Most of the nation’s largest home lenders started reporting second quarter results this week, indicating a modest improvement in residential originations and profits – but nothing to write home about.
There appears to be no clear, unified lending policy among the government-sponsored enterprises, FHA, VA and the U.S. Department of Agriculture when it comes to the eligibility of certain non-permanent U.S. residents for a conventional conforming or government-backed mortgage loan.
Attorney General Jeff Sessions: “When issuing regulations, federal agencies must abide by constitutional principles and follow the rules set forth by the Congress and the President.”
The judges opined: "Indeed, the GSEs lost more in 2008 ($108 billion) than they had earned in the previous thirty-seven years combined ($95 billion). Yet the GSEs remained solvent.”
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