Government

The Securities and Exchange Commission is shifting its focus toward greater transparency amid the rapid and significant technological innovations going on in our financial markets, while maintaining and instilling greater accountability.

When CFPB Director Richard Cordray likened TRID concerns to the Y2K fuss, he missed the fact that the long-term impact of the rule is not yet a foregone conclusion. Editor's note: This select print feature appears in the February 2016 edition of MReport magazine.

Just one day after FHFA Director Mel Watt stated during an address in Washington, D.C. that risks facing the Agency (namely the GSEs’ declining capital buffer) are “certain to escalate” the longer the conservatorships of the GSEs continue, Fannie Mae reported an annual net income of $11.0 billion for 2015—a decline of 23 percent from the previous year’s net income of $14.2 billion.

DocMagic, Inc., a provider of fully-compliant loan document preparation, compliance, eSign, and eDelivery solutions, recently announced the development of a set of new reps and warrants for its calculations, documents, and data.

The ability of the GSEs to remain profitable has been questioned by lawmakers and other stakeholders, but Freddie Mac answered the question Thursday with its fourth quarter and full-year earnings—at least for now.

Fannie Mae and Freddie Mac have been under conservatorship for almost eight years following a massive taxpayer-funded bailout. While many in the industry have called for a GSE reform on numerous occasions over the years, the future of the conservatorship remains uncertain.

For a program that was only supposed to be temporary, HARP is still going rather strong as the Federal Housing Finance Agency makes one final push to get more homeowners refinanced.

Five Star Institute President and CEO Ed Delgado recently met with HUD Secretary Julián Castro to ask the Secretary to consider issuing a mortgagee letter to set the definition and criteria for identifying vacant and abandoned properties.

The Federal Reserve has consistently been obscure in the details surrounding its monetary policy decisions, and the Federal Open Market Committee was abundantly clear on just how unsure they are about the future in regards to their recent decision to leave rates at their current level.

Housing starts declined for the second consecutive month in January, despite industry forecasts that they would recover from the previous month's decrease.