Elyse Cherry, CEO of Boston Community Capital, a nonprofit community development financial institution, sat down with MReport to voice concerns and pitfalls within the FHFA's Principal Reduction Modification program and how the Agency should address them.
Read More »‘Hardest Hit’ Areas Get More Relief from Treasury
The Hardest Hit Fund (HHF) was created under the government's Troubled Asset Relief Program in 2010 to help the areas that were deemed to have been hit hardest by the financial crisis. How is the latest—and final—round of funding going to be disbursed?
Read More »Trump Hints at Fed Chair Yellen’s Future
Although he approves of the current low-interest rate environment, Donald Trump does not approve of the woman in charge of rates. If Trump wins the presidential election in November, Federal Reserve Chair Janet Yellen could be out of a job.
Read More »Financial Institutions Grapple With Compliance Costs
A fiercely raging debate for the last five years is whether or not the added costs imposed on businesses that must comply with increased regulations justifies the benefits of those increased regulations.
Read More »GOP Just Keeps Pushing Financial Reform
Republicans have been trying to chip away at Dodd-Frank almost since the law was enacted nearly six years ago. But lately they have made a more intense push, and they won a victory in the House of Representatives recently.
Read More »Is TRID to Blame for Jumbo MBS Disappearance?
For the last 10 years, jumbo mortgage-backed securities have been climbing their way back into the market, but did the implementation of TRID and other factors put a stop to growth in this sector?
Read More »Back to Basics: 4 Ways to Transform the GSEs
Andrew Davidson, President of Andrew Davidson & Co., Inc., says that the GSEs should be striped down to the functions that promote standardization, liquidity, and access to credit, and adopt the best governance structures for those functions using these four methods.
Read More »The Unexpected Pitfalls in Home Building
Home building in the U.S. slowed to the slowest pace in seven months after reaching a nine-year high, reflecting growing concerns in the construction sector and adding to inventory worries.
Read More »The Pros and Cons of Proposals to End Too Big to Fail
Minneapolis Fed President and CEO Neel Kashkari believes that the largest banks are still Too Big to Fail, and he and his colleagues are exploring possible solutions.
Read More »Sen. Shelby Requests Probe of FHFA
Why is Sen. Richard Shelby (R-Alabama), Chairman of the Senate Banking Committee, asking the Government Accountability Office to conduct further study on the activities of the Federal Housing Finance Agency?
Read More »