The final interagency statement on subprime lending issued by federal regulators late last week is laudable, says a key legislator on Capitol Hill, but regulators should be issuing rules that would provide stronger consumer protection and cover all mortgage...
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The Bush administration’s FHA modernization proposal could help the program reverse a long-term decline in market share and address problems in the subprime market, but the plan also poses potential risk, according to a new Government Accountability Office report...
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Federal regulators reportedly are bearing down on Fannie Mae and Freddie Mac to comply fully with an earlier order that they make sure their business activity meets the standards set by the inter-agency guidelines on nontraditional mortgages issued last year by...
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Congress should consider policy responses based on “corrections” already taking place in the subprime mortgage market, and work to attain strong consumer protections without disrupting the availability of credit, according to an alliance of financial...
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House Financial Services Committee Chairman Barney Frank, D-MA, and a bipartisan group of supportive colleagues introduced legislation late last week that aims to generate up to $1 billion a year to provide affordable housing opportunities to 1.5 million people...
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Although lenders have taken significant steps to shore up underwriting in the wake of high levels of early payment defaults on subprime mortgages, experts say this year’s business is expected to face its own problems. In a recent audio conference on...
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Issuance of new Ginnie Mae mortgage securities rose sharply in the second quarter of 2007, raising annual production levels slightly above the pace set in the first half of last year. A total of $21.81 billion of new Ginnie MBS... [Includes one chart and one graph]
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No widespread ratings downgrades are anticipated for any of the major private mortgage insurance firms over the near-to-intermediate term, according to Moody’s Investors Service’s latest analysis of the industry in the wake of the subprime mortgage market crisis...
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A growing number of nonprofit agencies are providing counseling to troubled subprime borrowers as mortgage servicers rely more on partnerships with third parties to help homeowners avoid foreclosure, according to a new report by the Office of the...
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Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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