Rob Zimmer, head of external communications for CMLA, described it this way: "It’s a terrible policy idea, given that only the middle class pays it. Wealthy households paying cash for homes or using jumbo mortgages won’t pay a dime."
The Supreme Court remanded a portion of the case, leaving it for the Fifth Circuit Court of Appeals to decide how to handle the question of whether the unconstitutional nature of FHFA’s leadership structure damaged shareholders and, if so, what kind of compensation they might be owed.
The changes are being pursued in response to the agency receiving “more than 10,000 questions per year from people trying to understand the deposit insurance rules,” the FDIC chief said.
As might be expected, Republicans on the committee weren’t convinced that Congress should create an entity that would be involved in the assignment of credit ratings.
A few weeks back, Ginnie issued a request for information on a proposal that would tack on a capital requirement of an additional 25-basis points of an applicant’s Fannie Mae and Freddie Mac obligations.
Priority Financial still wants a Ginnie eagle and believes it has the financial wherewithal to make grade. “We want to resubmit, but we’ve had no communication from them,” said CEO Mark Shenkman.
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