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Volume 9 - Number 18

September 1, 2010

Non-Prime Advance Collateral Rising

The Federal Home Loan Banks accepted more non-prime mortgage collateral to support member advance use in 2009, on a percentage basis, than they did the year before, according to a new report submitted to Congress by the Federal Housing Finance Agency. The FHFA’s second annual Report on Federal Home Loan Bank Collateral Securing Advances – prepared for the Senate Committee on Banking, Housing and Urban Affairs and the House Financial Services Committee – analyzes, among other…

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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