When asked what an average day is like for her, Tracy Stephan, Director of Enterprise Innovation for Fannie Mae, laughs and replies, “I think we don't have any average days in Innovation.” As head of Fannie’s Enterprise Innovation Team, Stephan ...
Read More »Congress Passes Stopgap Spending Bill to End Government Shutdown
6:24 p.m. CST The House has voted and approved stopgap spending bill to fund the government through February 8. The measure now heads to President Trump's desk for final sign-off. __________________________________ 4:08 p.m. CST Several hours after voting to end debate on ...
Read More »The Week Ahead: Gauging the Economy With the Chicago Fed
On Monday at 8:30 a.m. EST, the Chicago Fed will release its National Activity Index, a monthly index tracking inflation and overall economic activity. The Chicago Fed National Activity Index (CFNAI) is a weighted average tracking 85 different monthly economic ...
Read More »Ginnie Mae and Other Mortgage Leaders React to Government Shutdown
As companies brace themselves for what a prolonged shutdown could mean, Ginnie Mae announced on Sunday that its operations will continue despite the shutdown
Read More »Wells Fargo’s Chief Risk Officer Mike Loughlin to Retire
Wells Fargo & Company announced that Senior EVP Mike Loughlin will retire as the company’s Chief Risk Officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through the ...
Read More »The Road Ahead for Mortgage & Housing
Greg McBride is the SVP and Chief Financial Analyst for Bankrate.com, with over two decades' worth of experience in personal finance. A regular staple the cable news scene, McBride regularly provides insights on the financial landscape to networks such as CNN, CNBC, and Fox ...
Read More »Distributing Insurance Funds After a Natural Disaster
Editor's note: This story was originally featured in the January issue of DS News, out now. One of the biggest mortgage servicing issues facing lenders in Texas, Florida, California, and other states that have suffered from declared disasters relates to insurance claims ...
Read More »Total FHFA Prevention Actions Edge Close to 4 Million
Collectively, Fannie Mae and Freddie Mac sealed 18,034 foreclosure prevention actions back in October, bringing the combined total to 3,990,723 since the GSE conservatorships launched in September 2008, so says the Federal Housing Finance Agency’s (FHFA) October 2017 Foreclosure Prevention Report. By ...
Read More »How Will a Government Shutdown Affect the Mortgage Industry?
The mortgage industry is likely to see some immediate and far-reaching effects if the Senate does not reach enough votes to extend the Federal Budget to February 16.
Read More »Mulvaney Requests Zero Funding for CFPB in Q2
The Acting Director of CFPB has told the Federal Reserve that the agency does not need new funds to operate in Q2. Find out why here...
Read More »