Rep. Waters to Mick Mulvaney: “I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin.”
Even a relatively modest increase in interest rates is likely to have a disproportionate impact on the ability of high debt-to-income households to qualify for GSE loans, according to a recent report by Wells Fargo Securities Structured Products Research.
Meanwhile, acting Ginnie Mae President Michael Bright still awaits Senate confirmation, even though he was officially nominated to the post by President Trump on May 15.