Read more: AIG ruling was helpful. MarketWatch: You have repeatedly called for principal reduction on mortgages. Are you disappointed that the FHFA’s current director, Mel Watt, has not embraced.
Mel Watt attempted to ‘coerce’ employee into relationship budding housing crisis must be nipped now Trump announces housing-finance, market watchdog nominees MORE, director of the Federal Housing.
The New Principal Reduction Mortgage Loan Modifications I. FHFA Principal Reduction Mortgage Modification Program On April 14, 2016, The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would offer principal reduction to certain seriously delinquent, underwater
The Federal Housing Finance Agency (FHFA or Agency) is providing notice and inviting comment on a proposed rule to improve the liquidity of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (the Enterprises) To-Be-Announced (TBA).
Hillary Clinton on CFPB: Why would you get rid of that? Todd Mobraten announces resignation from USRES, RES.NET "Communication is at the center of real estate," insists todd mobraten, former president and CEO of USRES Inc. and its subsidiary, RES.NET Inc. Good communication between you and your real estate agent is key. Be upfront and tell your agent that you’re planning a vacation, well in advance.According to a recent article by CMA partner credit today, a survey of the participants in Industry Credit Groups throughout the United States (including some CMA members) explained that their overall investment of under $2,000 per year in an industry credit group returns over $250,000 in cost savings (yes; you read that correctly).That’s an investment that is hard to pass up.
Elizabeth Warren is on the hunt again – The activists cheered. She scolded FHFA chief Mel Watt for postponing action on principal reduction for struggling homeowners. "Evidently there is no need for delay, no need for further study, if the.
Monday Morning Cup of Coffee: Rising home prices raise concerns Masto opposes provision of settlement with big banks nevada Files First Criminal Charges in Robo-Signing Case. – In the first criminal case involving robo-signing of mortgage documents, Nevada’s attorney general catherine cortez masto filed charges Wednesday against two Lender Processing Services employees accused of filing tens of thousands of false documents. The grand jury indictment filed with the Clark.Welcome to FTR’s "Monday Morning Coffee " blog. The following article is designed to keep busy executives up to date with the latest economic data releases. Released every Monday, this blog promises to keep our clientele updated with the latest weekly economic news and developments, highlighting its impact on the transportation, freight.Mortgage industry fares well in fiscal cliff deal, debt forgiveness law survives Why Did Democrats Lose in Massachusetts? – This week on the JOURNAL, Bill Moyers spoke with liberal academics melissa harris-lacewell and Eric Alterman about why Democrats lost Ted Kennedy’s former seat in Massachusetts’ special election for.RealtyTrac: Foreclosure activity rising in 2013 · RealtyTrac released its October 2013 U.S. Residential and foreclosure sales report, which shows that U.S. residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annualized pace of 5,649,965-a 2 percent increase from the previous month and up 13 percent from October 2012.
Press Reports Indicate FHFA Will Allow Limited Principal. – · In a recent speech, however, FHFA Director Watt said only, “. I expect to announce a decision within the next 30 days about whether we have been able to find a “win-win” principal reduction strategy or whether, on the other hand, we will take principal reduction off the table entirely.
A proposed rule change filed under Rule 19b-4(f)(6) 21 normally does not become operative for 30 days after the date of filing. However, pursuant to Rule 19b-4(f)(6)(iii),22 the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest.
The FHFA is still mulling over principal reduction and determining whether a targeted principal reduction effort would be efficacious, but it’s plausible that the FHFA may not embrace a large-scale.
After tacitly supporting the policy and hinting at a definitive approach, the FHFA has delayed its decision on principal reductions. Facing mounting support for the policy, Acting Director Ed DeMarco reversed himself somewhat in early April when he came out in favor of a principal reduction program with limited scope and specific targets among the nation’s distressed homeowners.