Items Tagged with 'FHFA'

ARTICLES

  • Court of Appeals declares FHFA structure unconstitutional

    Majority opinion finds GSE regulator violates separation of powers
    For the third time in recent memory, a government agency borne out of the housing crisis has been declared unconstitutional by a federal court. The first two times it was the Consumer Financial Protection Bureau. But now, it’s the Federal Housing Finance Agency that has been found to be operating in violation of the Constitution.
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  • FHFA: Home prices rise slowly

    Interest rates contribute to continual slowdown
    Home prices increased slightly in April, rising only 1% from March. Capital Economics says as interest rates continue to rise and mortgage lending stays tight, there will be a continual slowdown in annual price growth.
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  • Waters introduces bill to increase FHFA foreclosure oversight

    Seeks to increase oversight of Fannie, Freddie loans
    Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., introduced a new bill that would increase oversight for mortgage servicers who work with Fannie Mae and Freddie Mac. Waters explained borrowers can’t choose their servicer so it’s especially important that Congress provide strong protections to prevent servicers from taking advantage of borrowers and to protect borrowers from foreclosure.
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  • FHFA proposes new rules on Fannie, Freddie capital requirements

    Agency now seeking public comment
    After placing the government-sponsored enterprises into conservatorship in September 2008, the FHFA suspended regulatory capital requirements. Now, it is proposing new rules for Fannie Mae and Freddie Mac's capital requirements, but the rules wouldn't go into effect until the GSEs are out of conservatorship. Here’s what the FHFA is proposing.
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  • MBA Secondary: Predicting the future of housing finance policy

    Will new FHA, FHFA leaders get to implement any changes before the next election?
    With several key housing appointments still vacant and uncertainty building around legislative direction after the upcoming mid-term elections, forecasting the future of housing finance is tricky. But a panel of eminent industry leaders gave it a try at the Mortgage Bankers Association Secondary Marketing conference on Monday.
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    FHFA on credit score delivery: forgotten lessons

    Multiple versions of a credit model may lead to added cost and complexity
    Recently, FHFA posted a Request for Input asking for opinions concerning options for changing the delivery of credit scores to the GSEs, underwriters and investors. FHFA is considering various options to change the current system. Any such choice, in the end, is the outcome of a detailed cost-benefit analysis, but while FHFA acknowledges this, they fall short of providing the necessary framework for reaching an informed conclusion.
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  • FHFA: Home prices still on the rise

    But growth could see moderation in 2018
    Home prices are still on the rise, increasing once again in February. But one expert said a rise in debt-to-income ratios looks to have supported house price gains over the past few months but, with mortgage interest rates now on the rise, he still expects a slight moderation in growth this year.
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  • AMCs respond to FHFA report they bring little value to appraisals

    Just as likely to make mistakes
    When commissioning an appraisal, do AMCs provide a better valuation to mortgage lenders? The FHFA says no and AMCs are not happy: "Our review of the research has uncovered real concerns about the methodology, measures of quality, errors and the insertion of staff opinion that seems to indicate bias."
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