The Federal Housing Finance Agency, the federal regulator and conservator of government-sponsored mortgage giants Fannie Mae and Freddie Mac, has delivered a strategic plan for the two that envisions them becoming smaller and less relevant to the secondary mortgage market.
The discontinuance of new mortgage loans by BofA is in response to an ongoing dispute over the expenses on defective mortgages and Fannie Mae’s position on repurchases, reports say.
The Federal Housing Finance Agency has delivered a strategic plan for Fannie Mae and Freddie Mac.
If John Worth worked at the United Nations, he might be helping delegates understand a language that is quite different from their native tongues.
Saying that it hopes to help several million more families save money while helping the economy, the Obama administration on Oct. 24 unveiled a multifaceted plan to encourage the refinancing of mortgages.
Modifications to HARP aimed at helping millions of families and the economy, HUD secretary says.
Legal field against some big banks getting crowded.
The definition of what or will not constitute a qualified residential mortgage may be the most important and least appreciated or understood financial regulation facing credit unions this year.
This look at a key Aug. 1 deadline is just one of the articles that will appear in the next edition of Credit Union Times.
Large credit unions and banks may face additional restrictions on executive compensation as a result of regulations that will be issued by the NCUA and other financial regulators.