In what may prove to be a controversial move, the Federal Housing Financing Agency has directed Fannie Mae and Freddie Mac to alter their policies on the sale of some 121,000 foreclosed properties in their portfolios. But just how many ...Read More »
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Federal Housing Finance Agency Director and former Charlotte area U.S. Rep. Mel Watt will be a featured panelist at the 2014 American Mortgage Conference in Raleigh from Sept. 8-10 at the Crabtree Marriott, according to a North Carolina Bankers Association ...Read More »
In his first remarks since taking office as director of the Federal Housing Financing Agency, former Charlotte congressman Mel Watt indicated a shift in policy that may make more loan money available to borrowers. As the regulator in charge of ...Read More »
A third of the nation’s U.S. senators have sent a letter to Mel Watt, the new head of the Federal Housing Finance Agency and a former U.S. congressman from Charlotte, asking him to use funds from Fannie Mae and Freddie ...
Tagged with: affordable housing for low-income families Barbara Boxer Capital Magnet Fund Fannie Mae Federal Housing Finance Agency Freddie Mac Harvard Joint Center for Housing Studies Mel Watt NAtional Housing Trust FundRead More »
Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...
Tagged with: American BAnkers Association Bank of America Consumer Federation of America Consumer Financial Protection Bureau Dodd-Frank Wall Street Reform and Consumer Protection Act Elizabeth Eurgubian Fannie Mae Freddie Mac Independent Community Bankers of America Mel Watt Richard Cordray Terry FranciscoRead More »
It was a bit like “Animal House,” except everyone worked on Capitol Hill and toga parties were no longer in fashion. Charlotte native Walter Price and five of his buddies, all recent Davidson College graduates, were renting a big house ...Read More »