The Committee on Capital Markets has been formed to assess the degree to which U.S. public markets are competitive globally, and U.S. Treasury Secretary Henry Paulson has indicated that he will review its findings."The issue is important to the future of the American economy and a priority for me," Mr. Paulson said. Members of the group include executives from Wall Street and accounting firms.
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
Federal Housing Finance Agency Director Bill Pulte said last week that it will slash the budget for its inspector general, spurring Senate Banking Committee Democrats to seek his testimony.
The technology provider now counts two top 10 servicers among its customers and intends to use new capital to accelerate product development and add staff.
Fitch Ratings, noting the reduction in Wells Fargo's balances and sale of non-agency servicing, said the bank no longer meets expectations at its old grade.
ARMs accounted for more than 11% of rate locks, their largest share in nearly four years and up more than three percentage points over the past three months.
The chief risk officer's oversight extends to the modernization of loan pricing and scoring, which the GSEs' oversight agency has been accelerating.
