Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

America’s lost decade; FHA fees drag; Mortgage lending, RMBS slow to a crawl

Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"

Items Tagged with 'Federal Housing Finance Agency'


Mortgage insurer ratings safe despite potential FHFA rule changes

S&P: Transition period provides sufficient time
July 25, 2014
Despite the FHFA's decision to revise its private mortgage insurance requirements, Standard & Poor’s Rating Services forecasts that insurers will maintain strong ratings in the immediate term.
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FHFA watchdog raises concerns about nonbanks

Explosive growth of nonbank lenders comes with risks to GSEs
July 17, 2014
The increase of nonbank and smaller lenders has its positives and negatives, according to the FHFA-OIG. Nonbanks reduce the concentration of the financial exposure to the GSEs' largest counterparties, but there are credit, operational and reputational risks.
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FHFA seeks to reduce private insurance risk

Calls for input on draft requirements
July 10, 2014
The Federal Housing Finance Agency is trying to reduce its credit risk after taking a giant hit from the financial crisis. As a result, it is seeking input on drafting new requirements that would apply to private mortgage insurance companies.
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Here's how HARP misses the mark

5 years later and steady rate declines
July 9, 2014
While HARP is there to help the borrowers that were reliable during the financial crisis, there is one big problem in the program.
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HARP remains set to expire in 2015

Rumors of extensions doused
July 8, 2014
Respite industry speculations, Federal Housing Finance Agency Director Mel Watt did not extend the Home Affordable Refinance Program Tuesday.
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FBR: Make credit available or we won’t see $1 trillion in originations

Weak May and June continue to drag market down
July 8, 2014
Nothing happens in this industry without mortgage originations. They’re the lifeblood of this industry. Without originations, there are no servicing rights available for purchase and there are no securitizations to invest in.
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HARP to extend until 2016?

Falls in line with HAMP
July 7, 2014
At the end of June, U.S. Treasury Secretary Jacob Lew announced the extension of HAMP until at least Dec. 31, 2016. Now there is debate over whether or not the same extension will be applied to HARP.
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Nationstar: "Our capital and liquidity position remain strong"

FHFA blocked servicer's MSRs
July 2, 2014
Although the Federal Housing Finance Agency Office of the Inspector General’s most recent report over nonbank special servicers tried to keep the troubles of one company anonymous, all fingers point to Nationstar.
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FHFA assists 3.2 million troubled homeowners

June 27, 2014
The number of foreclosure prevention actions completed during the first quarter was slightly down from the fourth quarter of 2013, falling to 88,800 from 99,704.
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FHFA: Mortgage interest rate drops in May

June 26, 2014
The national average contract mortgage rate for the purchase of previously occupied homes by combined lenders index came in at 4.18% for loans closed in late May, as the contract rate on the composite of all mortgage loans dropped to 4.14% from 4.23% in April.
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