In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…
HUD’s addendum to the Uniform Residential Loan Application form is being revised to reflect regulations, ensure accuracy of borrower information, reduce lender uncertainty and maintain FHA’s ability to enforce program requirements.
A kinder, gentler CFPB? Looks that way. The agency now typically addresses fair lending violations through the supervisory process by issuing firms letters, such as “matters requiring attention” or “supervisory recommendations,” rather than escalating them to enforcement actions.
It might be easier to sell stock in a reconstituted Fannie and Freddie after the old companies are wiped out through receivership and “new” entities are created. FHFA has the power to sell the charters but not the legal authority to issue new charters.
Genworth’s sale to China Oceanwide Holdings is still pending. The deal was struck back in 2016. So what’s the hold up? The short answer: Selling anything to China is complicated these days...
Prior to being placed into conservatorship in the fall of 2008, it was common for Fannie Mae and Freddie Mac to offer guarantee fee discounts to their largest customers, a situation that put smaller lenders at a disadvantage.
It was the second quarter in a row that Freddie Mac was allowed to keep all of the money it earned as opposed to upstreaming retained capital in excess of $3.0 billion to the U.S. Treasury, the owner of its senior preferred shares.
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