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June 20, 2014

What We’re Hearing: Will New York State Ever Charge Ocwen? / Which Firm is Servicing Ben Lawsky’s Mortgage? / FHFA May Set Capital Minimums for Nonbank Servicers / Redwood Trust Gets Membership in An FHLB

By Paul Muolo

Sources tell IMFnews that the Federal Housing Finance Agency is looking into the matter and is promoting the idea of capital minimums for nonbanks that do business with Fannie Mae and Freddie Mac.

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Poll

Who should make the ultimate decision in resolving the future of Fannie Mae and Freddie Mac?

Congress
FHFA
Treasury
I wish we had another option, but we don’t.

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