New FHFA Director Mark Calabria singled out GSE "charter creep" as something he would like to eliminate. But he was short on specifics. Still, an FHFA probe of the matter has been launched.
Mark Garland, executive vice president of MountainView Financial Solutions, is a firm believer that interest rates will stop declining at some point and the MSR sales machine will pick up a head of steam.
FHFA Director Mark Calabria: "For instance, we are actively reviewing all recent expansions into new markets and activities to put an end to the era of charter creep."
The ailing Ditech Financial signaled in a new SEC filing that it will no longer file public reports on its quarterly and monthly results. The move comes days before bids are due on the franchise.
Almost every GSE watcher knows Treasury counselor Craig Phillips is the chief architect of the blueprint to reform mortgage giants Fannie Mae ad Freddie Mac. But late this week, news broke that he's resigning. Now what?