As most observers expected, the Treasury reform plan leaves most of the important details for Congress or the Federal Housing Finance Agency to figure out.
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Treasury Secretary Steven Mnuchin shed some light on how renegotiating the preferred stock purchase agreements by the Treasury and the Federal Housing Finance Agency might impact plans to recapitalize Fannie Mae and Freddie Mac.
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Lenders reported a sharp increase in new home-equity lending in the second quarter, but the supply of home-equity debt outstanding continued to fall.
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Recently released data from the Home Mortgage Disclosure Act included 28 new fields, such as business-purpose lending, interest-only features and credit score models.
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The government-sponsored enterprises’ shareholders are hoping the Fifth Circuit’s decision holding the FHFA structure unconstitutional means the so-called net worth sweep may be invalidated.
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Closed-end home-equity lending is expected to increase this year but the rise won't be enough to offset the likely decline in HELOC production.
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The department has proposed implementing a “homebuyer sustainability scorecard” to measure the performance of loans to low- and moderate-income homebuyers and first-time homebuyers.
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The CFPB released three policies this week to help lenders test innovative products. The bureau is also making joint efforts with at least seven state attorneys general to help improve coordination among regulators.
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