CFPB Proposes Alternative to DTI Limits in QM Lending Standards
The Consumer Financial Protection Bureau says it wants to eliminate the debt-to-income test from its qualified mortgage lending rules.
Officials to Defend Plan to End Gov’t. Control of Fannie, Freddie
Trump administration officials are going before Congress to defend their plan for ending government control of Fannie Mae and Freddie Mac.
Treasury Unveils Plan to Privatize Fannie Mae, Freddie Mac
The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion.
Trump Directs HUD, Treasury to Come Up With Plan to End GSE Conservatorship
President Donald Trump has issued an order for the government to end its 10-year conservatorship of the mortgage companies Fannie Mae and Freddie Mac.
Proposed Changes to GSEs Could Add $400 to New Borrowers’ Mortgage Payments
Proposed reforms to the government-sponsored enterprises (GSEs) that guarantee the majority of U.S. home loans could drive up monthly housing costs and diminish housing affordability for many Americans, according to Zillow.
FHFA Reinstates $3B Buffer To GSEs
The Federal Housing Finance Agency (FHFA) and the Department of the Treasury agreed last week to reinstate the $3 billion capital reserve each for both Fannie Mae and Freddie Mac.
Fannie And Freddie Here To Stay
Greater clarity around repurchases and a new set of affordable lending products went a long way toward improving bankers’ relationship with the government-sponsored enterprises (GSEs) this year, though memories of crisis-era buybacks linger like a bad champagne...
