Now that there is clarity around the structure of the FHFA, and as the president considers installing a new permanent director, an opportunity arises for the next evolution in housing finance policy. But success for either Acting Director Sandra Thompson — who, by all accounts, will bring a steady hand — and whomever comes next, will rely on steady leadership and a willingness to learn from dynamics of the past.
In his latest opinion piece, published by HousingWire on July 19, SFA CEO Michael Bright offers his thoughts for the next Federal Housing Finance Agency (FHFA) director. In it he highlights, “Over the last decade plus, the FHFA has had some clear successes, some clear failures, and plenty in between.
On July 16, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will eliminate the controversial 50-basis point adverse refinance fee as of August 1 to help families reduce their housing costs
The housing market over the course of the past year has been dominated by sellers amid strong demand and record low home inventory. However, Redfin reports new listings of homes jumped 4% in the four-week period ending July 4 compared with the same period one year ago.
CoreLogic’s latest Home Price Index (HPI) report for May 2021 shows that home prices are continuing to trend upwards. Findings reflect that many millennial home buyers are still entering the competitive market given low mortgage rates, but high prices are likely deterring increasing numbers of prospective buyers - especially first-time and low-income families.
In a letter to leaders of the Senate Banking Committee, SFA expresses strong support of the nomination of Julia Gordon to serve as commissioner of the Federal Housing Administration (FHA), calling her “eminently qualified” for the position.
The Structured Finance Association (SFA) released the following statement after the Consumer Financial Protection Bureau (CFPB) abandoned plans to ban mortgage servicers from pursuing foreclosures through the end of the year.
On June 28, the Consumer Financial Protection Bureau (CFPB) finalized a new rule that requires loan servicers to establish three main safeguards to protect borrowers against avoidable foreclosure.
On June 25, Ginnie Mae announced the creation of a new pool type to support the securitization of modified loans with terms of up to 40 years. Ginnie expects the new pools to be ready for use by October, but their extended term modifications must still be authorized by the Federal Housing Administration.
The Structured Finance Association (SFA), the leading trade group for the securitization industry, today released the following statement after President Joe Biden nominated Julia Gordon to lead the Federal Housing Administration.
