The proposed capital planning rule could set the stage for post-conservatorship regulation of the GSEs, but it still relies on capital requirements that the enterprises may not meet for at least a decade.
Federal regulators provided status updates on several current and pending mortgage-related rulemaking initiatives. But revisions to the qualified-mortgage standards were missing from the CFPB’s agenda.
We pointed it out before, but the situation has not changed: Nonbanks that went public over the past 16 months are not doing well when it comes to share price. As for meaning: Such a performance does not bode well for other nonbanks contemplating life in the public realm.
The failure of Zillow’s algorithm to provide reliable forecasts of home price changes could mean the GSEs’ automated valuation models are also suspect. Really?