Links in “FHFA”
- FHFA Announces Overhaul of Mortgage Insurance Master Policy Requirements
Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac's overhaul includes a number of provisions intended to facilitate faster and more consistent claims processing, among other requirements. [12/3]
- Filibuster Elimination Means New Head of FHFA Likely
Mel Watt, who missed confirmation by just 4 votes in October, is expected to be confirmed under the "nuclear option," which is likely to raise the level of policy risk, according to some industry observers. [11/25]
- Watt Nomination Blocked: Good News or Bad News?
Senate Republicans blocked a vote on the nomination of Rep. Mel Watt to head up the Federal Housing Finance Agency. Wattâs proponents say he would support stronger consumer protections and greater assistance for at-risk homeowners. [11/1]
- Ally Settles Mortgage Claims for $170 Million
Deal with the Federal Housing Finance Agency and FDIC require pending litigation against the bank to be dismissed. [10/31]
- Massive Size of Settlements May Push Banks to Increase Litigation Reserves
JPMorgan's $4 billion settlement sets a high bar for other banks still in the Federal Housing Finance Agency's crosshairs. [10/31]
- Tack on Another $5.1 Billion to JPM Settlements
JPMorgan Chase to pay $4 billion to Federal Housing Finance Agency and $1.1 billion to Fannie Mae and Freddie Mac to resolve mortgage-purchase issues. [10/28]
- Next Up for FHFA: BofA for $6 Billion
With talks underway with JPMorgan Chase to pay it $4 billion to settle faulty mortgage bond claims, the Federal Housing Finance Agency is expected to seek at least $6 billion from Bank of America. [10/22]
- Lower Mortgage Limits Could Hurt the Housing Recovery
In a letter to the Federal Housing Finance Agency, CUNA argues that lowering the loan limits for FNMA and FHLMC could further restrict liquidity and make mortgages more expensive. [10/10]
- Campaign to Promote HARP on the Horizon
Federal Housing Finance Agency hires spokesperson and mobilizes to spread the world to encourage eligible homeowners to take advantage of low interest rates by refinancing through the Home Affordable Refinance Program. [9/24]
- Federal Agencies Issue a Second Proposed Interagency Rule on QRMs
Although proposed rule issued by the FDIC, FHFA, FRB, Dept. of Housing and Development, SEC and the OCC does not directly affect credit unions, as participants in the mortgage market place they would likely feel the impact; proposed rule would make the definition of a âqualified residential mortgageâ consistent with the CFPBâs definition of a âqualified mortgage.â [8/29]
