Despite declining volume and the rollercoaster of hedge accounting, most banks turned in positive results on their mortgage-banking activities in 2017, according to a new Inside Mortgage Trends analysis of fourth-quarter earnings reports from publicly-held companies.
Retail mortgage-origination platforms tend to generate lower-risk mortgages than other channels, according to a new Inside Mortgage Trends analysis of home loans delivered into Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities.
Bill Maloni, a retired Fannie executive who’s been tracking the reform debate for years, believes the Corker bill, if enacted as is, eventually will place the secondary market in the hands of the megabanks.
Calabria is a former director of financial regulation studies at the Cato Institute, a conservative think tank that would like to do away Fannie and Freddie…
Housing finance reform – including a potential liquidation of Fannie Mae and Freddie Mac – is moving along in the Senate with one major hurdle looming in the background: Democrats, for the most part, don’t want anything to do with it.
The Department of Justice has directed its prosecutors to seriously consider dismissing meritless False Claims Act complaints from whistleblowers if they do not serve the government’s interests and help defendants, including mortgage lenders, avoid lengthy and costly frivolous lawsuits.
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