Debora Aydelotte is the COO of Credit Risk Solutions, a Computershare company and a Denver-based provider of consultative residential mortgage fulfillment and due diligence services. She can be reached at Debora.Aydelotte@computershare.com.
[Expert commentary] When consumers feel good about their financial future, it tends to be reflected in the housing market. For that reason, it’s hard not to see good things in the recent Consumer Sentiment and Consumer Confidence indices, two key barometers used to gauge the direction of the economy. Yet while the view from the windshield of the economy seems clear, the traffic maps show a good deal of congestion and uncertainty ahead.
[Op-Ed] What we all knew would happen has finally happened — the director of the Consumer Financial Protection Bureau, Richard Cordray, has stepped down and has been replaced with a person more aligned with the current administration. It’s what always happens when there’s a change of power. But Cordray’s replacement is just one of several new voices on Capitol Hill that are about to reshape housing policy as we know it.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.