Housing Wire 6/15/17 – CHLA, NAR weigh in on regulatory burdens in comment letter to HUD

Housing Wire 6/15/17 – CHLA, NAR weigh in on regulatory burdens in comment letter to HUD

FHA premiums, fair housing, appraisal requirements top list of industry concerns for HUD CHLA, NAR weigh in on regulatory burdens by Brena Swanson Housing Wire reported on June 15, 2017 The current administration made reducing regulatory burden a main priority early on, announcing an executive order on the issue not too long after … Continue reading

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

American Banker 4/26/17 – BankThink A GSE risk we can no longer ignore: Do nothing

American Banker 4/26/17 – BankThink A GSE risk we can no longer ignore: Do nothing

BankThink A GSE risk we can no longer ignore: Doing nothing By Scott Olson April 26 2017, 12:00pm EDT We are approaching the 10th year of the conservatorship of Fannie Mae and Freddie Mac, yet Congress continues to struggle to produce a comprehensive reform bill for the government-sponsored enterprises. GSE reform has … Continue reading

Housing Wire 4/12/17 – Community lenders stress possible negative impact on MID in tax reform

Housing Wire 4/12/17 – Community lenders stress possible negative impact on MID in tax reform

Community lenders stress possible negative impact on mortgage interest deduction in tax reform Pens letter with two requests April 12, 2017 Brena Swanson As the Trump administrations works on hashing out comprehensive tax reform, the Community Home Lenders Association penned a letter to address its serious concerns about the future of the … Continue reading