Bank of America: 'We provide all required MSR documents'

Bank of America: 'We provide all required MSR documents'

Responds to Ginnie Mae MSR transfer block

17% of homes with a mortgage seriously underwater

Share of underwaters continues slow decline

Here are 5 bold mortgage predictions from KBW

Q1 mortgage volume predicted to be $20 billion lower

Items Tagged with 'Carol Galante'


Wells Fargo to expand acceptance of e-sign docs

April 15, 2014
The move comes months after the Federal Housing Administration’s announcement that it would be accepting more electronic signatures on mortgage-related documents as well.
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FHA to Realtors (and everyone else): We’re not lowering rates

But acknowledged that rates may have reached a “tipping point” that could drive buyers away
April 10, 2014
"Now is not the time to roll those premiums back," Federal Housing Administration Commissioner Carol Galante said. "Right now we are priced appropriately and are reaching out to creditworthy individuals.”
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CBO: FHA reform bill could save government $514M

Insurance premiums would rise to meet capital requirements
November 19, 2013
The Senate proposed FHA Solvency Act could reduce federal discretionary spending by $514 million over a four-year period of time while forcing the FHA to build up to a 3% capital ratio, the Congressional Budget Office said.
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Investors sit on the sidelines waiting for housing reform

Private capital may be needed, but attracting it remains a challenge
October 28, 2013
Some mortgage gurus firmly believe private investors will not take a stake in the future secondary mortgage market until clear competitors are established. This particular construction creates an unfortunate catch-22.
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FHA Commissioner: Government should act as backstop to private capital

Carol Galante shares her views on housing's future
October 24, 2013
FHA Commissioner Carol Galante argued this week that housing finance reform needs to be a top priority to keep the housing recovery on track.
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FHA needs $1.7B bailout

Decline in FHA endorsement volume leads to shortfall
September 27, 2013
The Federal Housing Adminstration will require a $1.7 billion bailout from the Treasury to cover projected losses in mortgage-related programs, officials told Congress in a letter Friday.
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Mega FHA bailout reportedly in the works

Rep. Garrett: Bailout news not a surprise to lawmakers
September 25, 2013
Lawmakers who stand against the current structure of the Federal Housing Administration were among the first to pipe in when reports of a possible FHA bailout surfaced again this week.
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FHA Solvency Act heads to Senate

July 31, 2013
Sens. Tim Johnson and Mike Crapo’s bipartisan FHA Solvency Act of 2013 passed committee by a vote of 21-1.
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FHA Commissioner fields questions on agency's solvency

Galante cites positive trends in testimony
July 24, 2013
Galante says agency focused on replenishing capital reserves.
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FHA wants authority to transfer loan servicing to prevent risk of losses

June 21, 2013
The Federal Housing Adminstration wants Congressional authority to transfer an FHA-insured mortgage to another servicing shop whenever a loan poses a threat to FHA's mutual mortgage insurance...
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