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Items Tagged with 'Fannie Mae'

ARTICLES

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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Treasury doesn’t want former Fannie CFO in GSE investor lawsuit

Claims despite his expertise Howard would be biased
Trey Garrison
A week ago HousingWire first reported that former Fannie Mae CFO J. Tim Howard was hired by Fairholme Funds in their lawsuit against the U.S. Treasury, and now the government is arguing against allowing Howard access to 800,000 pages of discovery documents.
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Should mortgage technology and data be universally shared?

Yes, and no
Jacob Gaffney
The sharing of what works seems to be an agreed-upon process. But when it comes to mortgage technology and/or data, there is no clear consensus that advances should be universally shared.
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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 why some homeowners throw away $11,500 a year on mortgage payments

Borrowers fail to refinance despite great market conditions
Brena Swanson
While buying and financing is one of the most important financial decisions a household can make, they are failing at making it to the next step: refinancing. Here's why.
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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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MBA opposes any arbitrary increases in g-fees

Stevens: G-fee increase won’t bring in private capital
Trey Garrison
The Mortgage Bankers Association has responded to request for input from Fannie Mae and Freddie Mac on proposed raises in g-fees and loan-level price adjustments, saying it opposes increases in either.
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Fannie Mae: Here’s why more Americans aren’t buying homes

…And 2015 doesn’t look too much better
Brena Swanson
"The deterioration in consumer attitudes about the current home buying environment reflects a shift away from record home purchase affordability without enough momentum in consumer personal financial sentiment to compensate for it," said Doug Duncan, senior vice president and chief economist at Fannie Mae.
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Monday Morning Cup of Coffee: Housing walks a tightrope

Housing 2014: Finance challenges, pricey houses, mixed gov't messages
Trey Garrison
The rest of 2014 is going to be a challenge for homebuyers, for housing finance, for real estate agents and for housing regulators, thanks largely to the first half of 2014. It's a thin line housing has to walk to come out of this on top, and Washington isn't helping.
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