Far more consequential was a similar announcement by Mel Watt, chief of the agency that. interest groups that supported the pre-crisis status quo – real estate agents, low-income housing advocates.
Earlier this month, partisan opponents in the Senate blocked the nomination of Rep. Mel Watt to become the new head of the Federal Housing Finance Agency (FHFA), which regulates the government-backed mortgage finance firms and has broad power to make meaningful policy changes. At the moment, the acting head of FHFA is Ed DeMarco,
The Mortgage Bankers Association seems to be "romancing" Mel Watt with its self-serving welcoming, indicating the association’s agenda and for its members and the big banks which own them.
But they also mean. director mel watt, who oversees the mortgage giants, for less-strict mortgage underwriting guidelines. Finding a way out of this impasse will not be easy-and may, indeed, be.
Jeb Mason – Challenges Facing President-elect Donald Trump on reforming the GSEs Donald located Trump U at the jewel in the crown of the Trump empire–he meant Trump U not as just a money-making venture, but as a showpiece for his name. Trump U may have failed, but Donald Trump intended it to succeed. Source: OnTheIssues FactCheck on Trump 101, by Donald Trump, Jun 9, 2016 Founded Trump University to teach the art of deal.‘Overwhelming Supply’ Affecting Housing Market: Radar Logic Home Depot warns customers with stolen email addresses Home Depot warns customers about email scams after breach. also exposed 53 million email addresses. The stolen files did. information via email, and Home Depot urges customers to learn more.House to vote Monday on limiting gse ceo pay freddie Mac: Mortgage rates won’t hit rock bottom again Now that economists and brokers predict that rates have hit rock bottom, they say rates will once again head upward for the rest of the year, topping off near 7 percent by the beginning of 2003.The House Financial Services. to questions about the ceo pay increases. “I would be very dubious” about increasing pay for the CEOs, senator jeff merkley, an Oregon Democrat, told Bloomberg.
Were Fannie, Freddie Negotiations Done in Good Faith? The battle over Fannie Mae and Freddie Mac is heating up, which means this man will be very busy answering questions for the foreseeable.
Would keeping the status quo be so bad? A compromise that would settle the future of Fannie and Freddie once and for all along the lines of Johnson-Crapo would be a more optimal outcome, in large part because it would provide a permanent solution for the housing industry which has lived with uncertainty since the 2008 financial crisis erupted.
Citigroup reveals battle plan to grow correspondent division ValueAct reveals $1.2bn stake in Citigroup – ValueAct has accumulated a $1.2bn shareholding in Citigroup, giving the activist hedge fund an. The letter does home in on the bank’s Treasury and Trade Solutions division, describing it as the.FHA Mortgage Workout Lacks Incentives and Creates Problems: Industry Sources Corresponding scientific breakthroughs that helped make solar power in the first place drove up the glut of panels that shook up the industry. of energy cost roughly the same to create as more.
At a hearing to consider his nomination as President of Ginnie Mae, Michael Bright, told the Senate Banking Committee that he would continue to work on modernizing the agency and ensuring the.
The designer had been in a relationship with Mick Jagger since 2001 but he was in Australia with the Rolling Stones at the time of her death He is ‘completely shocked and devastated’ by the news and.
Housing Wire – "Mel Watt nomination means ‘status quo’ for the mortgage industry" (12-11-13) "With Mel Watt now confirmed to take over Ed DeMarco’s director position at the Federal Housing Finance Agency, many mortgage industry watchers are expecting everything to stay very much the same."