The House bill is currently at the Senate desk, awaiting nods from Senate Banking Committee Chairman Mike Crapo, and Ranking Minority Member Sherrod Brown…
In his report, KBW analyst Bose George said, “While Mel Watt, director of the FHFA, was questioned about some of these issues in past congressional hearings, this will be the first hearing to focus exclusively on this topic.”
Fannie Mae and Freddie Mac shareholders received a bit of good news late last week when a judge sided with them on one of their arguments against the government.
Non-agency mortgages underwritten with just one monthly bank statement from the borrower might not meet standards set by the ability-to-repay rule, according to Eric Kaplan, director of the housing finance program at the Milken Institute’s Center for Financial Markets. Speaking at the ABS East conference produced by Information Management Network last week in Miami Beach, Kaplan was among the industry participants that raised concerns about how quickly underwriting has loosened ...