo footsteps?

Also, criticism grows for FHA fees
Jacob Gaffney
In an important week on earnings, analysts lay out the scenario of performance for Citigroup. Plus, mortgages are growing at smaller lenders, criticism of the FHA continues, and the investor plan to buy a Baltimore bank appears in jeopardy.
Read More

GOP wants CFPB merged with other regulators

Democrats think cost-benefit analysis is 'dangerous'
Trey Garrison
The House Financial Services Committee hearing on the economic consequences of regulatory rulemaking and enforcement got heated because Democrats don't want cost-benefit analysis and Republicans want to merge regulators and bring them under Congressional oversight.
Read More

Are post-crisis credit requirements holding back 1.2M mortgages?

Researchers at the Urban Institute say yes, and explain how
Trey Garrison
The number of mortgages that could be made if credit conditions and requirements were at traditional, pre-crisis levels could top 1.2 million.
Read More

Monday Morning Cup of Coffee: Fannie, Freddie investors speak out

Winter housing troubles persist into Spring buying season
Brena Swanson
There is roughly one month left of winter; however, if the housing market continues down the same path, the outlook for spring may not be too warm. Plus, the real reason, unmentioned in the media, about why the Blackstone CEO received a massive bankroll.
Read More

Bank earnings are booming, but there's a big problem

Mortgages exiting the industry
Brena Swanson

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. posted the 17th straight quarterly increase since 2009 due to an $8.1 billion decline in loan-loss provisions. However, the industry is not through the storm just yet, with several factors still inhibiting progress.


Read More

Seven defendants indicted in $49.6M mortgage fraud scam

Corrupt dealings alleged in North Carolina property deals
Kerri Ann Panchuk
Another alleged mortgage scam is broken up. This one ended up costing big banks, such as Bank of America and SunTrust, millions of dollars, with the grand tally coming to $49.6M in fraudulent loans.
Read More