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Positive Economic News Nudges Mortgage Rates Higher
Washington Post, Sept. 6, 2018--Kathy OrtonMortgage rates have started creeping back up again, Freddie Mac reported. Meanwhile, mortgage applications remained flat. "Mortgage application volume barely moved as an increase in seasonally-adjusted purchase applications nearly offset a decrease in refinances," said MBA President and CEO Bob Broeksmit, CMB.
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Decade after Housing Crash, Fannie Mae and Freddie Macare Uncle Sam’s Cash Cows
CNBC, Sept. 6, 2018--Diana OlickWhile most agree the status quo can't remain the status quo forever, no one wants to see a shock to the mortgage system and a reversal of this decade of repair. (MBA mention)
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The New Mortgage Kings: They’re Not Banks
Wall Street Journal, Sept. 6, 2018--Christina Rexrode, AnnaMaria Andriotis (subscription)Freedom Mortgage is nowhere near the size of behemoths like Citigroup Inc. or Bank of America Corp.; yet last year it originated more mortgages than either of them, some $51.1 billion, according to industry research group Inside Mortgage Finance.
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Trade Groups Make New Push on GSE Reform
National Mortgage Professional, Sept. 5, 2018--Phil HallA coalition of housing, mortgage financial services trade organizations issued a public letter to the Trump Administration and congressional leaders asking that reform efforts involving the government-sponsored enterprises be given a new degree of priority.
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Housing Finance Overhaul Bill Has Little Chance
Bloomberg, Sept. 6, 2018--Elizabeth DexheimerHouse Financial Services Chairman Jeb Hensarling, R-Texas, unveiled a proposal Thursday that would effectively shutter Fannie Mae and Freddie Mac. Their roles would be replaced by enabling private companies and Ginnie Mae to backstop the trillions of dollars of mortgage-securities that underpin the U.S. housing market. 
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Are Fintechs a Systemic Risk?
American Banker, Sept. 6, 2018--Penny Crossman (subscription)The fintech sector poses a growing risk to the financial system because it lacks the regulatory restraints put on banks, according to a new paper released Thursday by Federal Financial Analytics.
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Freddie Mac CEO: ‘The Mortgage System is Very Safe and Sound’
Marketplace, Sept. 6, 2018--Amy Scott"The system is in much better shape than it was before," outgoing Freddie Mac CEO Donald Layton said. "All financial institutions have much stronger backing behind them, much higher capital ratios."
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Treasury’s Mortgage Reforms Reminiscent of Pre-Crisis Mentality
The Hill, Sept. 6, 2018--Christie Peel, Susan M. IfillThe authors, affordable housing advocates in New York, say while proposed Treasury reforms aimed at modernizing and expanding access to mortgage lending services are laudable, in reality, many of the proposed reforms will put homeowners at risk, and disturbingly, they echo the mindset that led our country into a foreclosure crisis 10 years ago.
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The Regrets of Lewis Ranieri
Wall Street Journal, Sept. 6, 2018--Cezary Podkul (subscription)When Lewis Ranieri invented mortgage bonds, he never thought it would turn out this way. The father of mortgage-backed securities lives with remorse for his role in the housing crisis.
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This GSE Plan May Go Nowhere, But it Still Matters
National Mortgage News, Sept. 6, 2018--Hannah Long, Neil Haggerty (subscription)The legislative path is extremely narrow for a new housing finance reform plan by House Financial Services Committee Jeb Hensarling, but it injected a dose of hope for progress on an issue that is more often stuck in neutral.
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Two Lawmakers Urge CFPB, FTC to Keep Pressure on Equifax
American Banker, Sept. 7, 2018--Neil Haggerty (subscription)Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., sent a letter to the Consumer Financial Protection Bureau and the Federal Trade Commission urging them to hold credit reporting agencies accountable. In September 2017, Equifax disclosed the breach that ultimately affected 148 million consumers.
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