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The Federal Housing Finance Agency is creating specialized risk teams to participate in the examinations of Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks as part of a major overhaul of the entire agency.
February 3 -
The former president of the Florida A&M University Federal Credit Union, and a University policy institute director were sentenced to more than two years in federal prison last week and ordered to repay $134,000 in Housing and Urban Development grant money they were found guilty of stealing.
February 2 -
WASHINGTON — If only the administration's task in fixing housing finance was as easy as choosing plan A or plan B.Instead, part of the Treasury Department's challenge is just sifting through all the ideas. The public has seen a broad array of ideas from stakeholders, all with different visions of the world after the Fannie Mae and Freddie Mac conservatorships
February 2 -
Bowing to pressure from consumer and industry groups, the Federal Reserve said it would halt further Truth in Lending Act rulemaking on three proposed rules related to residential mortgages.
February 2 -
The Federal Housing Finance Agency is moving ahead with a rule that prohibits Fannie Mae and Freddie Mac from dealing in mortgages on properties encumbered by "certain" private transfer fees.
February 2 -
The National Credit Union Administration plans to sell another $1.26 billion of its corporate bailout bonds this week, after last week's successful offering of $1.51 billion worth.
February 2 -
The Small Business Administration on Tuesday officially asked the Federal Reserve to postpone the April 1 implementation date of its loan officer compensation rule, saying the central bank did not provide "sufficient" or "proper" guidance for small mortgage firms and loan brokers to comply with the new requirements.
February 1 -
To help more underwater borrowers, Senator Barbara Boxer, D-Calif., has introduced a bill that requires Fannie Mae and Freddie Mac to stop charging high fees on refinancings of guaranteed mortgages with high loan-to-value ratios.
February 1 -
The Nationwide Mortgage Licensing System and Registry is ready for federally insured banks, thrifts and credit unions to register their loan officers, according to federal and state regulators.
January 31 -
The financial system of the United States changed when President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act last July.
January 31