The National Association of Mortgage Brokers said the proposed FHA rules that would make lenders fully responsible for the actions of their correspondents swings the pendulum of accountability too severely in the wrong direction and may also contradict current housing law. The Department of Housing and Urban Development proposed in November 2009 to increase the net-worth requirements for...
The new FHFA director’s whirlwind first week resulted in widespread staffing cuts at the regulator and a dramatic change in leadership at the GSEs. So far, criticism has been muted.
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