Federal Housing Finance Agency
Notorious credit-monitoring companies might be able to weasel their way into the mortgage industry.
Warren cited a Congressional Budget Office report from 2013 that determined a modest principal reduction plan could help
Dissolving Fannie and Freddie makes no sense for several reasons. There is no financing model that has yet been created to replace their securitization structure that in effect guarantees almost all conforming and Hi-Balance conforming loans, and which account for more than 60 percent of loan originations today.
Goldman and Morgan Stanley are also in preliminary discussions with the U.S. Department of Justice about settling allegations
As voices across the ideological spectrum have come to recognize the need for serious reform of our housing finance system with a greater role for private capital, the nation's top housing regulator made an unfortunate revelation.
Underwater America: Will President Obama, Mel Watt and Wall Street Finally Do the Right Thing for Troubled Homeowners?
The Obama administration did too little, too late, to help troubled homeowners, who faced plummeting home prices and the risk of foreclosure. The most important thing they can do is get Fannie Mae and Freddie Mac to adopt principal reduction.
Some in Congress and in the administration want to do away with Fannie and Freddie and hand over their portfolio to the private banking industry, but without the previous requirements that banks do a certain amount of business with low-to-moderate income individuals.
April 16 (Reuters) - Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation
The Coronel family is part of a growing national movement to challenge Wall Street and the financial industry, whose predatory practices resulted in millions of Americans losing their homes and millions more still "underwater" with homes worth less than their mortgages.
These findings "cast doubt on whether performing pre-foreclosure property inspections adds value," the report concludes. The
News coverage of the Senate's confirmation of Congressman Mel Watt on Tuesday to head the Federal Housing Finance Agency (FHFA) was all about politics, not the housing or banking issues he now has to address.
With Mel Watt confirmed as FHFA Director, we have a rare chance to reverse the widening economic inequality plaguing our communities. We urge the FHFA to start its work today.
Wall Street doesn't want a new director of FHFA. They like things the way they are, and don't want a new sheriff in town. That is why Republicans are so willing to buck history and tradition, are so willing to stop the first African-American appointee to run FHFA to be confirmed.
WASHINGTON/LONDON, July 26 (Reuters) - UBS will pay $885 million in a settlement with a U.S. regulator over allegations the
The White House declined to comment. "Congressman Watt is more knowledgeable on these issues and more committed to putting
By Nate Raymond The FHFA's settlement with Citigroup followed a major setback for the banks when the 2nd U.S. Circuit Court