Senate approves short sale tax break

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse
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Items Tagged with 'Carol Galante'

ARTICLES

FHA Commissioner Carol Galante to step down

Industry applauds her positive impact on housing
Brena Swanson
After years of helping the economy recover from the financial crisis through her role as commissioner at the Federal Housing Administration, Galante announced her decision to leave the U.S. Department of Housing and Urban Development. She will return to California to start teaching at the University of California, Berkeley in January.
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FHA announces plan to expand credit access

Plan offers MI discounts for borrowers, provides clarity on FHA policies
Ben Lane
The Federal Housing Administration has released its “Blueprint for Access” which outlines the additional steps the agency is taking to expand credit access for “underserved borrowers.”
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Wells Fargo to expand acceptance of e-sign docs

Ben Lane
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
Ben Lane
"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
Kerri Ann Panchuk
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
Christina Mlynski
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
Christina Mlynski
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
Christina Mlynski
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
Kerri Ann Panchuk
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

Christina Mlynski
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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