Government

Fannie Mae and Freddie Mac recently announced a big change to the benchmark mortgage modification interest rate that will help servicers.

Why does a federal watchdog believe that non-bank servicers, who now service a majority of HAMP loans, need more oversight from federal regulators?

While speculation of a June rate hike by the Fed persists, St. Louis Fed President James Bullard discussed two possibilities for the Fed to take on the normalization of monetary policy.

The financial results for Q1 2016 released by both Freddie Mac and Fannie Mae this week, particularly for Freddie Mac, have resulted in even more questions as to whether or not the current GSE model is sustainable.

HUD made its first allocations through the National Housing Trust Fund this week. How much was allocated and where will the money be going?

A mostly disappointing April jobs report from the Bureau of Labor Statistics on Friday, combined with recent turbulence that includes a 0.5 percent GDP estimate for the first quarter, has many wondering whether another economic slowdown is on the way.

The CFPB wants to cut off lenders’ ability to include clauses prohibiting borrowers and bank account holders from filing or joining class action lawsuits in their contracts.

The Q1 financial results for Fannie Mae contained much better news than the report of its fellow GSE, Freddie Mac, earlier this week.

If the GSE reform should happen, the industry should aim to meet the needs of future generations of homeowners, not the want of political interests. In order to do this, however, Ginnie Mae will need to come forward as its own government corporation.

In the time period following the housing market collapse, private mortgage insurance was not easy to obtain. This left the door open for the FHA to step in to accommodate low-down payment borrowers and pick up more market share. But the tables have since turned.