Our ranking of the nonconforming sector is divided among lenders that specialize in the products and those where it accounts for a small slice of production.
One lobbyist told Inside Mortgage Finance this week he believes that Watt eventually will strike a deal on the issue with Treasury, but he was uncertain how it might play out.
The Home Affordable Refinance Program was arguably one of the most successful initiatives aimed at delivering consumer relief in the wake of the housing meltdown. It’s proving hard to kill. The Federal Housing Finance Agency this week extended HARP for another year, until the end of 2018. It was slated to sunset at the end of this year. The program has been extended several times since it was authorized back in 2009. The extra year is...