Consider yourself a scholar of the latest mortgage servicing litigation and Fannie Mae announcements? In this week's National Mortgage News quiz, test your knowledge on articles covering a new CEO, an FDIC settlement, and more!
A bill being introduced by Sen. Catherine Cortez Masto, D-Nev., would compel the Federal Home Loan Bank System to contribute 30%, or a minimum of $200 million, of each bank's net earnings into affordable housing or other community development programs.
A version of the Neighborhood Homes Investment Act has been introduced in three prior sessions of Congress, but has never made it through the process.
The Consumer Financial Protection Bureau had accused the Dallas bank of "deliberately disconnecting 24 million customer service calls" among other "unfair" acts. But the motion to dismiss allows the CFPB to refile the case again.
The Federal Housing Finance Agency ended comments on expanded suspended counterparties list criteria in December and has done nothing with it since.
The notes will get credit enhancement from balances on the subordinate bonds, which are permitted to amortize.
Fairway promotes top producer to national leadership role, NMB adds industry veteran to head sales and operations and Finance of America grows C-suite.
