We understand from informed sources that paying off Fannie/Freddie shareholders (the ones suing Uncle Sam) is calculation that certain federal officials have entertained.
Despite the so-so reading from the government, nonbank mortgage giants the likes of loanDepot and United Wholesale Mortgage continue to hire in large numbers.
FHFA Director Mark Calabria on Bob Ryan: “Bob’s advice and counsel during my transition have been invaluable. I greatly appreciate his service at FHFA during the past five years and his role in helping ensure liquidity and funding for the nation’s housing finance system...”
How do you get out of a debt bubble? Answer: Raise taxes and cut spending, something U.S. politicians have been loath to do. Or you could print more money...
Bank employees, under current regulations, are allowed to offer residential mortgages without taking the test or meeting some other basic SAFE Act requirements, such as passing an independent background check and taking 20 hours of SAFE Act pre-licensing courses.
If you’re wondering why the deal is taking so long, it’s because COH is a foreign entity and there are certain regulatory hoops to jump through. When originally announced, the sale was valued at $2.7 billion – all cash…
As we’ve noted before, Calabria is building a dream team of industry vets and policy experts, whose chief task likely will entail working with the Treasury Department on administrative reform…
It stands to reason that as Fannie Mae and Freddie Mac continue to shrink, they’ll need fewer employees, right? But what about their regulator, the Federal Housing Finance Agency? If Fannie and Freddie are smaller, shouldn’t the FHFA be smaller?...
RSS