Exclusive: Mortgage lender loanDepot will soon offer personal loans

New FICO program reveals credit score to risky borrowers

Idea comes from CFPB request

Is this any way to run a mortgage market?

Here's the right solution
W S

Items Tagged with 'housing reform'

ARTICLES

Mr. Lew and Holder: Tear down this wall of secrecy on Fannie, Freddie profit sweep

Support or oppose ‘3rd amendment sweep’
Trey Garrison
You can oppose or support the third amendment sweep. You can be for or against the recapitalization of the GSEs. But no one, in good conscience, can support keeping the American people in the dark as to why.
Read More

House passes bipartisan regulatory reform bill

Would require more cost-benefit analysis, transparency in regs
Trey Garrison
A bipartisan bill that would shed light on how federal policies affect both businesses and state and local governments passed the House Wednesday. It’s got a clear shot through the Senate but there’s turbulence waiting in the White House. Here’s why.
Read More

Sen. Warren accuses FHFA’s Watt: “You haven’t helped a single family”

Senator charges FHFA with dereliction on principal reduction
Trey Garrison
What started as a dry, lame-duck session hearing on the Federal Housing Finance Agency in the Senate Banking Committee on Wednesday, got heated when U.S. Sen. Elizabeth Warren, D-Mass., went guns blazing after the FHFA director.
Read More

GOP Congress likely to reform CFPB in 2015

Street: Fannie, Freddie reform unlikely in 114th Congress
Trey Garrison
There won’t be any real movement on GSE reform, but there may be a serious heeling of the Consumer Financial Protection Bureau, according to one mortgage finance expert. That's a very different line than the one being published by HUD secretary, Julian Castro.
Read More

Castro: Broad support for ending Fannie Mae and Freddie Mac

Will it be a priority in the administration’s final two years?
Brena Swanson
While the complete overhaul of the government-sponsored enterprises has continuously been an issue in Washington, it has not always been a top priority. Well, it may now be back at the top of the pile for priorities.
Read More

The top 10 critical issues facing GSE reform

Urban Institute: Reform in limbo
Brena Swanson
Almost six years into conservatorship and barely any progress has been made to reform Fannie Mae and Freddie Mac or create a new housing system. But before reform can even happen, the Urban Institute said these 10 design issues need to be addressed.
Read More

KBRA's Whalen extinguishes any hope of housing reform

"What happens if nothing happens?"
Brena Swanson
Five years past the financial crisis, and Congress has continuously gone back and forth on what to do about the housing market, with strong emphasis on reworking Fannie Mae and Freddie Mac. But what if all this talk in Washington over housing reform is just that—talk.
Read More

FHFA Inspector General counters: Here's why nonbanks need prudent regulation

Nonbanks hold $1.4 trillion of $10 trillion market
Brena Swanson
The Federal Housing Finance Agency Office of the Inspector General suggests the FHFA establish a risk management process unique to nonbank special servicers. This is to better oversee how the GSEs control inherent risks in transferring mortgage servicing rights and performing large scale servicing operations.
Read More

MBA CEO: Future of housing held back by sick market

David Stevens says the status quo is not an option
Trey Garrison
The head of the Mortgage Bankers Association returned to a controversial term he used four years ago to describe the state of housing finance. Frustration over action — and inaction — in Washington last week was visible just beneath the surface of the remarks.
Read More

Sen. Johnson: We'll reconvene on GSE reform Thursday

"Give my creation life?"
Trey Garrison
Senate Banking Committee Chairman Tim Johnson, D-S.D., announced Monday afternoon that his committee will reconvene in executive session to consider the Johnson-Crapo GSE reform bill, a move that could revive a bill many observers had thought dead.
Read More