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

  May 17 2017, 5:53pm EDT As reported by  Brian Collins in National Mortgage News, a coalition of affordable housing advocates, home builders and small mortgage lender groups, including CHLA, are urging FHFA and Treasury to work together to enable Fannie Mae and Freddie Mac to rebuild a capital buffer, to avoid a potential crisis … Continue reading

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

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

“One additional provision is needed” May 10, 2017 by  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 that stepped up to expand mortgage access to credit for consumers since … Continue reading