The Federal Reserve Explains The New Foreclosure Review Process
WORD ON THE STREET: The enforcement actions that the Federal Reserve Board issued in April 2011 against 10 banking organizations require servicers to...
Getting A Handle On Complex Financial Institutions
WORD ON THE STREET: There is no single issue more important to the stability of our financial system than the regulatory regime applicable...
The MBA Considers The Private Mortgage Market Investment Act
WORD ON THE STREET: The purpose of the proposed Private Mortgage Market Investment Act (PMMIA), as set forth in the draft bill, is...
The Challenges Of Implementing The Dodd-Frank Act
WORD ON THE STREET: The implementation of the Dodd-Frank Act has been, and continues to be, a formidable task. At the Federal Reserve,...
The Danger Posed By The Too-Big-To-Fails
WORD ON THE STREET: Just as health authorities in the U.S. are waging a campaign against the plague of obesity, banking regulators must...
Ensuring Accountability And Transparency In Foreclosure Appeals
WORD ON THE STREET: We are all painfully aware that home prices declined precipitously from their peak in 2006 and 2007, resulting in...
Four Common Misconceptions About The Federal Reserve
WORD ON THE STREET: As you know, ever since the financial crisis began, the Federal Reserve has been lauded by some and criticized...
The Case For Fully Privatized Mortgage Markets
WORD ON THE STREET: The U.S. is the only country with mortgage intermediaries of the form of Fannie Mae and Freddie Mac, two...
Manufactured Housing Continues To Face Financing Obstacles
WORD ON THE STREET: Today, there is no better example of a redlined community than the local manufactured-housing park. Inside most parks, there...
Managing Risk To The FHA’s Insurance Fund
WORD ON THE STREET: While the Federal Housing Administration's (FHA) Mutual Mortgage Insurance (MMI) Fund has remained positive, we are keenly aware of...
Why We Need To Raise GSE Lending Limits
WORD ON THE STREET: Our nation is in the midst of the worst housing crisis in its history. Over the past four years,...
Ed DeMarco Offers Insight Into The Future Of Housing Finance
WORD ON THE STREET: The decision to place the government-sponsored enterprises (GSEs) into conservatorship proved to be appropriate, accomplishing the federal government's primary...
Occupy Wall Street Gets It Half Right
WORD ON THE STREET: I am responding to a number of communications I received about the group that began as 'Occupy Wall Street'...
The CFPB, 100 Days In
WORD ON THE STREET: One of the Consumer Financial Protection Bureau's (CFPB) primary objectives is to bring clarity to the marketplace by promoting...
MBA’s Stevens On The Industry’s Near-Term Future
WORD ON THE STREET: The Mortgage Bankers Association (MBA) and its members strongly believe that housing will be a key factor in our...
Addressing The Glut Of Foreclosed Properties
WORD ON THE STREET: I would like to make three points about the housing market and how to address foreclosures. First, do not...
Solving The Supply-Demand Imbalance
WORD ON THE STREET: As we sit here today in the sixth year of the worst housing crash since the Great Depression, many...
New Ideas For Refinancing And Restructuring Mortgages
WORD ON THE STREET: I began my career in residential real estate in 1967 as a real estate agent specializing in Federal Housing...
Evaluating The Nation’s REO Options
WORD ON THE STREET: An estimated 1 million or more properties will likely pass through real estate owned (REO) inventory in 2011, with...
Deleveraging In Today’s Economy
WORD ON THE STREET: The country is in the ninth quarter of a disappointing and frustrating recovery. We at the Fed were hopeful...