Fannie Mae, Freddie Mac, FHFA rent space, announce search is on for CEO for new organization: Common Securitization Solutions LLC.
Borrowers relieved of requirement to document hardship or financial situation.
Agency promotes from within and brings in FDIC veteran.
FHFA Acting Director Edward J. DeMarco on Tuesday released a plan that acknowledges congressional discussions to transition capital and risk away from the feds.
The continued high volume of HARP loans is attributed to record-low mortgage rates and program enhancements.
Balances to remain, regulator says.
There will likely be another round of place holding and finger pointing on Capitol Hill on Sept. 15 when a House Financial Services Subcommittee opens a hearing on Fannie Mae and Freddie Mac.