The latest FHFA directive is something of a mystery. In separate 8-Ks, both Fannie and Freddie point out that no employees currently receive a base salary of more than $600,000.
A new rule means FICO will face competition as a credit scoring model for homebuyers, potentially expanding the number of mortgage applicants dramatically.
Despite the president’s quick reversal of course on his proposal to cut payroll taxes, the housing industry remains worried g-fee may be tapped somehow.
Last summer’s blockbuster ruling from the Court of Appeals was a mixed bag for both plaintiffs and defendants. The long-expected appeal of that decision promises more of the same.