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Volume 14 - Number 13

June 27, 2014

Banking Committee Moves FHFA-IG Nomination to Full Senate for Vote

The Senate Banking, Housing and Urban Affairs Committee this week approved Laura Wertheimer to be inspector general of the Federal Housing Finance Agency, moving her nomination forward for full Senate consideration. Werthheimer, a Washington, DC, securities lawyer in private practice, would replace Steve Linick, who resigned last summer to serve as the State Departmentís IG. During her nomination hearing before the committee last week, Wertheimer pledged to exercise her duties ďaggressively and independently.

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.


No. It’s still difficult compliance/regulatory-wise.


Maybe. It’s under consideration.


Not now. But things could change as 2018 progresses.