[Commentary] Despite the fact that the Republican Party holds a majority in both houses of Congress, progress on reducing governmental regulatory oversight has been slower than many expected. Without evidence of actual change, lenders and servicers can only continue to work for full compliance with existing regulations. So how should they operate moving forward in this period of uncertainty?
This spring-buying season many lenders will be left either trying to entice Millennials into the first-time homebuyer market or chasing home equity loans. Both paths come with challenges, but the latter will be significantly easier with the right information. There are really two key pieces of information that a lender must have to effectively target potential borrowers.
President Donald Trump appointed Calabria to take the helm of the FHFA on December 12, 2018. The Senate then officially confirmed Calabria in April by a vote of 52 to 44 as head of the agency. Since then, Calabria has not been silent on his plan to reform the FHFA and the entities it oversees – Fannie Mae and Freddie Mac.