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.
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.
Mr. Cooper has agreed to pay more than $131 million to settle two separate investigations tied to servicing violations following the 2008 financial crisis.
The Department of Justice has proposed a settlement that requires Realtors to provide greater transparency to home buyers regarding broker commissions.
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.
In order to settle a class-action lawsuit, the nation’s largest servicer said it will provide forbearance only to borrowers who request assistance verbally, in writing or through electronic means.
A federal judge found that the government’s failure to provide evidence in a timely manner violated the defendants’ constitutional right to a speedy trial. But the case was dismissed without prejudice.
A last-minute injunction secured by consumer groups on Sunday has halted HUD’s revised disparate-impact rule, which makes it harder to prove discrimination.
Industry watchers said a blue wave would stall GSEs’ recapitalization and exit from conservatorship and likely send FHFA Director Mark Calabria packing.