13 March 2017

Freddie Mac prices largest whole loan securities deal to date

Freddie Mac announced its first whole loan securities deal of the year and its fifth since it began offering this risk sharing method in 2015. But this WLS, expected to close later this month, will be the company’s largest offering since the program’s inception. Source: Housing Wire News

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13 March 2017

Atlanta Fed selects former HUD assistant secretary Raphael Bostic as new president

The Federal Reserve Bank of Atlanta announced Monday it selected Raphael Bostic to serve as its new president and chief executive officer. Bostic brings significant housing experience to this position. From 2009 to 2012, Bostic served as assistant secretary for policy development and research at the Department of Housing and Urban Development. Source: Housing Wire […]

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13 March 2017

These 10 housing finance companies made Fortune's best places to work list

Fortune Magazine released its list of the best places to work, and 10 companies from the housing industry made that list. In fact, one company even took the No. 10 spot. Here’s what these companies have to say about their ranking, and how it compares to last year. Source: Housing Wire News

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13 March 2017

Monday Morning Cup of Coffee: Housing takes center stage at SXSW

“How do we make real estate sexy like South By Southwest is,” Sean Dobson, chairman and CEO of Amherst Holdings, joked at his company’s session at the renowned conference in Austin. The data and analytics company for the real estate industry is on an extremely short list of housing-affiliated companies attending the two-week conference, and […]

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10 March 2017

Judge rules DOJ can pursue FHA lending charges against Quicken Loans

A U.S. District judge ruled that the Department of Justice can pursue its charges against Quicken Loans over FHA lending violations. Don’t hold your breath on hearing the case play through though. The trial won’t begin until April 2019. Source: Housing Wire News

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10 March 2017

Trump aide, top Republican staffers, BlackRock exec among Mnuchin's top staff at Treasury

A former top aide to the campaign of President Donald Trump, two top Republican staffers, and a former executive at BlackRock will serve as the senior staff to Steven Mnuchin, the Department of the Treasury announced Friday. The four staffers will serve as key advisors on areas ranging from the federal budget, to tax reform, […]

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10 March 2017

President Trump promises to lift regulations for community banks

President Donald Trump held a listening session Thursday to hear from community banks about their struggles with regulations. He assured the bankers that a rollback in regulations is coming soon, and that community banks could soon hold a seat once again on the Federal Reserve Board. Source: Housing Wire News

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10 March 2017

Here’s how HUD’s possible $6B cut could affect housing

The U.S. Department of Housing and Urban Development recently announced a possible $6 billion budget cut. The budget cut isn’t final, however a new report from Trulia shows what effects the cuts could have on housing. Source: Housing Wire News

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10 March 2017

HUD sanctions Illinois' Alpine Bank & Trust over fair lending violations

The Department of Housing and Urban Development announced Friday that Alpine Bank & Trust is being sanctioned over fair lending violations. The charges stemmed from a complaint filed by the HOPE Fair Housing Center of Wheaton, Illinois, which filed a complaint with HUD claiming that the lender’s business service areas excluded majority African-American and Hispanic […]

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10 March 2017

New bill threatens CFPB's freedom as independent agency

The Consumer Financial Protection Bureau’s freedom as an independent agency to enact regulation could soon change due to a new bill working its way through Congress. This bill, “OIRA Insight, Reform, and Accountability Act,” has already made its way through the House and has moved onto the Senate Committee on Homeland Security and Governmental Affairs. […]

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10 March 2017

LendingHome rolls out online mortgage for first-time homebuyers

LendingHome, a marketplace lender and HousingWire 2017 Tech100 winner, announced its new one-stop online mortgage designed with the needs of first-time homebuyers in mind. Barely three years old, here’s the latest installment in the company’s growth. Source: Housing Wire News

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10 March 2017

Top trade organizations support barring use of Fannie, Freddie g-fees for federal spending

A consortium of the housing industry’s top trade organizations declared their collective support for an ongoing effort in Congress to permanently bar the use of funds raised from Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending in areas not related to mortgages. Here’s the skinny. Source: Housing Wire News

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