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Tag Archives: Redwood Trust

Former Fannie Mae Exec Joins Redwood Trust

Real estate investment trust Redwood Trust, Inc., announced the addition of former Fannie Mae executive Karen R. Pallotta to the company's board of directors.

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Industry Calls for Less GSE Action, More Investor Protection

At a congressional hearing Wednesday, witnesses voiced concerns about the government's participation in the mortgage market as well as the lack of transparency between servicers and investors. One analyst described the U.S. housing finance system, where the GSEs account for over 90 percent of new mortgages, as ""problematic."" Others said government is crowding out the private market with programs that make below-market-rate loans available to nearly all borrowers, and they advocated for the expiration of increased conforming loan limits.

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