Public Citizen, a consumer advocacy group, has asked the Federal Elections Commission to investigate alleged violations of campaign finance laws by Freddie Mac's top lobbyist and a Republican fund-raising firm, although the complaint does not accuse Freddie Mac, as a corporate entity, of such violations.According to the complaint, during the 2002 election cycle, Mr. Delk hosted 45 fund-raising events for federal officeholders and candidates, many with direct oversight over Freddie Mac. A statement released by Public Citizen says Mr. Delk paid "significantly discounted prices" for the fund-raising events, "the low balling of which kept Delk's total contributions within federal limits." Mr. Delk used Epiphany Productions of Virginia, a Republican fund-raising firm, to organize the events. A Freddie spokeswoman said Mr. Delk hosted the events "as a private citizen, not on the behalf of our company." She added that Freddie Mac does not feel he violated any campaign finance laws in regard to the fund-raisers. As of MortgageWire's deadline Friday, neither Mr. Delk's attorney, Jan Baran, nor Epiphany could be reached for comment.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18