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

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Mel Watt nomination means ‘status quo’ for the mortgage industry. Treasury Secretary Jack Lew and HUD Director Shaun donovan released statements after Rep. Mel Watt was confirmed as the next.

Decades of big government policies, petty politics, impossible-to-meet pension promises, chronic mismanagement and broken services, combined with a massive loss of jobs and competitiveness in the auto.

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The study said that despite the recent controversies over diversity in Hollywood and equal pay, women are still grossly underrepresented’ in the industry. it’s another year where the status quo.

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FHA to increase mortgage insurance premiums one quarter of one point Under the Obama administration plan, the FHA would have cut the annual mortgage insurance premiums for most borrowers by one-quarter of a percentage point, or 25 basis points.

 · Proponents of GSE reform say the status quo isn’t working for investors, who they say assume all the risk with the loans purchased by Fannie Mae.

Chicago considers eminent domain to seize underwater mortgages Earlier this summer, San Bernadino County, an area east of los angeles hit hard by the mortgage crisis, considered a plan that. have the county purchase so-called underwater loans at market value.

Senate Confirms Mel Watt to Head FHFA. The Senate on Dec. 10 confirmed the nomination of Mel Watt to lead the Federal Housing Finance Agency, HousingWIre reported. Rep. Watt, D-N.C., will replace Ed DeMarco, who has served as acting director of the FHFA since the government-sponsored enterprises entered conservatorship in 2008.

 · Mel Watt as FHFA director means more of the same for the housing industry, and you can forget comprehensive Fannie and Freddie reforms, market analysts say.

Mel Watt nomination means ‘status quo’ for the mortgage industry What Calabria at FHFA would mean for GSE reform – In contrast to current Federal housing finance agency Director Mel Watt, Calabria – now the chief economist for Vice President Mike Pence – has often expressed skepticism about Fannie and Freddie’s.Monday Morning Cup of.