Fannie Mae's and Freddie Mac's primary regulator, the Office of Federal Housing Enterprise Oversight, says it is a strong supporter of the GSE regulatory reform bill that the House is expected to vote on next week."We are very supportive and excited about the legislation in the House," OFHEO acting Deputy Director Alfred Pollard told the Exchequer Club. He stressed that the regulatory provisions are very important to OFHEO, because they provide new enforcement powers and free the agency from the appropriations process. He also said merging OFHEO into a new regulatory agency for the housing government-sponsored enterprises should not be a problem. Passage of a GSE bill will provide "certainty that will benefit OFHEO and Fannie and Freddie," Mr. Pollard said. Freddie Mac is not taking a stand for or against the bill, spokesman Sharon McHale said. "It is a tough bill," she said, that "gives the new regulator substantial powers to restrict our growth and raise capital. Going any further would run serious risks of significantly harming the housing finance system." A Fannie spokesman declined to comment on the House bill.
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The head of the Consumer Financial Protection Bureau summarized his findings from a yearlong probe into the Appraisal Foundation. He says the "lawmaking body" is not accountable to the public or market forces.
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The top five depositories have a combined wholesale volume of more than $15 billion at the end of Q4 2023.
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Among opportunities to be offered to the program's fifth class of startup entrepreneurs are bank-provided mentorships and sessions with technology leaders and regulatory experts within home finance.
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Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.
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The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.
March 18 -
The racial gap in first-time buyers' ability to maintain their status as owners has also narrowed over the last two decades, the agency's researchers reported.
March 18