The Federal Housing Finance Agency will require nonbank mortgage firms to meet minimum liquidity and net worth standards to curb risks to taxpayers from the rapidly expanding industry.
In yet another revision of its mortgage rules, the Consumer Financial Protection Bureau proposed making it easier for small and rural lenders to make "qualified mortgages." Industry representatives said the changes are poised to make a big difference.
The Federal Housing Administration will make foreclosure protections available to a larger number of surviving spouses of deceased reverse mortgage borrowers.
WASHINGTON The Treasury Department has exceeded its authority by keeping Fannie Mae and Freddie Mac in conservatorship so long and taking all their profits, two legislative experts said Thursday.
From Our Blogs
»Affordable Housing Can't Be Held Hostage to GSE Stalemate
»Clearing the Road for GSE Reform
»State of the Union
»Government Looks to Stay Put in Mortgage Market
»FHFA's Permanent Conservatorship Ignores the Law
»DeMarco Redefined GSE 'Failure' and 'Conservatorship'
»No Sense in Keeping the GSEs Undercapitalized
»GSEs' Risk-Sharing Deals Are Good for the Housing Market
»What Republicans' Election Win Means for Housing Reform
»Is HUD's Disparate Impact Rule Unconstitutionally Vague?
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