Monday Morning Cup of Coffee: Time to cut the MLS cord?

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs

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
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Items Tagged with 'Federal Housing Finance Agency'

ARTICLES

Fannie and Freddie set new financial rules for mortgage servicers and sellers

Specifically targets nonbanks
Ben Lane
The GSEs announced Wednesday that they are issuing new operational and financial requirements for all current and potential sellers and servicers that do business with the government sponsored enterprises, making official the proposed rules issued in January.
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FHFA, Fannie, Freddie say single securitization still years away

Secondary market gets much-awaited update
Ben Lane
Despite being asked pointedly during the “Update on the GSE Single Security and Common Securitization Platform” panel at the Mortgage Bankers Association’s National Secondary Market Conference, representatives from the Federal Housing Finance Agency, Fannie Mae, Freddie Mac, and Common Securitization Solutions all said that the development of single security is still years way from implementation, without specifying just how many years that might be.
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FHFA: HARP now extended through 2016

Matches HAMP deadline
Brena Swanson
After industry rumors of an extension over the past year, the Federal Housing Finance Agency finally announced it is extending the Home Affordable Refinance Program until the end of 2016. Will this be the last extension for HARP and HAMP?
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FHFA eases limits on GSE multifamily lending

Exempts additional types of multifamily mortgages
Brena Swanson
The Federal Housing Finance Agency has announced that Freddie Mac and Fannie Mae can increase their financing of multifamily mortgages, avoiding even more credit tightening.
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FHFA opens door for potential Fannie, Freddie CEO raises

Industry and politicians criticize proposal
Brena Swanson
The CEOs of Fannie Mae and Freddie Mac are in line for a potential pay raise, but the new opportunity has been met with sharp opposition from both the industry and those with political influence.
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Fannie, Freddie could cost taxpayers $157.3 billion in a crisis

Status of the GSEs under severely adverse conditions
Brena Swanson
The results of the stress tests are in and the findings are still a concern for taxpayers. Fannie Mae and Freddie Mac could require up to $157.3 billion if another crisis were to occur.
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FHFA: Mortgage interest rates slightly rise in March

Still remain at record lows
Brena Swanson
Interest rates on conventional purchase-money mortgages slightly increased from February to March. But despite the slight rise, rates are still significantly down from a year ago.
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Freddie Mac targets smaller investors with new non-performing loan sales

New program features smaller pools and longer marketing timelines
Ben Lane
Freddie Mac announced a new program for auctioning off pools of deeply delinquent non-performing loans from its mortgage investment portfolio. The new program will target smaller investors by making smaller pools of non-performing loans available.
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Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults
Ben Lane
A consortium of housing advocacy groups is calling on the U.S. Department of the Treasury, the Federal Housing Finance Agency, and the Consumer Financial Protection Bureau to investigate “pro-foreclosure campaigns,” which the groups say are being perpetrated by “Wall Street giants including the largest hedge funds, mortgage bond traders, and insurance companies.”
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Nomura and RBS await judge ruling on FHFA mortgage lawsuit

FHFA sues over faulty mortgages
Brena Swanson
All sides have given their closing arguments in the FHFA’s trial against Nomura Holdings and the Royal Bank of Scotland. Now it's up to the judge to decide if mortgages sold to Fannie Mae and Freddie Mac were misrepresented when packaged into securities.
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