Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.
Not much impact seen from Fannie Mae, Freddie Mac decision to buy only qualified mortgages after Jan. 10, 2014.
FHFA said the GSEs will generally not buy loans that don't meet the CFPB's new "ability to repay rule."
North Carolina congressman's nomination to FHFA top spot prompts careful comments from trades.
Ever since Rep. Jeb Hensarling (R-Texas) and Rep. Maxine Waters (D-Calif.) were named the chairman and ranking member of the House Financial Services Committee late last year, Capitol Hill observers have waited for the two members of Congress and their polar opposite ideologies to clash publicly.
Media sources report that Mark Zandi, chief economist at Moody's Analytics, is a lead contender to replace DeMarco.
Refinancing program had been scheduled to end at the end of 2013. Now gets two more years.
Agency posts list of actions against securities firms since financial crisis began.
Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).
Borrowers relieved of requirement to document hardship or financial situation.