by Ted Durant, MBA | Jun 28, 2016 |
The US housing finance system remains unchanged since 2008, when the Federal Housing Finance Authority (FHFA) placed Fannie Mae and Freddie Mac (the GSEs) into conservatorship. As a result, the GSEs continue to present a significant risk exposure to the taxpayers....
by Ted Durant, MBA | Sep 23, 2015 |
Another puff of black smoke has come forth from the chimney of the Federal Reserve. If you’re scratching your head, asking “why all the fuss?” you are forgiven. Should we in the mortgage industry be so obsessed about interest rate targets set by the Federal Reserve?...
by Ted Durant, MBA | May 21, 2015 |
The mortgage crisis that began in 2007 produced home price declines worse than those seen during the Great Depression. Such severe national market conditions truly tested the mortgage insurance industry’s worth as a critical source of private capital in the...
by Ted Durant, MBA | Nov 19, 2014 |
At the annual MBA convention in Las Vegas last month, HUD Secretary Julian Castro said, “My team is also working to help more Veterans buy a home. The VA program limits its loan guarantee to a maximum of 25%. This leaves a lot of small lenders awfully exposed...
by Ted Durant, MBA | Sep 25, 2014 |
Gazing out at the large crowd at the Bipartisan Policy Center’s Housing Summit last week, one speaker noted, “I didn’t know there were this many bipartisans in Washington.” Judging by the response to various partisan policy recommendations, though, there were plenty...