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The performance of high-balance loans is not going help Federal Housing Administration increase its capital and could be risky for the government-backed insurance fund, according to a study published by two George Washington University professors.
February 11 -
Private markets would be the primary source of mortgage credit going forward under the Obama Administration's plan to reform the housing finance system.
February 11 -
By now you’ve heard the news and read the stories (some of which we published) about the coming Basel III rules and how they could force a wholesale restructuring of the residential servicing business. At issue is the cash or “real value” of mortgage servicing rights and how much they can count toward Tier I capital at a depository institution.
February 10 -
The new chairman of the House GSE subcommittee is looking for "immediate steps" Congress can take to reign in Fannie Mae and Freddie Mae and reduce their role in the mortgage market.
February 10 -
The House Oversight and Investigations subcommittee next Tuesday will hold a hearing to examine the taxpayer-funded expenditure of legal fees incurred on behalf of former executives at Fannie Mae and Freddie Mac.
February 10 -
Depositories could easily finance the demand for jumbo mortgages if Congress decides to substantially reduce GSE loan limits, according to a conservative think tank analyst.
February 9 -
The Treasury Department's 'white paper' on the future of the GSEs not only calls for the federal government to cut the government umbilical to Fannie Mae and Freddie Mac, but estimates that certain mortgage rates could rise upwards of 150 basis points, according to sources who claim to be familiar with some of the plan's contents.
February 9 -
The House Financial Services Committee wants to cut off all federal funding for NeighborWorks America, which supports hundreds of community-based groups that provide safe and decent housing for low-income families.
February 9 -
When it comes to restructuring the housing finance system, the new chairman of the Senate Banking Committee wants to ensure that safe, 30-year fixed-rate mortgages will available to homebuyers with all lenders having equal access to the secondary market.
February 9 -
The Mortgage Bankers Association says nonbank lenders are willing to file suspicious activity reports to curtail fraud in the industry, but the trade group wants the Financial Crime Enforcement Network to include more data fields in its reports so responders can supply identifying information.
February 8