OMB Director Russell Vought put accusations that Fed Chair Jerome Powell lied to Congress about a $2.5 billion renovation of the Fed’s headquarters in writing Thursday. Continue reading
Hopes that home sales will pick up may hinge more on additional inventory coming onto the market, which is expected to cool or reverse home price gains. Continue reading
Common Securitization Solutions (CSS) has rebranded as U.S. Fin Tech and will look to provide technology and business solutions to companies in addition to its owners. Continue reading
Overseas investors hold about $1.36 trillion in U.S. mortgage debt, with Japan, China, Taiwan and Canada accounting for 61 percent of that total. Continue reading
Lawmakers want assurances that privatizing the mortgage giants or taking them public won’t drive mortgage rates up, and put investor profits “over the homes of millions of Americans.” Continue reading
Shares in mortgage giants tumble as investors weigh whether the Trump administration is more interested in mining Fannie and Freddie’s profits than privatizing them. Continue reading
Promise that the government will maintain “implicit guarantees” of the companies’ obligations suggests that what Trump has in mind is monetization, not privatization. Continue reading
Head of mortgage giants’ federal regulator, Bill Pulte, has made fraud an issue after leveling accusations against Trump opponent Letitia James. Continue reading
President says he’s giving “very serious consideration” to bringing companies public, and investors are hoping that whatever plan emerges will generate a windfall for them. Continue reading
Long-term agreement with ICE Mortgage Technology will help nation’s largest mortgage lender bring $242 billion loan servicing portfolio in-house to boost repeat business and referrals. Continue reading