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Items Tagged with 'Ed DeMarco'


Risky housing policies and the slowly inflating bubble

Under-employed and shrinking work force big factors
Lynn Effinger
One media report quoted DeMarco as saying that in the past year we have seen a renewed policy focus on questions regarding access to credit, which, in his view can risk repeating the approach that contributed to the financial crisis. There are many other warning signs, as well.
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FHFA COO found not guilty of threatening Ed DeMarco

Stood accused of threatening to shoot former FHFA acting director
Ben Lane
Richard Hornsby, the chief operating officer of the Federal Housing Finance Agency, was found not guilty of threatening former FHFA Acting Director Ed DeMarco. Hornsby stood accused of threatening to kidnap or injure a person after he allegedly threatened DeMarco at the FHFA’s headquarters in late April.
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Wells Fargo expects G-fee change next year

Analysts predict a 10bp increase
Ben Lane
Wells Fargo’s analysts suggest that the FHFA may increase the G-fees by 10 basis points on average, as was announced last year, “but with less risk-based pricing than in the FHFA’s previous proposed g-fee increases.”
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FHFA COO arrested, charged with threatening Ed DeMarco

Also banned from FHFA's offices
Ben Lane
According to court records, Hornsby was charged with one felony count on April 30 and issued a “do not assault, threaten, harass or stalk” order, preventing him from taking any further action against then acting director Ed DeMarco.
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Parting FHFA Director DeMarco gives one last call for GSE reform

Terminates position at end of April
Brena Swanson
“My earnest hope is that recent legislative initiatives in the House and the Senate lead to the consensus needed to bring such legislation to enactment,” DeMarco said in his parting letter to director Mel Watt.
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Mel Watt nomination means 'status quo' for the mortgage industry

Comprehensive Fannie, Freddie reform is out
Kerri Ann Panchuk
Mel Watt as FHFA director means more of the same for the housing industry, and you can forget comprehensive Fannie and Freddie reforms, market analysts say.
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U.S. Senate confirms Mel Watt as next FHFA director

Congressman secures 57 Senate votes
Kerri Ann Panchuk
It's official: The U.S. Senate has voted to confirm Congressman Mel Watt, D-N.C., as the next director of the Federal Housing Finance Agency.
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Senate green lights full vote on Mel Watt FHFA nomination

Vote and official appointment could come this afternoon
The U.S. Senate held a procedural vote on Mel Watt’s nomination to lead the Federal Housing Finance Agency this morning. A full vote and his official confirmation could come as early as this afternoon.
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FHFA leadership shift could impact HARP eligibility

Various coupons at-risk of change
Kerri Ann Panchuk
With Sen. Harry Reid, D-Nev., changing the voting threshold in the Senate for new presidential appointments, analysts are prepping investors for changes in HARP-eligibility requirements.
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FHFA directs GSEs to restrict force-placed insurance practices

Limitation of practices may squeeze lenders, taxpayers
Christina Mlynski
The Federal Housing Finance Agency is directing Fannie Mae and Freddie Mac to restrict forced-placed insurance practices, which is a follow up from a notice the agency published in March regarding its views on such practices.
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