Law firm Rosicki, Rosicki & Associates, along with two affiliates, has agreed to settle a civil lawsuit alleging the companies systematically defrauded Fannie Mae and the Veterans Administration by routinely overcharging them and submitting false bills for foreclosure and eviction-related expenses.
Stress tests of the 11 Federal Home Loan Banks went off without a hitch this year. But a closer look reveals varying performance among the banks in the event of a major economic downturn and their relative exposure to the risks measured by the tests.
Real estate investment trusts will increasingly become key investors in the credit-risk transfer market, according to recent analysis by Keefe, Bruyette & Woods.
VantageScore Solutions has hired Emre Sahingur, a former chief risk officer for model risk management at Fannie Mae, as senior vice president for predictive analytics, research and product management.
Under a new pilot program announced last week, Freddie Mac will purchase mortgages on manufactured homes at the same low rates available for traditional site-built homes.
Rep. Jeb Hensarling, R-TX, had planned to finish his House career with a hearing on housing-finance reform focusing on a bipartisan plan that could get new legs in the next Congress.
The Federal Housing Finance Agency announced last week that it was increasing the maximum conforming loan limit for 2019. For most counties, the new limit will be 6.9 percent higher at $484,350. The increase, while routine, has both supporters and critics.
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