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Rep. Waters Calls for Nationwide Foreclosure Suspension and Investigation of...
Concerned about reports of misconduct at some of the nation’s largest mortgage servicing companies, California Rep. Maxine Waters (D-CA) called for a moratorium on foreclosures while the appropriate...
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Obama Appoints Former CSBS Head Smith to Lead FHFA
President Barack Obama will nominate Joseph A. Smith Jr., North Carolina Commissioner of Banks, as the new Director of the Federal Housing Finance Agency (FHFA). If approved, Smith will replace current...
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Texas Rep. Neugebauer: Who's Paying for GSE Legal Fees and Robo-Signing Defenses
Texas Rep. Randy Neugebauer, Deputy Ranking Member of the House Financial Services Committee, has written a letter to Federal Housing Finance Agency (FHFA) Acting Director Edward DeMarco requesting a...
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Rep. Waters Raises Questions About Banks $3.3 Billion Settlement
Rep. Maxine Waters (D-CA) and several of her colleagues on the House Financial Services Committee—Reps. Brad Miller (D-NC), Keith Ellison (D-MN) and Stephen Lynch (D-MA)—have written to the director of...
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Coalition of U.S. Senators Push Obama Administration to Clear Refi Hurdles
A coalition of United States Senators from both sides of the aisle, led by Barbara Boxer (D-CA), Johnny Isakson (R-GA) and Robert Menendez (D-NJ), have joined 13 of their colleagues in urging the Obama...
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Bipartisan Group of U.S. Senators Continues to Push Great Accessibility of...
United States Senators Barbara Boxer (D-CA) and Johnny Isakson (R-GA) joined eight of their colleagues in urging the Obama Administration to ensure that the greatest number of borrowers possible are...
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Watchdog Group Calls for Investigation Into BofA-Fannie Mae $3.5 Billion...
Watchdog group Public Citizen has stated in a letter to Federal Housing Finance Agency (FHFA) Inspector General Steve A. Linick that the settlement agreement between Fannie Mae and Bank of America...
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Nine AGs Demand FHFA Stability in Letter to Congress
New York Attorney General Eric T. Schneiderman has joined Massachusetts Attorney General Martha Coakley in leading a nine-state coalition demanding new, permanent leadership at the Federal Housing and...
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NY and MA Attorneys General Call for New FHFA Head
New York State Attorney General Eric T. Schneiderman published an op-ed in Politico calling on President Obama to replace Edward DeMarco, the acting Director of the Federal Housing Finance Agency...
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FHFA's Streamlined Modification Initiative Results in Mass Layoffs
In the wake of the FHA simplifying the loan modification process, over 20,000 JPMorgan Chase employees are in the process of being laid off.Click to continue
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FHFA Proposes Raising G-Fees
Guarantee Fees are defined as fees charged by mortgage-backed securities (MBS) providers, much like Fannie Mae and Freddie Mac (along with other GSEs) for bundles, servicing and selling to investors....
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Former FHFA Head DeMarco Targeted by Disgruntled Ex-COO
Last week, Federal Housing Finance Agency (FHFA) Chief Operating Officer Richard Hornsby reportedly threatened to shoot the Agency’s former top official, Edward DeMarco. According to Bloomberg, the...
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