Joint Letter to FHFA Director Watt – 5/31/16 – Suspend GSE Dividend Payments to Treasury

May 31, 2016   The Honorable Mel Watt, Director Federal Housing Finance Agency 400 7th Street, SW Washington, D.C. 20219 Dear Director Watt: Our organizations are deeply concerned that under the Preferred Stock Purchase Agreements with the Treasury Department, the capital buffers of Fannie Mae and Freddie Mac will be … Continue reading

Don’t Reform Fannie Mae and Freddie Mac into the Grasp of Wall Street and Big Banks (Letter to the Editor – The Washington Post 6/08/16) –

Don’t Reform Fannie Mae and Freddie Mac into the Grasp of Wall Street and Big Banks  (Letter to the Editor – The Washington Post 6/08/16) –

Letters to the Editor Don’t reform Fannie Mae and Freddie Mac into the grasp of Wall Street and big banks June 7 Regarding the June 4 editorial “A financial zombie”: The policy choice we face is simple: Either turn over the securitization and mortgage markets for government-guaranteed mortgage loans to … Continue reading

CHLA Lauds Passage of Transitional Licensing Bill – 5/23/16

CHLA Lauds Passage of Transitional Licensing Bill – 5/23/16

CHLA Lauds Passage of  Transitional Licensing Bill Legislation Underscores Need for Separate  Action on a Universal SAFE Act Test Contact:  Scott Olson                                                                                   For Immediate Release (571) 527-2601                                                                                                   May 23, 2016 The Community Home Lenders Association (CHLA) praised the House of Representatives today for its approval today, by voice vote, of H.R. 2121, … Continue reading

National Mortgage News 6/01/16 – Civil Rights, Consumer Groups Urge FHFA to Recapitalize Fannie and Freddie

National Mortgage News 6/01/16 – Civil Rights, Consumer Groups Urge FHFA to Recapitalize Fannie and Freddie

Civil Rights, Consumer Groups Urge FHFA to Recapitalize Fannie and Freddie By Brian Collins June 1, 2016 Several civil rights and community development groups wrote Tuesday to urge the Federal Housing Finance Agency to recapitalize Fannie Mae and Freddie Mac. The joint letter included the Center for Responsible Lending, the … Continue reading

HousingWire 6/01/16 – Is the FHA about to cut mortgage insurance premiums again?

HousingWire 6/01/16 – Is the FHA about to cut mortgage insurance premiums again?

Is the FHA about to cut mortgage insurance premiums again? Compass Point analysts set odds of additional cut at 60% June 1, 2016 Ben Lane   Early last year, the Obama Administration shook up the housing world when it ordered theFederal Housing Administration to cut its annual mortgage insurance premiums by 50 basis points, … Continue reading