In his first speech as president of the Minneapolis Fed, Neel Kashkari said that progress had been made toward ending too big to fail, but that the Dodd-Frank Act did not go far enough.
Read More »Mortgage Defaults: New Year, Same Old Rates
The default rate on first mortgages stayed flat in January following three consecutive months of increases. But how is consumer credit doing overall to kick off the new year?
Read More »Government Continues to Hold Firms, But Not Individuals, Accountable
Despite a memo issued by the Justice Department in September promising to seek prosecution of individuals for their role in the financial crisis, it has not happened in the last five months even after the announcement of three notable settlements with large financial firms.
Read More »Fairholme Demands the Government Turn Over Documents in GSE Profit Suit
Fairholme Funds, one of the GSEs' largest investors, is requesting that the government turn over documents that Fairholme says are being unlawfully withheld in regards to the sweep of GSE profits into Treasury.
Read More »New York Fed CEO: Economy and Homeowners Are in a Better Position than You Think
Not everyone thinks the economy is as bad off as doomsayers have been saying lately.
Read More »Using an Alternative Scoring Model to Expand the Credit Box
Currently, Fannie Mae and Freddie Mac consider only the FICO scoring model when making mortgage purchase decisions. How much of a difference would it make to the industry if they considered an alternative credit scoring model?
Read More »Tackling Title: Professionals are Well-Positioned to Face the Industry’s Challenges
Law firms have been experiencing an increase in regulatory requirements for several years. Now we see that increase in regulation on the title agency side as well. Editor's note: This select print feature originally appeared in the February 2016 edition of DS News magazine.
Read More »The Week Ahead: Waiting to See if Mortgage Default Rate Will Reverse Course
The default rate on first mortgages ticked up in each month from October through December. Will it continue to rise in January or will it do an about face?
Read More »Nobel Prize-Winning Economists Support Fed Reform Act
The Fed Oversight Reform and Modernization (FORM) Act passed with bipartisan support in the House in November over the protests of Fed Chair Janet Yellen.
Read More »Fannie Mae Shares More of the Risk with Private Investors
Through all of its risk transfer programs, Fannie Mae has transferred a portion of the risk on more than half a trillion dollars in single-family mortgages.
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