FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
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Items Tagged with 'Treasury'

ARTICLES

Investors Unite fires back at WSJ columnist in Fannie, Freddie recap row

IU: “Carney never lets facts get in the way of a good column”
Trey Garrison
The fight over what to do with the government-sponsored enterprises continues to rage, and this week it’s like an immovable object and an irresistible force are colliding.
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Housing’s critical problems are “intrinsic to the GSE charters”

Private capital at the center of reform
Brena Swanson
Michael Stegman, counselor to the secretary for housing finance policy with the Treasury, said at the Goldman Sachs Housing Finance Conference Thursday morning, that the current status quo is unsustainable and taxpayers are still on the hook.
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Fannie Mae and Freddie Mac are better than ever

Despite negative earning reports
Brena Swanson
Although it may look like Fannie Mae and Freddie Mac are in financial trouble again, both government-sponsored enterprises have emerged from the financial crisis churning out more profits before taxes than they ever have before.
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Investors Unite forges ahead with plan to end Fannie, Freddie conservatorship

Lawsuits, appeal to come even as white paper presented
Trey Garrison
The decision by retiring U.S. District Judge Royce Lamberth to dismiss one of the lawsuits brought against the Department of Treasury by Perry Capital and Fairholme Funds may have set back GSE investors. But it won't stop them.
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Monday Morning Cup of Coffee: Judge deals major blow to investors in GSE lawsuit

Fed mortgage stability monitoring nothing more than a myth?
Trey Garrison
Is the case against Treasury crippled? Is the idea of the Fed maintaining mortgage market stability a unicorn? What happens when 3,500 structured finance professionals get together in Miami for three days? Read on and find out.
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Call to end Treasury secrecy on Fannie and Freddie gets louder

Treasury continues to fight discovery, open records in lawsuits
Trey Garrison
A coalition of 17 conservative and free-market public policy groups sent a letter to the ranking members of the House Finance Services Oversight and Investigative Subcommittee urging them to demand more transparency and accountability regarding the “Third Amendment Sweep” of the six-year GSE conservatorship agreement from the U.S. Treasury.
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FOMC tapers another $10 billion

Bond purchases nearly over as October approaches
Brena Swanson
The Federal Reserve decides to taper another $10 million in bond purchases. However, the FOMC cautioned that there remains significant underutilization of labor resources, with the recovery in the housing sector moving at a slow pace.
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Did Treasury plan to shortchange Fannie, Freddie investors?

As more layers peel away, a pattern forms
Trey Garrison
A report on TheStreet.com Tuesday focusing on the potential for conflict of interest in Blackstone serving as an advisor to the U.S. Department of Treasury missed a much bigger story.
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Former Treasury general counsel George Madison joins Sidley Austin

Served as advisor to Timothy Geithner, helped formulate Dodd-Frank
Ben Lane
Madison was appointed to his role at the Treasury by President Obama and confirmed unanimously by the Senate. As general counsel, Madison was the chief law officer of the Treasury and a senior policy advisor to the Secretary of the Treasury, Timothy Geithner.
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Obama administration reveals plan to jump-start housing

Extends HAMP to 2016, announces measures to attract private capital
Ben Lane
Citing the lack of private capital in the market, the dearth of affordable rental options and the abundance of Americans who are facing foreclosure or are underwater on their mortgages, Treasury Secretary Jacob Lew announced three new plans to boost housing in the U.S.
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