Mel Watt nomination means ‘status quo’ for the mortgage industry

 · The Fannie and Freddie Reform Logjam: A Step Toward a Grand Bargain. Fannie and Freddie would continue, with some level of affordable housing mandates-perhaps higher rather than lower given the recently-expressed preference of Federal Housing Finance Director Mel Watt, who oversees the mortgage giants, for less-strict mortgage underwriting guidelines.

Mel Watt Hannah Lang September 27, 2018 5 questions as lawmakers set to probe FHFA, GSE scandals As the House Financial Services Committee prepares to hold a hearing Thursday on oversight of the federal housing finance agency, the exact focus of the hearing remains somewhat in flux.

She will prosecute smaller firms, mostly but she supports the TBTF status quo. 2) Watt’s nomination _may_ be just a straw man that rewards his service to the industry and lets Republicans look tough, while easing the way for Obama’s next nominee – who will have years of industry experience. –

12:50 ET Subscribe to our weekly e-newsletter, Top News. Trump’s FHFA director will shrink Fannie/Freddie. The Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, is under new management this month.

The lobbying industry is preparing for anticipated backlash. by Secretary DeVos to revamp the student loan program, also oversee the confirmation process for President Trump's.. Mel Watt's term ends as Federal Housing Finance.. see Little's election as continuation of the status quo, we think he.

Wells Fargo will not join BofA in foreclosure suspension Despite slowdown, there’s still hope for housing starts “We have been seeing this in other housing indicators. With the slowdown, housing will. showed homebuilders in April were still downbeat about the sector’s near-term prospects. But there is a ray.Qualified mortgage rule may come in early January These mortgage-relief scammers look so legit Being aware of popular scams, reasons we fall for them and how we can avoid them in the. Phishing: Scammers use emails or phone calls posing as legitimate. Mortgage Relief: In the wake of the real estate market's collapse, scammers. your personal information private and stay aware of what scams might look like.Ability-to-Repay and Qualified Mortgage rule small entity compliance guide.. In May, July, and October 2013 and in October 2014, the bureau issued rules amending certain provisions of the January 2013 rule. In September 2015 and March 2016, the Bureau issued rules further amending the ATR/QM.All I want is for Wells Fargo Bank to stop the foreclosure, give me information on how much more is owed on the house, give me information on what I can do to make up the payments my mother missed while she was dying of cancer and give me information on what I can do to make sure this is the best loan I can get.

Analysis: Tough fight for Obama housing nominee may be win-win for White House. U.S. President Barack Obama announces Democratic Representative Mel Watt (L) as his nominee for director of the.

SEC filings reveal BlackRock’s substantial interest in housing New filings with the Securities and Exchange Commission show that BlackRock holds a substantial stake in at least seven of the biggest players in housing, including Trulia (TRLA), Fidelity . . .FHA plan to recapture once bankrupt borrowers gains fans Greater MSP: What About the Partners? – But the organization needs to improve how it tracks and measures its results-which, at press time, it says it was working on (as well as a three-year plan). “We truly are trying to be a partnership,

Mel Watt nomination means 'status quo' for the mortgage. – – The Trump administration will get a chance to replace FHFA Director Mel Watt, a Barack Obama appointee, in January when his term expires. "If we reach gridlock here, the status quo. Meghan Markle may not be entirely happy about her new title – or at least, what it means for her future children.

Santander Bank selling 14 Pennsylvania branches to First Commonwealth Bank Indiana-based First Commonwealth Bank has announced that it is purchasing 14 branches of Santander Bank in central Pennsylvania. First Commonwealth, which also has been in growth mode in Ohio.

The FHFA director has long been a proponent of privatizing the two firms, which could mean they compete with other market participants on a more level playing field. “There’s been a lot of people thinking that if Congress doesn’t act, then this comfortable status quo continues in perpetuity, and that’s a mistake,” Petrou said in an interview.

Calling All Cars: Invitation to Murder / Bank Bandits and Bullets / Burglar Charges Collect Fannie and Freddie face a new threat – – If a bailout-weary public sees Fannie and Freddie getting a new round of government help, "the political status quo won’t hold anymore," said Jim Parrott, a housing scholar at the nonprofit Urban.