The Bush administration is expected to present its position on GSE regulatory reform at a Senate Banking Committee hearing scheduled for early April.Treasury Secretary John Snow and Housing Secretary Alphonso Jackson are slated to testify on April 7 and present their views on what is needed to strengthen regulation of Fannie Mae, Freddie Mac, and Federal Home Loan Banks. Last year, administration demands that the new GSE regulator have receivership powers so it could shut down a financially troubled government-sponsored enterprise killed congressional efforts to pass a GSE bill. While it is generally accepted that receivership powers should be included in a GSE bill this year, congressional leaders are anxious to hear whether the administration will support proposals to control the growth of Fannie's and Freddie's mortgage portfolios, which have combined assets of $1.5 trillion. Federal Reserve Board Alan Greenspan, who is a strong advocate for sharply cutting the size of the GSE portfolios, is scheduled to testify April 6 before the Senate Banking Committee.
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New guidelines regarding buy-side and sell-side real estate agent compensation are set to go into effect this summer.
42m ago -
Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.
1h ago -
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28