Compliance & Regulation

Changes to the Platinum program or a tender offer for Ginnie Mae Is are among the strategies Ginnie and stakeholders are examining the pros and cons of in trying to avoid a possible future liquidity concern due to shrinking Ginnie I volumes, a Ginnie capital markets executive told this publication.

A common refrain in Washington these days is that the Federal Housing Administration plays an outsize role in the mortgage market and should return to its traditional market share of 10% to 15%.

Treasury Secretary Jacob Lew said a one-time payment from Fannie Mae confirms that the nation’s debt ceiling won’t be reached until September.

KeyBank Real Estate Capital has agreed to purchase billions in commercial mortgage servicing rights from Bank of America, which will single handedly bring KeyBank’s CMBS servicing portfolio to the nation's top three.

The additional services that North County Property Group is now providing clients include a 10-point property marketing program, REO portfolio services, eviction services, and a referral program for cooperating real estate brokers and agents.

The Securities and Exchange Commission has charged the City of Harrisburg, Pa., for misleading investors about its financial health.

In a discussion led by attorney Joshua Stein (left), Bruce Batkin, president and CEO, Terra Capital Partners, said the commercial real estate market forecast is largely favorable.

In the post-crisis housing market appraisal reports are becoming as important as credit scores, requiring lenders and servicers to be more inventive with the tools they use to assess real estate value risks.

It appears that one of the chief enforcement tools of the Consumer Financial Protection Bureau is the use of the horizontal audit.

Now that Fannie Mae and Freddie Mac are profitable again and getting closer to paying back all the financial aid they received from Treasury, it is going to make it harder to pass far-reaching GSE reforms.