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...
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