Freddie Mac chairman and chief executive Richard Syron says a more accommodative stance by the Bush administration has created "some movement" toward a compromise on GSE regulatory reform legislation.The Freddie Mac CEO was referring to recent discussions between Treasury Department officials and Rep. Barney Frank, D-Mass., which he said indicate that the House and the administration are close to agreement on several issues that have tied up government-sponsored enterprise legislation for several years. "In my mind, that would push things somewhat further ahead than they have been in the past." Mr. Syron said. But he stopped short of making any predictions about passage of a GSE reform bill or expressing support for such reforms. Nevertheless, he remarked that Rep. Frank, the new chairman of the House Financial Services Committee, is an able legislator and "extremely well acquainted" with GSE issues. In addition, the congressman has a "passionate interest" in affordable housing, he said. Mr. Syron made his remarks during a conference call with investors and Wall Street analysts.
-
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 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25