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.
Third quarter figures from Mortgage Bankers Association show lowest delinquency rate since fourth quarter of 2008.
Five lenders dominate but numerous small participants also picking up their pieces of the pie.
The Mortgage Bankers Association has argued before Congress that the proposed definition of qualified residential mortgages will wind up forcing more borrowers into using government-backed loans.
Problems with processing foreclosures slowed the activity to its most sluggish pace in April, further delaying the point when the market will have addressed the large stockpile of real estate for sale.
The Mortgage Bankers Association has significant doubts about the regulations meant to provide mortgage issuers rules for making safer loans.
Part of the fallout from the mortgage meltdown is the debate on what constitutes a qualified mortgage.
David Stevens, the director of Federal Housing Administration, was named the president/CEO of the Mortgage Bankers Association today.
A building in downtown Washington DC that the Mortgage Bankers Association appears to have sold short has sold again for a good deal more money.
GFA Federal Credit Union, Gardner, Mass., recently recognized its CEO Tina M. Sbrega for her 30 years of service to the credit union.