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Teresa Bryce Bazemore says Radian supports FHFA's goals, but the company deems the proposed capital requirements "more onerous than...experience suggests would be needed."
The newly formed companies are effusive in their praise. The incumbents, not so much.
"By maintaining a government guarantee, introducing private sector pricing and increased taxpayer protections, our legislation can bring both sides of the aisle together," Rep. Delaney said.
Reps. John Delaney, D-Md., John Carney, D-Del., and Jim Himes, D-Conn., introduced a new housing bill Thursday designed to provide an explicit government backstop for the market but still increase private sector participation.
Just because a group of athletes or loan officers are the most skilled individual players does not mean that together they make the most capable team, writes Garth Graham.
Julian Castro, who was confirmed as the new secretary for housing and urban development, is bound to face continued industry lobbying to lower premiums paid to the Federal Housing Administration.
Lack of funding confidence is why many longtime mortgage professionals are jumping ship and hitching their wagons onto new companies.
Now that buyers and sellers have a sense of what it's like to operate in the new interest rate environment, the two sides are more likely to agree on price.
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