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Results: 162 Articles found.
May 28, 2014 12:30 PM

Fannie: Housing Remains Economy’s Weakest Link

Fannie Mae economists said the U.S. economy is poised for growth despite having stalled during the first quarter, but they noted that housing remains the weakest link, Inman News reported May 21. Fannie Chief Economist Doug Duncan said that the growing financial and labor market should reflect a rebound when reports come out for April, May and June, and show that growth accelerated to an annual rate of 3 percent.

 
May 21, 2014 12:30 PM

Report: Big Banks Improve Loan Servicing

A court-appointed monitor overseeing the $25 billion settlement between the nation’s five largest banks, 49 states and the U.S. Department of Justice issued a compliance report May 14 that said the banks are improving treatment of troubled borrowers, Bloomberg reported.

 
May 21, 2014 12:30 PM

Senate Banking Committee Approves Fannie, Freddie Overhaul

The Senate Banking Committee approved a bipartisan bill to overhaul Fannie Mae and Freddie Mac, though it was a narrow and likely hollow victory, according to a May 15 article in The Wall Street Journal. Thirteen committee members, including seven Republicans and six Democrats, approved the bill on May 15, a narrow majority of the 22 lawmakers on the committee.

 
May 21, 2014 12:30 PM

NAR Considers Policy Change on Automated Valuations

The National Association of Realtors is reviewing a proposed policy amendment that would require multiple listing services to provide data feeds to brokers who want to use them to establish automated valuations of properties, Inman News reported May 14. If adopted, the policy would also not allow brokers to opt out of including their data in these feeds.

 
May 14, 2014 12:30 PM

Yellen: Housing Market Not Helping Economy

Federal Reserve Chair Janet Yellen told a joint congressional committee May 7 that the nation’s housing market has gone from boosting economic recovery to stalling it, HousingWire reported. Yellen said that the lack of growth in the first quarter was largely due to the housing market, which was impacted by bad weather.

 
May 14, 2014 12:30 PM

Key Democrats Reject Johnson-Crapo GSE Reform Bill

Four formerly undecided Senate Democrats announced that they would not support the Johnson-Crapo bill to reform the government-sponsored enterprises, Mortgage News Daily reported May 9. The bill’s co-author, Sen. Tim Johnson, D-S.D., had hoped to have 16 favorable votes in the Senate Finance Committee before bringing S 1217 before to the floor; the bill obtained only 12 “yes” votes on May 8 with six Republicans and six Democrats in favor of the legislation.

 
May 14, 2014 12:30 PM

Watt Unveils Major Shift in FHFA Housing Policies

In his first major policy statement, Federal Housing Finance Agency Director Mel Watt announced a shift in housing finance policies May 13 that signals a new strategic plan for Fannie Mae and Freddie Mac, CQ Roll Call reported.

 
May 08, 2014 12:55 PM

Appraisal Institute Unveils New Certification Organization

The nation’s largest professional association of real estate appraisers today announced the formation of a new certification organization: the International Center for Valuation Certification.

 
May 07, 2014 12:30 PM

GAO: Lack of Foreclosure Reviews Led to $1.5 Billion Loss

If regulators had conducted a comprehensive review of bank foreclosure files, they could have netted an additional $1.5 billion in cash payments, the Government Accountability Office reported April 29, The Wall Street Journal reported.

 
May 07, 2014 12:30 PM

GSEs May Require another Bailout if Recession Returns

If the nation faced another major economic downturn, Fannie Mae and Freddie Mac could require an additional taxpayer bailout of around $190 billion, according to stress test results released April 29 by the Federal Housing Finance Agency, Bloomberg reported.

 
 
Results: 162 Articles found.

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