Seeking input from several industry stakeholders, the FHFA’s new Advisory Committee will guide the Agency on its commitment to transparency and drafting policy that will connect equitable access with safety and soundness in the nation’s housing marketplace.
Read More »Senator Warren Leads Charge on Military Housing Readiness Council Act
Introduction of bipartisan legislation will seek to protect and ensure oversight and accountability on safe housing conditions for service members and military families.
Read More »Florida Court Affirms Summary Judgment in Foreclosure Case
Attorney Roy Diaz discusses a recent Florida Court decision where an affidavit was insufficient in creating a genuine issue, and entered a foreclosure judgment in favor of Bank of New York Mellon against two borrowers.
Read More »FHFA and Ginnie Mae Update Seller/Servicer Requirements
New updated minimum financial eligibility requirements for GSE seller/servicers and Ginnie Mae issuers will ensure that the nation’s housing finance system remains safe and sound, and that sustainable mortgage credit remains available for all qualified borrowers.
Read More »In Pursuit of a National Loss Mit Signing Solution
An upcoming Five Star Institute webinar will discuss the implementation of a national digital signing platform, built to satisfy servicer, investor, borrower, and state requirements nationwide.
Read More »Have Forbearances ‘Reached a Floor?’
The number of homeowners in forbearance plans has dropped by 35,000 month-over-month, however the number of those entering and exiting Fannie Mae, Freddie Mac, and Ginnie Mae loans is nearly equal for these loan types.
Read More »Accountability for Equifax
Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), has vowed to hold credit bureau Equifax accountable for repeated slights against American Consumers in an open letter published Aug. 10. The letter follows recent news that Equifax sent ...
Read More »HUD Declares $10M in Funding for Building Grants
The U.S. Department of Housing and Urban Development (HUD) has announced that it will make $10 million available in Rural Capacity Building grants. The Rural Capacity Building (RCB) program enhances the capacity and ability of rural housing development organizations, Community ...
Read More »CFPB Puts Focus on Financial Companies’ Data Handling
The Consumer Financial Protection Bureau (CFPB) confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer data. The circular provides guidance to consumer protection enforcers, including examples of ...
Read More »Cissy Yang to Join Fannie Mae as Chief Audit Executive
Twenty-five-plus-year audit executive to join GSE to monitor key risks assessments, and replace the retiring J. Douglas Watt, Fannie Mae's current SVP and Chief Audit Executive.
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