Nat’l Mortgage News 5/23/17 – Lenders protest proposed FHA fee for risk upgrades

Nat’l Mortgage News 5/23/17 – Lenders protest proposed FHA fee for risk upgrades

Lenders protest proposed FHA fee for risk upgrades by Brian Collins   National Mortgage News reports on May 23 2017, 4:14 pm EDT   WASHINGTON — Lenders are objecting to the Trump administration’s proposed $30 million fee designed to partially fund upgrades to the Federal Housing Administration. While the mortgage … Continue reading

Housing Wire 5/23/17 – Affordable housing groups say Trump budget would be catastrophic

Housing Wire 5/23/17 – Affordable housing groups say Trump budget would be catastrophic

Affordable housing groups say Trump budget would be catastrophic Claim it takes policy in the wrong direction May 23, 2017 Kelsey Ramírez Affordable housing groups are speaking out against President Donald Trump’s proposed budget, which would slash $6.2 billion in funding from the U.S. Department of Housing and Urban Development and eliminate … Continue reading

National Mortgage News – 5/17/17 FHFA, Treasury should cooperate on GSE capital buffer, housing groups say

National Mortgage News – 5/17/17  FHFA, Treasury should cooperate on GSE capital buffer, housing groups say

FHFA, Treasury should cooperate on GSE capital buffer, housing groups say By Brian Collins May 17 2017, 5:53pm EDT WASHINGTON — Fannie Mae and Freddie Mac should be able to rebuild a capital buffer to avoid any potential crisis in the mortgage market, according to a coalition of affordable housing … Continue reading

Scotsman Guide 5/11/17 – Watt says FHFA could withhold GSE dividends

Scotsman Guide 5/11/17 – Watt says FHFA could withhold GSE dividends

Watt: FHFA could withhold GSE dividends May 11, 2017 In testimony Thursday, Federal Housing Finance Agency (FHFA) Mel Watt strongly hinted that the regulator would begin withholding Fannie Mae and Freddie Mac’s dividend payments to taxpayers to lessen the chance that the government-sponsored enterprises will need to take future draws … Continue reading

Housing Wire 5/10/17 – Independent Mortgage Bankers say Financial CHOICE Act still needs work

Housing Wire 5/10/17 – Independent Mortgage Bankers say Financial CHOICE Act still needs work

Despite relief, independent mortgage bankers say Financial CHOICE Act still needs work - ”One additional provision is needed” May 10, 2017 Scott Olson The Financial CHOICE Act (FCA) that recently passed the House Financial Services Committee provides regulatory relief for independent mortgage bankers (IMBs). IMBs are nonbank mortgage lenders – the very lenders … Continue reading

CHLA Releases Data Showing Non-Bank Dominance in FHA Loan Origination is Not New – 5/4/17

CHLA Releases Data Showing Non-bank Dominance in FHA Loan Origination is not a New Phenomenon Non-bank Ginnie Mae Share has Soared Recently; but FHA market share was already high Current Period of Non-bank FHA dominance corresponds with Historically Low Defaults   Contact: Scott Olson             … Continue reading