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Results: 181 Articles found.
Nov 13, 2019 12:30 PM

FHFA Seeks Public Feedback on Fannie Mae, Freddie Mac UMBS Pooling Practices

The Federal Housing Finance Agency on Nov. 4 issued a Request For Input on pooling practices for Fannie Mae and Freddie Mac in preparation for new uniform mortgage-backed securities. The agency also is seeking input by Dec. 19 about other policies that might impact UMBS fungibility, including oversight of UMBS prepayment speeds and alignment.

 
Nov 06, 2019 12:30 PM

DOJ, HUD Ease Off False Claims Act, Eye More FHA Lending

The government will limit use of the False Claims Act against mortgage providers in pursuit of settlements related to Federal Housing Administration loans, Housing and Urban Development Secretary Ben Carson told attendees at the Mortgage Bankers Association Annual Conference Oct. 28 in Austin, Texas, HousingWire reported. HUD wants to coax big banks back to FHA lending.

 
Nov 06, 2019 12:30 PM

Fed Cuts Interest Rates, But Says No More Reductions Coming Unless Economy Worsens

The Federal Reserve on Oct. 30 cut interest rates for the third time this year, but Fed Chair Jerome Powell said that monetary policy is in a good place and no further rate reductions would occur unless the economy gets worse, Reuters reported. In contrast, President Trump is advocating further rate cutting.

 
Nov 05, 2019 08:00 AM

Appraisal Institute Seeks Speakers for 2020 Annual Conference

The Appraisal Institute, the nation’s largest professional association of real estate appraisers, is accepting proposals for presentations at its 2020 Annual Conference, Aug. 3-5, at the JW Marriott in Orlando, Florida. The deadline is 5 p.m. CST Nov. 25.

 
Oct 30, 2019 12:30 PM

Fannie, Freddie Shareholders Could Be "Wiped Out:" FHFA

Mark Calabria, director of the Federal Housing Finance Agency, told the House Financial Services Committee Oct. 22 that he’s willing to “wipe out” Fannie Mae and Freddie Mac shareholders if necessary to protect taxpayers from another bailout, HousingWire reported. The government-sponsored enterprises have been in conservatorship since 2008.

 
Oct 30, 2019 12:30 PM

Supreme Court Will Hear Case on Constitutionality of CFPB

The Supreme Court announced Oct. 18 it will hear a case challenging the constitutionality of the Consumer Financial Protection Bureau, and a decision is expected by June, CNBC reported. The case alleges that the structure of the CFPB gives its director too much power, in violation of the Constitution’s separation of powers clause.

 
Oct 30, 2019 12:30 PM

Global Banking Outlook Dims; Reinvention Required to Survive Downturn: Report

Approximately 60% of global banks are not generating returns on equity and need to reinvent themselves to survive the next downtown, according to a report released Oct. 21 by consulting firm McKinsey. The firm suggests such tactics as ramping up risk-management systems, identifying new customer bases and building out digital talent bases and data analytics.

 
Oct 24, 2019 08:00 AM

Appraisers Provide a Wide Variety of Services, Appraisal Institute Says

Hiring a Designated Member of the Appraisal Institute can provide a broad range of benefits to commercial and residential clients, the president of the nation’s largest professional association of real estate appraisers said today.

 
Oct 23, 2019 12:30 PM

Fed to Expand Balance Sheet, but No Quantitative Easing

Federal Reserve Chair Jerome Powell on Oct. 11 announced a plan for the Fed to expand its balance sheet by purchasing government-backed securities, but said the effort is not quantitative easing, The New York Times reported. The Fed’s previous quantitative easing policy ended in 2014 after accumulating $4.5 trillion in assets, including mortgage-backed securities.

 
Oct 23, 2019 12:30 PM

OCC Fines Citibank $30M Over Delayed Foreclosure Sales

The Office of the Comptroller of the Currency fined Citibank $30 million over the lender’s failure to sell hundreds of foreclosed properties within the allotted 5-year timeframe, HousingWire reported Oct. 11. Federal regulations require banks to sell foreclosed properties within two to five years in order to expand housing inventory.

 
 
Results: 181 Articles found.

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