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Freddie Mac Names New Director

The GSE adds Roy Swan, current Director of Mission Investments at the Ford Foundation, to its Board, bringing 30-plus years of experience in law, banking, corporate finance, public policy, and investment management to the role.

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CFPB Aims to Close Overdraft Loopholes

Overdraft fees—colloquially known as “junk fees” in most circles—cost Americans billions of dollars a year, but a proposed rule from the Consumer Financial Protection Bureau would close one avenue of racking up these charges.

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David H. Stevens: Mourning the Industry Veteran’s Unexpected Passing

"His steady hand, focus, and compassion helped guide an industry through a turbulent period," said Ed Delgado, Chairman Emeritus at Five Star Global. "His influence on promoting affordable housing and his longstanding commitment to protecting the dream of homeownership will have an impact on generations to come."

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Ginnie Mae Planning New Reverse MBS

Due to continued liquidity constraints in the reverse mortgage space, Ginnie Mae has begun exploring a new securitization product that would accept HECM loans with balances above 98% of FHA’s Maximum Claim Amount.

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HUD Announces $40M+ in Funding for Housing Counseling Agencies

The U.S. Department of Housing and Urban Development’s Office of Housing Counseling revealed that the millions in available grants will help expand housing counseling services and provide comprehensive financial literacy, homeownership, and affordable housing support to underserved communities.

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