Nearly 60% of the responses to our survey question on vesting program approval authority for Fannie Mae and Freddie Mac in their safety-and-soundness regulator were in favor of the idea.The final tally was 105-73. See our latest survey question in the left-hand column.
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
