American Banker, May 19, 2022–Carter Pape (subscription)Three bank regulators this month began asking banks to report cybersecurity incidents within 36 hours when such breaches have caused serious harm or are …
Category: Top National News
Wells Fargo Sees End-of-Year U.S. Recession, Cuts GDP View
Reuters, May 18, 2022–Sinead CarewWells Fargo Investment Institute said on Wednesday it reduced its economic expectations with a mild U.S. recession now on the horizon in its base case scenario …
Potential Cut to FHA Premiums a Top Priority for HUD
Inside Mortgage Finance, May 18, 2022–Brandon IveyOfficials at the Department of Housing and Urban Development are having daily discussions about whether to reduce the mortgage insurance premium that applies to …
Housing Agencies Exercise Caution in Expanding Underwriting
National Mortgage News, May 17, 2022–Bonnie Sinnock (subscription)The Federal Housing Administration is still seriously considering a premium cut, and Freddie Mac is aiming to support the growth of housing supply …
Julia Gordon Sworn in as FHA Commissioner
DSNews, May 23, 2022–Eric C. PeckOn Friday, May 20, Julia Gordon was sworn in as Assistant Secretary for HUD and Commissioner of the Federal Housing Administration by HUD Secretary Marcia …
GSE Reform via FHFA and Treasury? Not Exactly on the Front Burner
Inside Mortgage Finance, May 17, 2022–Brandon Ivey (subscription)The Biden administration appears to be in no rush to make any substantive changes to the preferred stock purchase agreements that govern the …
1 in 6 Americans Live in Areas with Significant Wildfire Risk
Washington Post, May 17, 2022–John Muyskens, Andrew Ba Tran, Naema Ahmed, Anna PhillipsNearly 80 million properties in the United States stand a significant chance of exposure to fire, according to …
The Fed’s $2.7 Trillion Mortgage Problem
Axios, May 18, 2022–Neil IrwinThe Fed will face a series of political and economic headaches as it attempts to move away from subsidizing home lending by shrinking its portfolio of …
Potential Cut to FHA Premiums a Top Priority for HUD
Inside Mortgage Finance, May 18, 2022–Brandon IveyOfficials at the Department of Housing and Urban Development are having daily discussions about whether to reduce the mortgage insurance premium that applies to …
New York Fed’s Williams to Seek Equilibrium Through MBS Runoff, Even Purchases
Asset Securitization Report, May 19, 2022–Donna MitchellOne tool at the Fed’s disposal is purchasing mortgage-backed securities, and that tactic is not out of the question as the central bank works …