Fannie Mae CEO Priscilla Almodovar was replaced on an interim basis by COO Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup
'We don’t just have a seat at the table,' Mortgage Bankers Association CEO Bob Broeksmit told members in Las Vegas. 'We’re near the head of the table — and we’re speaking loud and clear'
Equitable housing and climate change risk are out, deregulation and combating fraud are in. The strategic plan sheds little light on president's bid to spur homebuilders into action.
The 2.4% increase ahead of an official announcement in November surpasses more cautious 1.5% increases adopted last month by UWM, Pennymac, CrossCountry and Rate
Once Fannie Mae and Freddie Mac are ready to start accepting VantageScore 4.0, the algorithm will go head-to-head with the less inclusive FICO Classic score for conforming loans
James calls allegations over $109,600 mortgage baseless retribution and a 'continuation of the president’s desperate weaponization of our justice system'
The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say
If the US maintains tight control over the mortgage giants with 'implicit guarantee' of their obligations, rates might rise by 1/5 of a percentage point, Stanford researchers say
Lending industry groups and FHFA director Bill Pulte welcomed Fair Isaac's new direct license pricing as a useful first step, but said more reforms and competition are needed
The legal battle over the Fed's independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration's bid to fire Cook
The Trump administration has assured industry groups that a stable housing finance system and low mortgage rates are a 'North Star' in their plans, but Dems complain they've been shut out
The National Flood Insurance Program is set to lapse on Sept. 30, and federal agencies critical to processing mortgage paperwork like HUD, FHA, VA, USDA and the IRS face staff reductions
UWM and Pennymac are pricing jumbo loans of up to $819K as if they were conforming, ahead of an official announcement by Fannie and Freddie's federal regulator in November
Lower courts have ruled Cook can continue to serve on the central bank's board while she challenges the Trump administration's move to fire her over unproven mortgage allegations
Trump's move to fire Cook likely violated her right to due process, and 'for cause' provision for removal is limited to behavior in office, judge rules in granting preliminary injunction