The fund could be modeled after the Hardest Hit Fund, providing funds to state housing finance agencies to help borrowers bring their mortgages current.
Democrats on the Senate Banking Committee are putting pressure on FHFA to answer whether the GSEs’ NPL sales impact homeowners’ access to foreclosure and forbearance protections under the CARES Act.
Production records were shattered despite the crushing economic weight of the coronavirus and because of the ensuing nosedive in mortgage interest rates – and the Fed's bottomless appetite for agency securities...
Under President Biden, the CFPB could use its authority to bring actions against “related persons” of non-depository institutions, and could restore the recently eliminated DTI ratio threshold, industry watchers warn.
The new PSPA will allow Freddie Mac and Fannie Mae to continue retaining earnings until they reach the regulatory minimum capital — almost $283 billion combined.
State regulators launched a “networked supervision” exam system in March, aiming to improve the exam process for nonbanks. Some 35 regulators are using the system, with mixed results.