A pullback by Fannie Mae and Freddie Mac, which are beset by accounting and political problems, shouldn't have a major impact on the housing market, according to a Wall Street economist."We will see them grow more slowly," Michael Moran, chief economist of Daiwa Securities America Inc., told a National Association of Home Builders construction forecast conference. But he noted that, in his view, the two secondary-market agencies have a minimal impact (7 to 25 basis points) on mortgage interest rates. In terms of financing affordable housing for minorities, the private sector does a better job, he said. "It will not be that big of a deal," Mr. Moran said.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
2h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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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.
April 18 -
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.
April 18