Have a bright idea about how the government can best liquidate the current huge inventory of owned real estate (REO) currently held by FHA, Fannie Mae and Freddie Mac? Here is your chance to be heard. The Federal Housing Finance Agency (FHFA), the conservator of the two government sponsored enterprises...
The proposed regulations governing the Qualified Residential Mortgage (QRM) exemption from risk retention rules constitute a "devastating, unnecessary and very expensive wrench (thrown) into the American dream" according to a white paper released Wednesday by a consortium of housing industry groups....
Yesterday I received this note from an industry veteran: "In reference to your statement 'The entire mortgage business is bruised and battered,' I have to take issue with that characterization. Yes, the industry is certainly contending with a number of issues, several of which are complex and intimidating...
H.R. 3081 : Making Continuing Appropriations for Fiscal Year 2011, and For Other Purposes, passed the House of Representatives this morning. Buried in that legislation was authorization to extend current loan limits for mortgages provided through Fannie Mae, Freddie Mac, and the Federal Housing Administration...
The National Association of Home Builders ( NAHB ) urged Congress this week to move forward on legislation to improve energy efficiency and sustainability in housing without driving costs above manageable levels. Jerry Howard, NAHB executive vice president and CEO testified before a House Financial Services...
Fed Chairman Ben Bernanke said accelerating rates of foreclosures and delinquencies can have a significant impact on the economy and called for more to be done in order to prevent them. Speaking Monday night at the Columbia Business School's 32nd annual dinner, Bernanke said the rate of foreclosures...
In order to prevent more foreclosures, Fed Governor Randall Kroszner said lenders should lower mortgage rates and reduce principal for borrowers whose home prices have dropped below their loan values. Testifying before the House Financial Services Panel on Wednesday, Kroszner urged Congress to move quickly...
Update: HUD has released the new loan limits. Find your local loan limit here . So-called FHA reform reached an important milestone on Friday when the U.S. Senate overwhelmingly approved its version of the legislation. The bill, which passed by a vote of 93-1 , seeks to make the Federal Housing Administration...
Under the category of 'what took so long' two secondary market players announced a couple of small changes; one that may help financially squeezed troops the other that adds an extra layer of security to a small sector of the mortgage market. Effective June 18, the Federal Housing Administration (FHA...
Posted to
MND NewsWire
by
Glenn Setzer
on
Fri, Jun 17 2005
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