DSNews, Apr. 18, 2016–Honea, Brian
The controversial principal reduction program announced by the Federal Housing Finance Agency last week is expected to moderately increase expenses for mortgage servicers who handle delinquent Fannie Mae or Freddie Mac loans, but overall the impact of the program on servicers is expected to be minimal, according to a report from Fitch Ratings on Monday.
National Mortgage News, Apr. 18, 2016–Chappelle, Brian
Chappelle, founding partner of Potomac Partners, said first-time homebuyers face enough challenges to qualify for a mortgage in today’s housing market without having to subsidize the reverse mortgage program.
National Mortgage News, Apr. 8, 2016–Collins, Brian
Fannie Mae and Freddie Mac’s experiments with selling credit risk to investors are a critical element of new plan to merge the two entities and move them out of conservatorship, but what form so-called credit risk transfers take could make a big difference.
HousingWire, Apr. 8, 2016–Lane, Ben
Count Tim Rood, chairman of The Collingwood Group, among those who think the regulatory environment is smothering mortgage lenders.
MarketWatch, Apr. 7, 2016–Riquier, Andrea
Americans are becoming more and more credit-worthy, especially when it comes to home equity.
Wall Street Journal, Apr. 7, 2016–Glazer, Emily
In a proxy released Thursday morning, J.P. Morgan pushed back against a shareholder proposal for a bank breakup, pointing to its business synergies, benefits of scale and value to clients.
Urban Institute, Apr. 7, 2016–Zandi, Mark
In today’s housing finance system, two behemoth institutions, Fannie Mae and Freddie Mac, control most of the core infrastructure of the secondary market and take on most of its credit risk. While in many ways this system has served the nation well by providing a broad range of borrowers access to credit and a level playing field for lenders of all sizes, our reliance on this duopoly created perverse incentives that ultimately led to too much risk taking, forcing taxpayers to shoulder the resulting cost.
Wall Street Journal, Apr. 7, 2016–Mitchell, Josh
More than 40% of Americans who borrowed from the government’s main student-loan program aren’t making payments or are behind on more than $200 billion owed, raising worries that millions of them may never repay.
Forbes, Apr. 6, 2016–Razin, Ely
We can reasonably expect MetLife’s commercial real estate lending to increase in the medium-to-long term by reducing the government-imposed capital requirements required of systemically important financial institutions.
Housing Wire, Apr. 6, 2016–Barraza, Cynthia
After the Consumer Financial Protection Bureau finalized the TILA-RESPA Integrated Disclosure in Oct. 3, 2015, credit unions reportedly began experiencing delays closing home loans, according to data compiled from research firm Callahan & Assocs.
