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Volume 18 - Number 17

August 17, 2018

Watt Faces Controversy in Final Months as FHFA Director

Federal Housing Finance Agency Director Mel Watt has been under a lot of scrutiny as his tenure winds down by yearend. Some observers claim the FHFA is allowing the GSEs to introduce pilot programs that conflict with the primary market. There is a sexual harassment allegation against Watt. And he is reportedly being investigated for intimidating the agency’s inspector general....

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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