Category: Top National News

HousingWire, Nov. 30, 2016–Swanson, Brena
Genworth survey of attendees at MBA Annual Convention shows industry making progress in compliance and access to credit, but headwinds persist.

GoRion, Nov. 29, 2016–Bourgi, Sam
With Republicans controlling both houses of Congress, talks about ending the conservatorship are resurfacing. After all, it was never meant to last this long.

Washington Post, Nov. 30, 2016–O’Connell, Jonathan
Japanese home-building giant Sekisui House announced Wednesday that it is buying the main Fannie Mae headquarters building on Wisconsin Avenue NW in an $89 million deal for one of the largest development sites in the District.

Mortgage Daily, Nov. 30, 2016
Freddie Mac, which made the predictions in its November 2016 Economic & Housing Market Forecast, cut its first-quarter 2017 forecast from $340 billion projected last month.

Mortgage Daily, Nov. 30, 2016
Serious residential loan delinquency at Fannie Mae dropped to the lowest level since it fell into conservatorship.

National Mortgage News, Dec. 1, 2016–Sinnock, Bonnie
President-elect Donald Trump’s tax overhaul may include capping the mortgage interest deduction, according to Treasury Secretary-designate Steve Mnuchin.

GoRion, Dec. 1, 2016–Sichelman, Lew
Dissident stockholders in Fannie Mae and Freddie Mac rolled out the heavy guns earlier this month to slow what appears to be a groundswell of support for the Federal Housing Finance Agency’s plan to reduce the government’s risk exposure by moving more private capital into the first-loss position ahead of the GSEs’ through expanded mortgage insurance.

National Mortgage News, Dec. 1, 2016–Passy, Jacob
Bank of America has conditionally completed 97% of the $7 billion in consumer relief it agreed to provide as part of its 2014 settlement with the Department of Justice and six states. 

HousingWire, Dec. 1, 2016–Swanson, Brena
The idea and desire for GSE reform isn’t an easy hurdle to clear, said Jeb Mason, a partner with The Cypress Group.

Mortgage Daily, Dec. 1, 2016
Issuance of agency mortgage-backed securities retreated to the lowest level in four months.