The temporary measure is expected to generate billions of dollars in VA funding fees between Jan. 1, 2022, and Oct. 1, 2027. It would offset new direct spending by $86 million over the five-year period.
If banks meet the safe harbor requirements, the FDIC won’t reclaim assets from a non-agency MBS if a bank is subsequently placed in conservatorship or receivership.
Directors at most federal agencies serve at the president’s will, and can be fired whenever the president wants. That's not the case with CFPB or FHFA.
Dems say the language preference question and associated housing counseling information sections of the URLA were designed to improve access to mortgage financing for limited-English-speaking but credit-worthy homebuyers
Mortgage industry groups largely support a proposal by the Federal Deposit Insurance Corp. that would ease disclosure requirements for privately-placed non-agency residential MBS.
Flagstar Bancorp originated $9.3 billion home mortgages in the third quarter, posting a net profit of $63.0 million, according to figures released Tuesday morning ...
A single-director structure at the CFPB in which the president has complete authority to put some new in charge will be even more negative for financial firms than the status quo, said one analyst.
In a report released Friday morning, Cowen Washington Research Group analyst Jaret Seiberg noted that banking regulators have been using consent decrees for years. “Such orders also tend to include conduct restrictions on the banks,” he said…
RSS