After warning the council about the risks posed by government money market funds, Calabria went on to point out that these funds have large exposures to Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
Investors in Fannie/Freddie common (and preferreds) were licking their wounds this week after the Supreme Court essentially ruled against them. Moral of the story: Stock speculation is not for the weak of heart.
In her first interview since leaving office, former CFPB Director Kathy Kraninger touted her policy encouraging responsible business conduct and explained why she focused on supervision rather than enforcement.
Experts believe a properly configured customer relationship management system can help lenders survive the change from a refi-heavy market to a purchase one.