Housing starts fall 5.8%, disappointing analyst estimates Housing Starts Privatelyowned housing starts in March were at a seasonally adjusted annual rate of 1,139,000. This is 0.3 percent (14.6 percent)* below the revised February estimate of 1,142,000 and is 14.2 percent (8.8 percent) below the March 2018 rate of 1,327,000.Ocwen unveils new principal reduction program PDF Fact Sheet: Principal Reduction Modification – FACT SHEET: PRINCIPAL REDUCTION MODIFICATION. BACKGROUND . The Federal Housing Finance Agency (FHFA) undertook an extensive evaluation to determine whether to implement a Principal Reduction Modification program for seriously delinquent, underwater borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac (the Enterprises).
The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector.CFPB’s jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States.
Johnson has served as acting deputy director since July 2018 and was named a principal policy director in April. He was hired in 2017 as a senior adviser by former acting CFPB Director Mick Mulvaney, who stocked the agency with political staffers with close ties to former house financial services committee Chairman Jeb Hensarling, R-Tex.
FHA raises mortgage insurance, for life of loan In a bid to shore up its reserves, FHA has planned to increase the mortgage insurance premiums it collects. According to the newly issued guidelines by FHA which come into effect from June 03, 2013, annual mortgage insurance must be paid for the life of the loan on all new FHA-insured mortgages that exceed a Loan-to-Value (LTV) of 90% at the.
Before taking on the role of deputy director of the CFPB, Leandra English had been serving as the agency’s chief of staff. Ms. English has served in number of senior leadership roles at the CFPB, including deputy chief operating officer, acting chief of staff, and deputy chief of staff.
Personnel Is Policy: Succession Possibilities At The CFPB – The Consumer Financial Protection Bureau is headed by a single director, which means the replacement of one person with another can have. the president can bypass Acting Deputy Director Silberman.
CFPB Names New Acting Deputy Director – Reverse Mortgage. – · The Consumer Financial Protection Bureau (CFPB) has named a new Acting Deputy Director, following the announced resignation of Steven Antonakes last week. Meredith Fuchs will serve as the Acting Deputy Director at the agency after Antonakes departs at the end of July, the CFPB announced wednesday afternoon. earlier this month, Fuchs announced her intention to [.]
No. The law is clear, and Mr. Mulvaney is the sole acting director of the CFPB. The Dodd-Frank Act did specifically create the office of deputy director. And the statute states (in Section 1011(b)(5)) that the deputy director "shall- (A) be appointed by the Director; and (B) serve as acting Director in the absence or unavailability of the.
· Meredith Fuchs to fill role. The CFPB named Steve Antonakes as deputy director back in September 2013, and since then, he has made a name in the industry for his sometimes shocking speeches. In response to Antonakes stepping down, cfpb director richard cordray, said, “Steve has been an enormous asset to the Bureau,
Richard Hunt, the president and CEO of the Consumer Bankers Association, questioned why Cordray waited until the last minute to name a new deputy director. he created another one Tuesday describing.