Legislation Would Boost Private Label RMBS Issuance
Legislation that would eliminate the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. could be a boon for non-agency issuance.
New Foreclosure Law in Maine
The governor of Maine has signed into law legislation that promises to improve the foreclosure process in the state.
Danish Secondary Model Offers Alternative
An alternative to the mortgage finance overhaul proposals currently being discussed in Congress is the Danish mortgage banking model.
Anti-Crapo Ads Aimed at Protecting GSE Shareholders
Negative advertisements targeting senators who support potential legislation to overhaul U.S. mortgage finance are designed to protect the interests of government-sponsored enterprise shareholders.
Study Suggests Elimination of GSEs Could Push Up Rates
A recent study suggests that housing finance reform could have a significant impact on mortgage rates. But even factoring in such increases, mortgage rates would still be lower than they've been for most of the past five decades.
Residential Rental Investors Form Trade Group
Several firms that have purchased billions of dollars in non-owner occupied homes have banded together to form a trade group in the nation's capitol.
DeMarco Resigning from FHFA
The person that oversaw the government-sponsored enterprises' transformation from businesses with nearly $100 billion in combined annual losses to companies that earned more than $100 billion is officially resigning.
Flood Bill Now Law
Homeowners who live in areas prone to flooding will continue to have the government subsidize their insurance premiums thanks to legislation that has become law.
Details About Housing Finance Overhaul Emerge
Details have emerged from the Senate about a proposed overhaul of U.S. housing finance. Among other things, the proposed legislation includes servicer regulation and a provision for refinancing negative-equity properties in a bad housing market.
Senate Passes Flood Legislation
The real estate industry has successfully lobbied both houses of Congress on putting off increases in flood insurance premiums.