Monday Morning Cup of Coffee: Judge deals major blow to investors in GSE lawsuit

Monday Morning Cup of Coffee: Judge deals major blow to investors in GSE lawsuit

Fed mortgage stability monitoring nothing more than a myth?

This chart proves mortgage credit availability isn’t improving

Isn't get worse, either

Zillow: Top 10 markets to buy and sell your home now

California takes over one list
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Items Tagged with 'FHFA'

ARTICLES

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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FHFA reps and warrants policies have “significant and unresolved” risks

Watchdog: FHFA’s implementation was rushed and flawed
Ben Lane
In a new report from the FHFA’s Office of the Inspector General, the OIG said that the FHFA mandated a new representation and warranty framework for the GSEs and implemented it “despite significant unresolved operational risks to the Enterprises.” Among those is processes that may not be in place at Fannie Mae until late 2015, for example.
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FHFA, HSBC reach $550M settlement over mortgages

Involves private-label mortgage-backed security laws
Brena Swanson
The Federal Housing Finance Agency announced a settlement for $550 million with HSBC North America Holdings, related companies and specifically named individuals, resolving claims that it violated private-label mortgage-backed security laws.
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Banks hesitant to embrace mortgage solution

Nonbanks to fill in gap?
Brena Swanson
The government released a new proposal for Fannie Mae and Freddie Mac to start purchasing more low-income refinancings in order to show support for such loans. But there is one problem: banks are unlikely to jump on board with the idea.
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Here's strong proof of the wide differences in local house prices

Big data dispels notion of national market
Dr. James Follain and Dr. Michael Sklarz
Living in the world of big data presents both new opportunities to understand housing markets better but also challenges to some ways of thinking built upon the conventional wisdom of the past.
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Fannie Mae widens credit box for failed homeowners

Updates minimum wait periods
Brena Swanson

Good news for failed homeowners: Fannie Mae updated the policy related to the minimum waiting periods following a preforeclosure sale or deed-in-lieu of foreclosure, making it easier for borrowers to jump back into the market.


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Will bankers get easier mortgage insurance rules?

Plans could make borrowing less affordable
Brena Swanson
The Federal Housing Finance Agency’s request for public comment closed on Monday. But before it could, banks along with MGIC cautioned that the plan would make borrowing less affordable for homebuyers unless it is revised.
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CHLA backs FHFA rules on PMI capital requirements

Cautions on how heavy the burden should be
Trey Garrison
The Community Home Lenders Association says it supports the Federal Housing Finance Agency’s objective of ensuring that private mortgage insurers have sufficient capital to meet financial obligations on GSE loans.
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Adopting FICO 9 could increase first-time homeownership

Millenials and Hispanics would see benefits
Kristin Messerli
For years, consumer advocates have been trying to get lenders to consider alternative credit scoring models, such as VantageScore, which can also evaluate consumers with limited credit history. However, Fannie Mae, Freddie Mac, and FHA (who buy 90% of U.S. home loans) have exclusively used FICO scoring models.
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FHFA changes for Federal Home Loan Banks could cripple housing

Local banks, affordable housing and economic development at risk
Trey Garrison
The Federal Housing Finance Agency’s proposal to change membership requirements in the 12 Federal Home Loan Banks will devastate housing finance far beyond its affect on real estate investment trusts, some bankers are saying.
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