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Volume 13 - Number 13

June 26, 2009

Groups Still Press for GSE Role in Warehouse

Mortgage lending groups, with growing desperation, are continuing to press their case to have Fannie Mae and Freddie Mac somehow more involved in financing warehouse lending – charter compliance issues notwithstanding. Last week, the Mortgage Bankers Association and Warehouse Lending Project wrote to Treasury Secretary Timothy Geithner and Federal Housing Finance Agency Director...

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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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