Author name: Ricky Vasquez

Key insight: Republicans and Democrats alike touted the ability of credit risk transfers to spread risk around the financial system during a hearing Wednesday, with lawmakers especially supporting the tool’s utility in housing finance and for Fannie Mae and Freddie Mac.  Forward look: No specific legislation was under consideration during the hearing, but lawmakers’ discussions […]

U.S. homeowners are sitting on more than $11 trillion in tappable home equity, and the mortgage industry is racing to capture it. Processing Content With interest rates providing little incentive for many homeowners to refinance or relocate, lenders and technology firms are pouring resources into home equity lines of credit, a product long dominated by

Federal regulators announced today that they are taking steps to spur competition and legislatively mandated modernization in credit scoring. Processing Content Freddie Mac has already tested $10 million in loan sales involving use of VantageScore 4.0 and Fannie Mae also now is offering to buy loans on this basis, according to Bill Pulte, head of