Mel Watt has roughly eight more months in office, but already industry lobbyists and GSE watchers are playing “guess who the next FHFA director might be.”
Wells Fargo, the nation’s largest mortgage lender, last week agreed to pay $1 billion to settle claims that it overcharged consumers on mortgage rate-lock commitments and force placed collateral-protection insurance on auto loan customers.
The Mortgage Bankers Association this week called upon its members to tailor their state advocacy and lobbying strategies to whatever opportunities they see in the increasingly incendiary political environment.
The senator disagreed with comments made earlier in the day by HUD Deputy Secretary Pam Patenaude, who said there aren’t enough legislative days left...