One housing advocacy group has defended the HUD Secretary against recent criticisms that he is not qualified to be vice president of the United States. At the same time, however, the group said HUD could stand to make some changes.
Read More »Finally, a Bank that Increased Profits in Q1
While most of the nation’s largest banks and investment banking firms have struggled to exceed last year's Q1 profits in the first quarter this year, one bank finally managed to pull it off.
Read More »GSEs Further Lighten the Load for Taxpayers
How much credit risk did Fannie Mae and Freddie Mac offload with their respective transactions announced this week?
Read More »Housing Outlook Stays Bright as Economic Forecast Darkens
Why is the housing market expected to have such a solid year when the estimates for Q1 economic growth are being downwardly revised? Freddie Mac has the answer.
Read More »Delinquencies Plummet to Pre-2000 Level
The fact that mortgage delinquencies are declining steadily for a few years now has been no secret. But just how low are they getting?
Read More »Castro Calls Out Trump for ‘Prejudice’
The HUD Secretary criticized the likely Republican presidential nominee for suggesting policy that Castro called "laughable" and "wrong-headed."
Read More »Is Securitization All It’s Cracked Up To Be?
Mark Calabria of the Cato Institute lays out his plan for repairing the broken mortgage finance system in an essay published by the Urban Institute.
Read More »The Rocky Road for Non-Bank Servicers
Out of the three largest non-bank mortgage servicers rated by Moody's, Nationstar Mortgage did something in 2015 that the other two, Ocwen Financial and Walter Investment Management, were not able to do. What did Nationstar do?
Read More »U.S. Bancorp Escapes Most Banks’ Q1 Fate
Most banks and other financial firms reported dismal first quarters compared to a year ago. U.S. Bancorp was different, however.
Read More »Credit Unions’ RMBS Recoveries Reach Milestone
NCUA Chairman Debbie Matz said that credit unions “are benefiting from an aggressive litigation strategy NCUA continues to follow in order to hold responsible parties accountable.”
Read More »