The FHFA wants Fannie and Freddie to institute proper controls and perform monitoring on their multifamily counterparties…

“Zillow could have done this on a much larger scale. Heck, they could’ve bought Ditech,” said industry consultant Paul Hindman.

Tough times? Might be time to eliminate the 401(k) match…

Grimes' resume also includes stints at Grant Thornton and Price Waterhouse Coopers...

The state of Washington recently tightened its rules for mortgage servicers, another indicator that state regulators may pick up the slack from a perceived pullback by federal regulators regarding mortgage servicing. The Washington Department of Financial Institutions earlier this month amended its regulations under the Consumer Loan Act, requiring servicers to inform the DFI if the company’s capital falls below levels required by Fannie Mae or Freddie Mac, or if their ...

Kathy Kraninger’s nomination to head the CFPB is expected to be approved by the Senate Banking, Housing Urban Affairs Committee this week, but the outlook for a floor vote is iffy, said attorneys. The Senate banking panel has scheduled a vote on the Trump administration’s CFPB nominee for Aug. 23. The committee had delayed the vote earlier this month because of a short Senate summer recess. Despite the contentious confirmation hearing in ...

The Conference of State Bank Supervisors recently announced that all states and U.S. territories now use a single, common exam to assess mortgage loan originators. In the past, a mortgage license candidate would need to take the national exam and a separate test for each state license. Now, MLOs only need take a national test – the National SAFE MLO Test with Uniform State Content – to hold a license. State regulators started to test a uniform national exam five years ago ...

Most of the month-to-month slump was at Freddie, where MBS production fell 8.9 percent from June.

Lenders that offer “fix and flip” financing to single-family investors are having another good year for the most part and see little in the way of either stiff competition or dark clouds on the horizon.

A heavily redacted Federal Housing Finance Agency Inspector General management alert about credit scores, published in late July, involved Fannie Mae CEO Timothy Mayopoulos, sources confirm.The 15-page report only mentioned that a “senior executive” was involved in a conflict-of-interest administrative review pertaining to alternative credit scores. It said that the executive did not disclose “critical information” about potential conflicts of interest arising from a personal relationship. Based on the IG report, it seems that Mayopoulos did disclose and recuse himself from business decisions related to alternative credit scores. But the IG report appears to take issue with the fact that he did not “fully disclose” the information.