· Citigroup danced with the devil and lost. They never had a chance. Now that they are the Feds’ lap dog and a newly-minted GSE, any hopes they had of exercising any independent decision-making pretty much just blew right out the window.
It is critical that housing finance reform ensures access for all creditworthy borrowers, regardless of their income level, geographical location, or race. In its current form, the details of Johnson-Crapo appear to fall short. The draft bill does not include meaningful enforcement and evaluation criteria to ensure access.
Market for home construction workers improves, still rough Foreclosure deals to start with big lenders, Iowa AG says MBA: Jumbo loans drive mortgage credit availability mortgage availability improving, by James Woodard. – · Finally we are seeing solid signs of improvement in the availability of mortgage loans. According to a survey from Fannie Mae, credit availability is improving. For the first time in more than.Going Against The Grain – Is this behemoth too damned big for its own good. Cargill’s margin on these differentiated products is likely to be 3% to 5%," says Hayenga, who teaches agricultural economics at Iowa State. Like. · Purchasing a new-construction home is different from buying a resale home. Here are some tips and items to keep in mind if you have a client interested in purchasing new construction.
A great piece in today’s Wall Street Journal from Brian Carney on the mysterious immunity to reform enjoyed by the utterly dysfunctional Freddie Mac and Fannie Mae: Fannie and Freddie have liabilities.
Johnson-Crapo’s Reemergence Ruins Reg relief bill john berlau May 18, 2015 Last year, an overhaul of Fannie Mae and Freddie Mac called Johnson-Crapo-named after then Senate Banking Committee Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho)-went down in flames after observers found that the bill was not reform, but a.
GSE reform Trump team wary of Fannie-Freddie fix before 2020 election The Trump administration is growing wary of taking bold steps toward freeing Fannie Mae and Freddie Mac from federal control before the 2020 election, said people familiar with the matter, in part because of the political risk of potentially upending the U.S. mortgage market.
AEI labels Johnson-Crapo the ‘ObamaCare of GSE reform’ Right or not, it’s a smart political tactic
GSE reform GSEs in favor of retaining CRT strategies, g-fee parity post-reform Government-sponsored enterprise executives say they want to continue to offer credit risk transfers and guarantee-fee parity after the GSEs are released from conservatorship, but they might not be able to.
Housing contribution to GDP below historical watermark Harry Gardner appointed to MISMO’s board of directors ALTA – mismo announces committee appointments – Appointed earlier to serve on the committee, Gardner was elected to the chair for 2010 at last week’s MISMO meeting in Jacksonville, fla. charles epperson, SigniaDocs’ vice president of eMortgage technology, was re-elected as chair of the MISMO title workgroup and as a member of MISMO’s council of chairs. · By the time Obama left office, the jobless rate was down to 4.8 percent – well below the historical norm of 5.6 percent (the median rate for all the months since Truman’s inauguration in.
AEI labels Johnson-Crapo the ObamaCare of GSE reform’ Former undersecretary of state and founding executive director of the George W. Bush institute james glassman called the mortgage system that would be assembled under the Crapo-Johnson proposal for GSE reform "the Obamacare of real estate" for taking a top-down approach to reshaping nearly one-sixth of the US economy.
Johnson-Crapo Is Phony Fannie-Freddie Reform by John Berlau on March 20, 2014 . This appeared here and I wish to thank John for allowing me to publish his work. RK . Ever since the phrase appeared in Shakespeare’s Romeo and Juliet,
Are VA loans fulfilling their duty? They may want to hire staff, open a new store or branch or invest the capital to improve their services. To meet these needs are VA business. Injury Loans. This program serves veterans who had to.