Tag Archives: Housing Finance Agency

Rising Rates Scare Borrowers Into Action

Roughly 10 million refinances took place over the past two years, although that may include borrowers who have refinanced more than once, according to Inside Mortgage Finance. From mid-2011 to mid-2012, rates dropped by 100 basis points, making it worthwhile … Continue reading

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Regulator Claims New Rules Will Loosen Mortgage Lending

Ask any real estate agent, home builder or home buyer what is the biggest barrier to entry in today’s housing market, and the likely answer will be: tight credit. The lax lending of the latest housing crash is no more, … Continue reading

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Obama Gets Big ‘No’ On Slashing Mortgage Debt

Despite strong pressure from the Obama administration, a federal regulator will not allow Fannie Mae and Freddie Mac to reduce mortgage principal. The Federal Housing Finance Agency’s Ed DeMarco has previously opposed the program, which uses taxpayer money to pay … Continue reading

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Wells Fargo Bankers Toting Guns Aim at 40% of Market: Mortgages

In mid-January, sales managers in Wells Fargo Co. (WFC)’s mortgage unit, the largest in the U.S., gathered at a hotel south of San Francisco dressed as cowboys, six shooters strapped to their hips. The invitation said “40% or BUST!!” The … Continue reading

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