Compliance & Regulation

Even as he blocked a major legislative push to spur more apartment construction around public transit and in wealthy suburbs, state Sen. Anthony Portantino acknowledged the need to address a shortage of housing in California.

Mark Calabria said he wants Fannie Mae and Freddie Mac to take preliminary steps by Jan. 1 toward exiting conservatorship.

With prospects for government-sponsored enterprise reform improving, players in the private residential mortgage-backed securities market are starting to think about how they could better compete against the GSEs while awaiting change.

The shift to nonbank lenders will put the breaks on non-qualified mortgage and home equity line of credit origination growth.

Housing finance reform cannot be piecemeal, but must be done using a comprehensive approach, an independent mortgage banker says.

His administration is looking at different alternatives to reform the housing finance system.

The market for non-qualified mortgages has been robust thus far in 2019, offering a pragmatic option for otherwise viable borrowers, as long as lenders stay vigilant about pushing the envelope too far.

Craig Phillips, who has been developing the Trump administration's plan to help free Fannie Mae and Freddie Mac from conservatorship, will leave Treasury next month.

Democrats and Republicans on the House Financial Services Committee called for steps to minimize the harm to community banks and credit unions bracing for the new accounting standard.

If you live in a single-family home in California, it's likely everyone else in your neighborhood does, too.