A longtime ally of Fannie Mae and Freddie Mac, the National Association of Home Builders, sees nothing in the Rudman report that would justify placing portfolio limits on the two government sponsored enterprises.The report of former Senator Warren Rudman's investigation into Fannie' accounting sandal shows that new management under Fannie chief executive Daniel Mudd has taken the company in the right direction, according to NAHB executive vice president and chief executive Jerry Howard. The NAHB executive said the Rudman report does not give the Bush Administration and Senate Banking Committee chairman Richard Shelby, R-Ala., the boost they wanted to secure passage of a Senate GSE bill with portfolio limits. "The report does not help them," he said. "We are calling with renewed vigor for enactment of the House-passed bill," Mr. Howard said. The House passed the GSE bill last fall by a 331-90 vote. But the administration and Sen. Shelby claim it is a weak bill because it does not give Fannie and Freddie's new regulator a directive to limit the GSEs' portfolios.
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Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
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A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25