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Results: 154 Articles found.
Feb 14, 2018 12:30 PM

FHFA Announces New Fannie, Freddie Housing Goals

The Federal Housing Finance Agency on Feb. 6 announced new housing goals for Fannie Mae and Freddie Mac for 2018-20. The goals for single-family homes remain largely unchanged, but the goals for multifamily properties call for increased mortgage purchases for properties with affordable units.

 
Feb 14, 2018 12:30 PM

US Takes Lenders to Task Over VA Loans

The U.S. warned nine lenders that they may be kicked out of a top mortgage program unless they stop rapid refinancing of veterans’ mortgage loans, Bloomberg reported Feb. 8. A probe by Ginnie Mae found that some lenders are enriching themselves through repeated, unnecessary and costly refinancing actions.​

 
Feb 07, 2018 12:30 PM

Appeals Court Reverses Itself, Says CFPB Structure is Constitutional

The D.C. Circuit Court of Appeals on Jan. 31 ruled that the Consumer Financial Protection Bureau is constitutionally structured, reversing a 2016 decision in which the court ruled that the CFPB's structure gave the director too much power — more than any other government agency, ABA Banking Journal reported.

 
Feb 07, 2018 12:30 PM

FHFA Releases 4-year Strategic Plan

The Federal Housing Finance Agency on Jan. 29 released its strategic plan for 2018-22, which calls for safe and sound operation of its regulated entities, ensuring liquidity and accessibility in housing finance and managing its conservatorship of Fannie Mae and Freddie Mac.

 
Feb 07, 2018 12:30 PM

Massachusetts Has Most LEED-certified Space Per Capita: USGBC

Massachusetts topped the list of states with the greatest amount of green, reporting 130 LEED certifications that equate to 4.48 square feet of LEED-certified space per resident, the U.S. Green Building Council reported Jan. 31. New York and Illinois rounded out the top three on the list.

 
Jan 31, 2018 12:30 PM

Leaked CFPB Memo Reveals New Mission, End of Regulation by Enforcement

A leaked Jan. 23 memo attributed to the Consumer Financial Protection Bureau’s Acting Director, Mick Mulvaney, said the bureau’s mission going forward will be ending regulation by enforcement and its focus will shift from protecting consumers to protecting the industry, HousingWire reported.

 
Jan 31, 2018 12:30 PM

Supreme Court Hops into Property Rights Case

The Supreme Court will hear a case in which Weyerhaeuser Co. is challenging the state of Louisiana’s power to potentially erase $34 million in land value by designating 1,500 privately owned acres of forest land as critical habitat for an endangered frog species, Roll Call reported Jan. 23.

 
Jan 31, 2018 12:30 PM

New Pennsylvania Law Requires Licenses for all Non-bank Servicers

A new Pennsylvania law authorizes the Department of Banking and Securities to mandate that non-bank servicers become licensed to operate in the state, HousingWire reported Jan. 24. Gov. Tom Wolf on Dec. 22 signed SB 751, which requires lenders to be licensed by June 30.

 
Jan 24, 2018 12:30 PM

Fed Beige Book Shows Mixed Results for Residential, Commercial Sectors

Most Fed districts reported low housing activity due to constrained housing inventory — an ongoing concern — while non-residential activity continued to experience slight growth, the Fed reported Jan. 17 in its newest Beige Book.

 
Jan 24, 2018 12:30 PM

Senate Confirms Powell as Federal Reserve Chair

The Senate on Jan. 23 confirmed Jerome Powell as chairman of the Federal Reserve, DSNews reported. Powell will take over from Janet Yellen when her term expires in February. Powell said he supports current Fed policies that call for gradual interest rate increases and has voiced his support of Dodd-Frank.​

 
 
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