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Calabria Ousted; Thompson Appointed FHFA Acting Director

June 24, 2021
Dennis Hollier
The Supreme Court’s decision in the long-delayed Collins case sets the stage for a swift change in leadership at FHFA but it may not end the shareholder lawsuits over the GSEs and the net worth sweep.
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Former MBA Chair Pleads Guilty to Bank Fraud Charges

May 20, 2021
Dennis Hollier
Mortgage industry veteran Ron McCord faces decades in prison after confessing to bank fraud and money laundering charges.
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Nation’s Largest Wholesaler Accused of Restraint of Trade

April 29, 2021
Maria Volkova and Paul Muolo
Certain loan brokers aren’t happy with wholesale giant UWM over its “us or them” edict. A lawsuit has been filed. More could be on the way.
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Senate Democrats Once Again Seek Answers on NPL Sales

January 28, 2021
Dennis Hollier
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.
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The Biden Effect: DACA Borrowers FHA Eligible

January 21, 2021
Maria Volkova
Deferred Action for Childhood Arrivals participants are eligible for government-insured loans, Joe Biden’s FHA declared.
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FHFA and Treasury Renegotiate PSPA. Now What?

January 21, 2021
Dennis Hollier
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.
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Does Net Worth Sweep Mean Nationalization of the GSEs?

December 10, 2020
Dennis Hollier
Justice Stephen Breyer raised eyebrows by characterizing the government’s net worth sweep of Fannie Mae and Freddie Mac profits as nationalization of the GSEs.
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Mr. Cooper to Pay $131M to Settle Servicing Disputes

December 10, 2020
Yemeng Yang
Mr. Cooper has agreed to pay more than $131 million to settle two separate investigations tied to servicing violations following the 2008 financial crisis.
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Faced with Legal Action, NAR Apologizes for Biased Policies

November 25, 2020
Maria Volkova
The Department of Justice has proposed a settlement that requires Realtors to provide greater transparency to home buyers regarding broker commissions.
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Redfin Accused of ‘Digital’ Redlining

November 20, 2020
Maria Volkova
In a new lawsuit, fair housing organizations have alleged that Redfin’s minimum price policy makes it harder for agents to sell homes in minority neighborhoods.
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