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September 15, 2014

HSBC Settles FHFA MBS Fraud Case for $550 Million

By Charles Wisniowski

The Finance Agency filed suit against HSBC and 17 other firms in 2011. The two remaining defendants in the cases include Nomura Holdings and the Royal Bank of Scotland Group.

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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