Federal Housing Finance Agency

Federal Housing Finance Agency Considering Alternative To FICO

Federal Housing Finance Agency Says It Wants An Alternative To the FICO Credit Scoring System Federal Housing Finance Agency Director Mel Watt is looking at an alternative to the FICO credit scoring system. Yet, he told the Mortgage Bankers Association not to hold their breath waiting for Fannie Mae and Freddie Mac.  Watt said that the Federal Housing Finance Agency is seriously […]

Struggling Homeowners Are Shouldering The Responsibility Of U.S. Deficit

No Fannie/Freddie Mortgage Write-Downs For Struggling Homeowners Means More Cash For Uncle Sam   Since the housing crisis began in 2007, the major banks and the major servicers have paid nearly $130 Billion in fines and court settlements to settle mortgage fraud issues with Fannie Mae and Freddie Mac. These settlements have brought Fannie Mae […]

Massachusetts AG Coakley Threatens To Bitchslap FHFA With Lawsuit

GSEs in violation of law designed to keep homeowners in homes Ben Lane, Housing Wire Less than one month into the job, and just one day after his first extensive public comments, Federal Housing Finance Agency Director Mel Watt has a serious problem in the form of Massachusetts Attorney General Martha Coakley. Coakley directed a letter to Watt […]

Hasta La Vista, Eddie Baby! Senate Confirms Watt As FHFA Director

U.S. Senate confirms Mel Watt as next FHFA director Kerri Ann Panchuk, Housing Wire It’s official: Congressman Mel Watt, D-N.C., will lead the Federal Housing Finance Agency after the U.S. Senate confirmed his nomination Tuesday afternoon. Senators confirmed Watt as Ed DeMarco’s replacement, with a majority of the chamber’s legislators voting in Watt’s favor. The congressman easily […]

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