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Michael DeVito has been able to grow the government-sponsored enterprise's net worth, but at the current pace and without a rule change, it could take 10 years to build enough capital to exit conservatorship.
September 8 -
The government-sponsored enterprises have consistently earmarked some distressed loans for community, nonprofit and minority investors. Certain Democrats want more.
August 29 -
Industry executives coming off a tough year are wondering what the transition will cost and how many borrowers it'll bring in.
August 15 -
The agency's president, Alanna McCargo, called the nonbank liquidity issue "the biggest of our time," while speaking at the Bipartisan Policy Center Tuesday.
August 9 -
Product availability for July remained at levels last seen in 2013 as rates briefly broke above the 7% mark during the month, the Mortgage Bankers Association said.
August 8 -
The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.
August 7 -
But mortgage numbers remain historically very low and fall short of pre-pandemic levels, according to VantageScore's latest monthly report.
July 31 -
It's a toss-up between a recession or a soft landing, though some, including Fannie Mae's Doug Duncan, still believe a downturn is more likely than not.
July 21 -
For large banks, the agencies wanted to go above the global standards for residential mortgages, as well as some business loans, to avoid giving those lenders a competitive advantage over smaller peers, according to another person familiar with the proposal.
July 18 -
Churchill Funding is accusing Easy Financial of reneging on a master purchase agreement both companies signed in 2020.
July 6