EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

Mark Wittstadt: Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm

What to expect when you’re expecting a CFPB administrative action

A deeper look at PHH ruling reveals how the bureau views enforcement

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more
W S

Items Tagged with 'FHFA'

ARTICLES

Fannie, Freddie CEOs get a well-deserved huge boost in pay

It's about time
Jacob Gaffney
Early last month, the wheels were set in motion to increase CEO compensation of the government-sponsored enterprises to a level similar to CEOs doing the same jobs at other companies. The FHFA director wants this but the White House doesn't. The FHFA is right. Here's why.
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From HW Magazine

Smoking gun?

What a Treasury memo reveals about its intentions for GSEs and investors
Trey Garrison
The Treasury document also contradicts statements made a number of times by Treasury officials about the capital ratios that Fannie Mae and Freddie Mac would have to maintain. The document claims the percent is 3% to 4%, while statements since then have claimed 10%.
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The history of g-fees

FHFA gives update to Congress
Brena Swanson
The average level of guarantee fees charged has increased since 2009. However, as the study shows, the changes will result in little or no change to borrowers. This chart gives a comprehensive history of g-fees since 2008.
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Treasury sweep of Fannie, Freddie shareholder profits "costly for housing"

National Law Review: FHFA in “breach of its duties under HERA”
Trey Garrison
Yale Law School lecturer Logan Beirne examined a lawsuit recently filed by three Fannie Mae and Freddie Mac investors accusing the federal government of exceeding its authority as a conservator, and in a National Law Review article, he supports their contention.
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U.S. Conference of Mayors: Don’t sell non-performing loans to Wall Street

Mayors tell HUD, Fannie and Freddie to sell to non-profits instead
Ben Lane
The U.S. Conference of Mayors is joining a growing chorus calling on the U.S. Department of Housing and Urban Development, Fannie Mae and Freddie Mac to stop selling pools of non-performing loans to “Wall Street speculators,” and requesting that the pools be sold instead to non-profits interested in keeping homeowners in their homes.
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FHFA: Home prices slightly rise in April

Prices grew across all regions over the year
Brena Swanson
Home prices slightly increased in April, inching up 0.3% from March, after reporting a rise in March.
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Housing advocates: FHFA won’t reduce principal, offers discounted NPLs

Auctions benefit Wall Street and hurt low-income communities
Trey Garrison
Two liberal advocacy groups have published a provocative study accusing the Department of Housing & Urban Development and the Federal Housing Finance Agency of helping Wall Street at the expense of low-income communities by selling non-performing loans to investors. Are they right?
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FHFA's 2014 report to Congress

A look back at the agency's success
Brena Swanson
The Federal Housing Finance Agency released its 2014 report to Congress giving an update on what exactly went on at the agency in 2014. Here's where it met it standards.
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ICYMI: Three convicted of $7M loan modification scam

Victims lost homes to foreclosure
Trey Garrison
The three defendants were convicted by a federal jury of offering bogus loan modification programs to thousands of financially distressed homeowners. Here are more ugly details.
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JPMorgan Chase mortgage banker sentenced for bribery, tax evasion

Sold mortgage loans to "preferred customers"
Trey Garrison
A Texas mortgage banker was sentenced to six months in prison, followed by six months of home confinement, for her role in a commercial bribery and tax evasion scheme in selling mortgage loans to preferred customers on the secondary market in exchange for payment.
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