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Two Republican legislators have suggested that affordable housing funding should be put on hold until Congress finally decides what to do about Fannie and Freddie. But why give Congress another six years to fiddle around with housing finance while the poor and homeless face a declining level of government housing assistance?
January 30
Partnership for Sustainable Communities -
The Internal Revenue Service recently closed two audits of bonds issued in Colorado with no change to the bonds' tax-exempt statuses.
January 30 -
Stability is gradually returning to the housing market following the foreclosure crisis, according to Freddie Mac.
January 30 -
TCF Financial took $44 million in charges to rid itself of mortgages made before the housing collapse. A distressed-asset investor purchased more than $400 million in loans from the company, and another pool of bad mortgages may be marked for sale soon.
January 29 -
The Treasury Department has exceeded its authority by keeping Fannie Mae and Freddie Mac in conservatorship so long and taking all their profits, two legislative experts said Thursday.
January 29 -
Banks have made progress cutting their exposure to risky home equity lines of credit, ahead of a key 10-year threshold when billions of dollars of them will reset to higher monthly payments. But there are some prominent exceptions, especially among regional banks.
January 29 -
Freddie Mac priced its first Structured Agency Credit Risk transaction of the year. The Series 2015-DN1 was upsized to $880 million from $775 million originally.
January 29 -
South Florida is inching closer to housing stability, according to a monthly report by Freddie Mac.
January 29 -
Mortgage interest rates rose by three basis points compared with the previous week, the first time there has been an increase since the last week of December, according to Freddie Mac.
January 29 -
Regulatory attention is supposed to be laser-focused on servicers right now, especially when it comes to how consistent they are in applying workouts. So regulators should be looking closely at whether loans have forbearance.
January 29
National Mortgage News







