Bloomberg News, Nov. 4, 2019–Claire BostonThe subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of …
Category: Top National News
People Are Staying in Their Homes Longer—a Big Reason for Slower Sales
Wall Street Journal, Nopv. 3, 2019–Laura Kusisto (subscription)U.S. homeowners are staying in their residences much longer than before, keeping a glut of housing inventory off the market, which helps explain …
Dozens of Lawmakers Urge More Flood Insurance Reform
American Banker, Nov. 1, 2019–Hannah Lang (subscription)A group of 64 House lawmakers are pushing congressional leadership to incorporate premium caps and address a new methodology for assessing risk in flood …
Freddie Mac’s Net Income Falls As it Takes First Step Toward Independence
HousingWire, Oct. 30, 2019–Kathleen HowleyFreddie Mac reported net income fell 37% in the third quarter, but things were still rosy for the nation’s second-biggest mortgage financier because it didn’t have …
Carson: No Changes Coming to FHA Mortgage Insurance Premiums, HECM Rules
HousingWire, Oct. 31, 2019–Ben LaneIn HUD Secretary Ben Carson’s view, the FHA Mutual Mortgage Insurance Fund should be much stronger than it has been in recent years before the agency …
Fannie Mae Reports $4B in Q3 Net Income
National Mortgage Professional, Oct. 31, 2019–Phil HallFannie Mae closed the third quarter of this year with $4 billion in both net income and comprehensive income, according to the latest earnings …
GSEs Need to Shape Up if they Want to Leave Conservatorship: Calabria
National Mortgage News, Oct. 31, 2019–Hannah Lang (subscription)With the Federal Housing Finance Agency intensely focused on setting Fannie Mae and Freddie Mac on a path out of conservatorship, it is …
Could Fannie and Freddie Soon Have Competition?
Redlands Daily Facts (Calif.), Oct. 31, 2019–Jeff LazersonAt the MBA Annual Convention, the most important takeaway is that Dr. Mark Calabria, the recently installed director of the Federal Housing Finance …
U.S. SEC Considers Relaxing Post-Crisis Structured Mortgage Product Rules
Reuters, Oct. 30, 2019–Katanga JohnsonThe U.S. Securities and Exchange Commission on Wednesday said it was seeking feedback on whether disclosure rules were discouraging firms from issuing SEC-registered residential mortgage-backed securities …
Trump Administration Wants Supreme Court to Back GSE Profit Sweep
American Banker, Oct. 30, 2019–Hannah Lang (subscription)The Department of Justice wants the Supreme Court to hear a case to decide the fate of Fannie Mae and Freddie Mac’s profits and …