Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance
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Items Tagged with 'mortgage finance'

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Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
Trey Garrison
The Senate Committee on Banking, Housing and Urban Affairs passed “The Financial Regulatory Improvement Act of 2015” on Thursday, which will, if it makes it through the bill-making grinder and gets passed into law, bring big changes to the red tape the mortgage finance industry is tied up in.
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Trending Thursday: Housing, mortgage finance getting a break from Washington?

Plus untying Fannie, Freddie and the whole Gordian knot of conservatorship
Trey Garrison
A lot of changes could be on the horizon for housing, mortgage finance, Fannie, Freddie and the whole housing shebang. Here's the latest from Washington and beyond.
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It's official: NYDFS Superintendent Ben Lawsky stepping down

4 years as leader of “long reach” New York financial regulator
Trey Garrison
Rumors that Lawsky would be stepping down have been circulating since November, but today’s announcement made it official. The man lauded as an exceptional financial regulator in some quarters, and a thorn in the side of the mortgage industry in others, is now moving on.
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Mortgage applications drop for another week

Refinancings gain but purchase apps drag
Trey Garrison
The recent run up in mortgage rates may be what’s dragging down purchase apps, but government refinancings gained over the week.
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FHFA Inspector General details future profitability of Fannie and Freddie

Study on the future of the GSEs
Trey Garrison
In the last six months the FHFA-OIG has focused on policies driving the nation’s housing finance system, plus the present and future of the GSEs. Here’s a look at the report.
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Fannie, Freddie single mortgage-backed security takes shape in new FHFA update

Details emerge as input still sought on structure
Trey Garrison
The Federal Housing Finance Agency on Friday reported work continues apace on the proposed single mortgage-backed security for the GSEs. Here's where it stands and what's next.
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Dodd-Frank reform, TILA-RESPA dominate House hearings

Committees dig into details of regulatory oversight
Trey Garrison
At least three hearings on Capitol Hill this week should grab the attention of the housing industry, spanning the gamut from Dodd-Frank to TILA-RESPA and more. Here's where the action will be.
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Nomura found liable for selling toxic mortgages to Fannie, Freddie

Judge: Magnitude of falsity “enormous”
Trey Garrison
A federal judge ruled Monday that Nomura Holdings misled Fannie Mae and Freddie Mac when it made false representations about the quality of mortgages that were used to back $2 billion in securities it sold to the GSEs. The judge said the “magnitude of falsity, conservatively measured, is enormous."
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Moody’s: Stopping eminent domain seizures of underwater mortgages a credit positive

Bill that would thwart municipal seizures good for RMBS
Trey Garrison
The House of Representatives’ Appropriations Subcommittee approved a bill last week for the fiscal year that would keep municipalities from using eminent domain to seize underwater mortgages. Here's why Moody's Investors Service says it's a good thing for investors.
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Investor gets 4 years in $21.8M flipping scheme

Found guilty of federal wire fraud
Trey Garrison
A real estate investor was found guilty of wire fraud and ordered to pay $21.8 million in restitution plus forfeit another almost $4 million in proceeds. Here's how they got him.
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