On March 6, President Obama announced two steps to support homeowners: (i) the nation’s five largest servicers have agreed to provide relief for servicemembers and veterans, including those wrongfully foreclosed upon or denied a lower interest rate on their mortgages and (ii) a reduction of fees for FHA borrowers looking to refinance under the Streamline Refinance Program. Fact Sheet.
Housing Finance
FDIC and Fed Symposium on Mortgages and Housing Finance
The FDIC and the Fed announced that they will host a two-day symposium on October 25 – 26 on mortgages and the future of housing finance. FDIC Release. Conference Agenda. Webcast.
House Committee Hearing on GSE Reform
On September 29, the House Financial Services Committee held a hearing on the future of housing finance. Participants testified regarding proposals to address the market structure and transition for the GSEs. HFS Testimony and Archived Webcast. Hearing Webcast.