Betting on Fannie/Freddie junior preferred shares is a crap-shoot and a winner won't be picked for several years.

Furthermore, the IG notes that GSE servicers failed to consistently conduct oversight procedures to evaluate vendors’ property inspector performance.

CFPB watchers say the bureau’s broad examination authority and a database of more than 300,000 consumer complaints will provide a fertile pipeline for enforcement actions going forward.

There has been some speculation that DeMarco might want the CSP CEO job, which pays in the range of $400,000. But many sources we talked to doubt it will happen.

Bank of America, which is among the 18 original defendants, has not yet settled and faces the largest liability because of its ownership of Countrywide Financial Corp. and Merrill Lynch.

Under the proposed rule, participating states would require that an AMC register in the state and be subject to its supervision. Only state-certified or licensed appraisers would be allowed to participate in federally related transactions, such as the closing of a home mortgage.

The agency debuted its scorecard in early March 2012 under then FHFA Acting Director Edward DeMarco as a means to implement in fuller detail the Finance Agency’s “strategic plan” for a post-Fannie Mae and Freddie Mac secondary market.

Fannie Mae and Freddie Mac have a liquidation value – excluding what they’ve already paid to the federal government – potentially well north of $200 billion, according to an independent evaluation conducted on the two GSEs.The report, conducted by Alvarez & Marsal, concluded that if the two GSEs are eventually liquidated, the federal government could reap $170 billion to $234 billion in net proceeds. Fannie Mae and Freddie Mac have a liquidation value – excluding what they’ve already paid to the federal government – potentially well north of $200 billion, according to an independent evaluation conducted on the two GSEs. The report, conducted by Alvarez & Marsal, concluded that if the two GSEs are eventually liquidated, the federal government could reap $170 billion to $234 billion in net proceeds.

With nearly three dozen enforcement actions under the Consumer Financial Protection Bureau’s belt during its three years of existence, the bureau has shown itself to be willing and able to play hardball with lenders. “The first 35 cases show that the CFPB will be an aggressive enforcer, which is what its backers wanted and expected,” said K&L Gates partner Jon Eisenberg, who recently did an extensive analysis of the cases. “It has the luxury of relying on statutes that employ extraordinarily ...

With the first quarter of the year nearly over, the Federal Housing Finance Agency has yet to indicate when, or even whether, it will issue its 2014 Conservatorship Scorecard. The agency debuted its scorecard in early March 2012 under then FHFA Acting Director Edward DeMarco as a means to implement in fuller detail the Finance Agency’s “strategic plan” for a post-Fannie Mae and Freddie Mac secondary market.