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.
They pulled off the kid gloves and the boxing gloves at the House Financial Services Committee, going full-on brass knuckles on the Consumer Financial Protection Bureau and its director, who was there to give his semi-annual report to Congress. Republicans targeted the CFPB, and the Democrats targeted Republicans.
Despite a lot of topics on the plate of the Financial Services Committee to debate, they could not seem to get away from the discussion of the Consumer Financial Protection Bureau. This being just one of the several topics discussed.
With the release of GSE reform legislation from Representative Maxine Waters, there are now four different proposals to wind down Fannie and Freddie and create a new mortgage market structure in the U.S. But have we reached the saturation point of GSE reform proposals?
The nation is headed on a destructive path to an overwhelming pile of national debt, Financial Services Committee chairman Jeb Hensarling, R-TX, said during the first hearing in a series planned to focus on attention on the impact of the nation’s debt on the economy.
Financial Services Committee Chairman Jeb Hensarling, R-TX, emphasized that the idea that Fannie Mae and Freddie Mac are close to paying back taxpayers for the largest bailout in American history are completely false.
A wide range of companies making the 2014 HW Fast50 suggests that — are you ready for this? — maybe things aren't as bad in the U.S. mortgage and housing markets as some breathless press might otherwise suggest. After all, our rankings this year include mortgage insurers, investors, loan servicers, technology specialists and dot-coms, home builders, real estate services companies, mortgage bankers and more..
Last October, HousingWire highlighted several correspondent lenders and gave a broad overview of where this division of mortgage finance was heading. We are happy to report that those lenders are still doing a robust set of business, although the road remains no less rocky. But as we said last year, at least there’s a road to begin with. Read More
As our business moves into a new era of low profitability, increased expenses, and intense regulatory scrutiny, virtually every mortgage executive needs to experiment with ways to increase productivity and CFPB compliance while reducing overall operating costs. Read More