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Items Tagged with 'FHFA'

ARTICLES

Monday Morning Cup of Coffee: Mortgage giants warm to principal reduction?

Also 2015 housing finance forecasts galore and key mortgage industry metrics
Trey Garrison
Is principal reduction about to become more common? Who hit the bulls-eye in forecasting 2014, and who just offered bull? And of those hawkeye prognosticators, what do they have to say about 2015? Get it here and get it early.
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FHFA COO found not guilty of threatening Ed DeMarco

Stood accused of threatening to shoot former FHFA acting director
Ben Lane
Richard Hornsby, the chief operating officer of the Federal Housing Finance Agency, was found not guilty of threatening former FHFA Acting Director Ed DeMarco. Hornsby stood accused of threatening to kidnap or injure a person after he allegedly threatened DeMarco at the FHFA’s headquarters in late April.
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GSEs officially update representation and warranty policies

Analysts say impact of long-awaited changes may be minimal
Ben Lane
Fannie Mae and Freddie Mac both announced changes to their respective representation and warranty policies, following through on an announcement made by Federal Housing Finance Agency Director Mel Watt at the Mortgage Bankers Association Annual Convention & Expo in October.
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[CHART] FHFA: G-fees more than double in 4 years

Chronological changes in g-fees
Brena Swanson
The Federal Housing Finance Agency’s sixth annual report on the single-family guarantee fees charged by Fannie Mae and Freddie Mac included data from 2009 to 2013, showing just how intensely g-fees have increased in four years.
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Sen. Warren accuses FHFA’s Watt: “You haven’t helped a single family”

Senator charges FHFA with dereliction on principal reduction
Trey Garrison
What started as a dry, lame-duck session hearing on the Federal Housing Finance Agency in the Senate Banking Committee on Wednesday, got heated when U.S. Sen. Elizabeth Warren, D-Mass., went guns blazing after the FHFA director.
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FHFA Director: "Significant challenges remain" for Fannie Mae and Freddie Mac

Mel Watt makes first appearance before Congress
Brena Swanson
The FHFA director went before the U.S. Senate Committee on Banking, Housing, and Urban Affairs Wednesday morning to give an update on Fannie Mae, Freddie Mac and the Federal Home Loan Bank. And while the government-sponsored enterprises have come a long way since the crisis, FHFA Director Mel Watt noted in his hearing that they still have a ways to go.
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Senate Banking Committee to grill FHFA’s Watt

Will be Watt’s first appearance before Congress as director
Trey Garrison
Federal Housing Finance Agency Director Mel Watt will testify before the Senate Banking Committee on Wednesday, Nov. 19.
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Monday Morning Cup of Coffee: What GOP control means for housing

Affordable housing minefields, getting an FHA loan, and more
Trey Garrison
Are we heading back down the path of dangerous lending and dodgy, politics driven housing policy, or is this much ado about nothing? Plus, wither Washington with the GOP at the helm?
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Redwood Trust enters into risk-sharing agreement with Fannie Mae

REIT hopes this is the “first of many such transactions”
Ben Lane
Under the agreement, Redwood will absorb the first 1% of credit losses on $1.1 billion of new conforming loans it plans to sell to Fannie in the fourth quarter.
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House Financial Committee head says FHFA’s Watt on wrong track

Hensarling: Don’t abandon sound underwriting at Fannie, Freddie
Trey Garrison
Federal Housing Finance Agency Director Mel Watt announced his plans to change some of the housing finance industry lending standards to expand the credit box, and the chairman of the House Financial Services Committee is sounding a warning Watt may be looking at going a bridge too far.
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