The issue of principal reduction has returned to the forefront of housing policy in the last month as current FHFA Director Mel Watt recently announced that he would make a decision in the next 30 days as to whether or not to offer principal reduction.
Read More »Watchdog Chides FHFA for Lack of Oversight
The report from the FHFA Office of the Inspector General covered an 18-month period from early 2013 to mid-2014.
Read More »Hensarling, Shelby to HUD and FHFA: Don’t Change a Thing
Hensarling and Shelby said campaigns that criticize the open and competitive NPL sales process are “based on a false notion that doing so is somehow contrary to the goal of ‘neighborhood stabilization.’”
Read More »Where Have Home Prices Appreciated the Most?
Home prices are continuing to rise all over the country, according to FHFA. What area have seen the largest increases?
Read More »FHFA: Debt Reduction is ‘Still Under Consideration’
The Federal Housing Finance Agency said it was looking for a "responsible solution" to the issue of mortgage debt reduction.
Read More »FHFA Continues Outreach Efforts to HARP-Eligible Homeowners
The agency noted it wanted to reach out to homeowners who had other factors that could compensate for their low credit scores for a possible mortgage refinance.
Read More »All Federal Home Loan Banks Record Positive Net Income
At this year's Federal Home Loan Banks (FHLBanks) directors' conference, speaker FHFA Director Melvin L. Watt, delivered a speech regarding the past year of positive developments that occurred in these 12 banks.
Read More »Watt Announces One-Year Extensions for HAMP and HARP
Speaking at the Greenlining Institute 22nd Annual Economic Summit, Watt announced a one-year extension of the government's two affordable housing programs, which began in 2009 in response to the housing crisis. HARP was set to expire at the end of this year, while HAMP was extended last July until the end of 2016.
Read More »FHFA’s Conservatorship of GSEs Has No Clear End, Ratings Company Says
Since 2012, all GSE profits have been swept into Treasury. The GSEs each have a capital buffer of $1.8 billion, but it is required to be reduced by $600 million per year until it reaches zero by 2018. The Enterprises would require another draw on Treasury should their losses exceed their capital buffer.
Read More »Feds Update Rules for State-Run Appraisal Management Companies
Six federal financial regulatory agencies Thursday issued minimum requirements for state registration and supervision of entities that provide appraisal management services to lenders, underwriters, and other principals in the secondary mortgage market.
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