-
The GSEs make mortgages? Banks don't? For an economics professor who has made the causes of the housing collapse a central campaign issue, David Brat sure doesn't sweat the details.
June 19
National Mortgage News -
The Federal Housing Administration is on better financial footing thanks to an expected $418 million payment from SunTrust in a settlement resolving claims that the bank originated defective loans.
June 18
-
Student loan payments can be up to 20% of a graduate's current monthly debt obligations. Based on current housing ratios, that does not leave a lot of room for mortgage payments.
June 18
STRATMOR Group -
The Federal Reserve Board on Wednesday continued to shrink its stimulus program by yet another $10 billion clip.
June 18 -
The HAWK program could help participating lenders differentiate themselves from the flock. But the proposed mortgage insurance premium discounts for borrowers who receive counseling are too modest, industry members say.
June 18
-
Julian Castro pledged to recapitalize the FHA insurance fund and work with Congress on GSE reform but equivocated when a Senator asked about cities condemning underwater mortgages.
June 17
-
Rep. Randy Neugebauer, R-Texas, introduced a new plan Tuesday to modify and extend the Terrorism Risk Insurance Act.
June 17 -
The program was previously available to first-time homebuyers only.
June 17 -
When the qualified mortgage rule took effect in January, many predicted the rule would stifle lending to low-income and minority borrowers. But a credit crunch never materialized, thanks to exemptions given to federal mortgage agencies.
June 17
-
The Consumer Financial Protection Bureau has ordered a New Jersey company, Stonebridge Title Services Inc., to pay $30,000 for paying illegal kickbacks for referrals.
June 17
