It remains to be seen if the Consumer Financial Protection Bureau’s controversial regulation-by-enforcement approach is as dead as the agency’s current leadership says it is, industry attorneys said.
The Federal Housing Finance Agency and the government-sponsored enterprises say they’re on track for the June launch of the single security, but industry groups still have several concerns about the pending seismic shift in how Fannie Mae and Freddie Mac issue single-family mortgage-backed securities.
With the final rollout scheduled for June, FHFA, the GSEs, and Common Securitization Solutions are scrambling to make sure participants in the to-be-announced MBS market are ready for the big changes ahead.
Fannie Mae and Freddie Mac say they support the Federal Housing Finance Agency’s proposal to include a leverage ratio on their future capital requirements.
Mortgage lenders that rely on cutting-edge financial technology – or fintech – may be just as guilty as traditional face-to-face lenders of pricing discrimination, according to a new study by economists at the University of California at Berkeley. The researchers found that both traditional and online lenders charge Latino and African-American borrowers 6 to 9 basis points higher interest rates than their white counterparts for purchase-mortgage loans, and 1 to 3 bps more for refinancing ...
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