The Federal Housing Finance Agency delayed plans to raise the base guarantee fee by 10 basis points on all mortgages securitized by Fannie Mae and Freddie Mac, giving newly appointed FHFA Director Mel Watt more time to evaluate the changes.
After much fanfare and delay, Rep. Mel Watt was officially sworn in as director of the Federal Housing Finance Agency. Entering his five-year term, Watt becomes the first Senate-confirmed director of the agency.
Currently, Rep. Mel Watt’s, D-N.C., nomination doesn’t have the necessary votes, but the situation remains incredibly fluid. Still, that hasn't stopped policymakers and advocacy groups from dropping breadcrumbs on the confirmation trail.
The greatest guessing game on Capitol Hill appears to be who will lead the conservator of Fannie Mae and Freddie Mac. However, there's no need to guess when the man best suited for the position is already in office.
The Consumer Financial Protection Bureau finalized clarifications to mortgage rules Wednesday, improving consumer protections in qualified mortgages and mortgage servicing.The corrections, clarifications and amendments were first...
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More