It's dog eat dog in the ranks of the FHFA and Fannie Mae & Freddie Mac. The question is, does anyone care, or is anyone surprised? We want to follow the law, right? Everyone knows that the Trump Administration fired the Inspector General and Fannie’s ethics staff . Now the Wall Street Journal reports that, “Fannie Mae Watchdogs Probed How Pulte Obtained Mortgage Records of Key Democrats… FHFA’s acting inspector general handed probe report to U.S. attorney office that had indi
As the central states brace for a cold snap, I received a note from a mortgage broker in Florida. “Rob, don’t politicians understand that housing ‘affordability’ problems aren’t only the result of rates and prices that are set by the markets? Owners are hit by taxes and insurance increases. What about condo fees and special assessments? What about city and county fees? Loan level price adjustments are determined by historical performance. Extending the maturity of a mortgage
“6-7!” has swept the nation for youngsters of indeterminant age, and for no real reason. Other numbers have meaning, as do dates. For example, today is November 10 th and on this day in 1975, the freighter S.S. Edmund Fitzgerald sank in Lake Superior during a massive storm, killing all 29 of the crew. (Gordon Lightfoot memorialized the tragedy in a hit song the following year.) What’s in a number? Today, let’s look at “50” or “100.” Through some social media software, the p
