June 6, 2016
What Are Mortgage Borrowers Thinking?
The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have released A Profile of 2013 Mortgage Borrowers: Statistics from the National Survey of Mortgage Originations. While sounding dull and perhaps a bit dated, this document is actually … Continue reading
June 6, 2016 in Federal Housing Finance Agency | Permalink | No Comments
April 28, 2016
Republicans Ready for GSE Reform?
Senator Shelby (R-AL), the Chair of the Senate Committee on Banking, Housing and Urban Affairs, sent a letter to the U.S. Government Accountability Office regarding the future of Fannie Mae and Freddie Mac, sometimes known as the “enterprises.” It provides an … Continue reading
April 28, 2016 in Federal Housing Finance Agency | Permalink | No Comments
April 22, 2016
Nonbank Mortgage Servicers and the Foreclosure Crisis
The United States Government Accountability Office has issued a report, Nonbank Mortgage Servicers: Existing Regulatory Oversight Could Be Strengthened. The GAO found that The share of home mortgages serviced by nonbanks increased from approximately 6.8 percent in 2012 to approximately 24.2 … Continue reading
April 22, 2016 in Federal Housing Finance Agency | Permalink | No Comments
April 19, 2016
Principal-ed Forgiveness
The Federal Housing Finance Agency announced a new program to implement principal reduction for seriously delinquent, underwater homeowners who meet the following criteria: Are owner-occupants. Are at least 90 days delinquent as of March 1, 2016. Have an unpaid principal balance … Continue reading
April 19, 2016 in Federal Housing Finance Agency | Permalink | No Comments
March 30, 2016
Road to GSE Reform
A bevy of housing finance big shots have issued a white paper, A More Promising Road to GSE Reform. The main objective of the proposal is to migrate those components of today’s system that work well into a system that is … Continue reading
March 30, 2016 in Federal Housing Finance Agency | Permalink | No Comments
March 18, 2016
Fannie & Freddie’s Duty to Serve
The Federal Housing Finance Agency had issued a request for comments on a proposed rulemaking back in December about Enterprise Duty to Serve Underserved Markets. Comments were due yesterday. I drafted a short comment letter on one of the many topics … Continue reading
March 18, 2016 in Federal Housing Finance Agency | Permalink | No Comments
February 8, 2016
GSE Reform, by Stealth?
The Urban Institute’s Housing Finance Policy Center has issued its January 2016 Housing Finance at a Glance Chartbook. It opens by noting, The FHFA recently released its 2016 Scorecard for Fannie Mae and Freddie Mac with updated guidance for credit risk transfer … Continue reading
February 8, 2016 in Federal Housing Finance Agency | Permalink | No Comments
