Wednesday , 27 January 2021

DS News

DS News

DS News Webcast: Friday 5/8/2015

By Jordan Funderburk Fannie Mae reported a net income of $1.9 billion dollars for the first quarter of 2015, up from $1.3 billion from the previous quarter, according to Fannie Mae’s Q1 2015 financial results released Thursday. The primary driver of the nearly 50 percent quarter-over-quarter increase in net income was lower fair value losses for Q1, which totaled $1.9 …

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Fannie Mae Reports Net Income of $1.9 Billion for Q1

By Brian Honea Fannie Mae’s comprehensive income for Q1 was reported at $1.8 billion, up from $1.3 billion in Q4. The Enterprise reported a net worth of $3.6 billion as of the end of Q1, which will result in a payment of $1.8 billion to the Department of Treasury in June per the terms of a 2012 amendment to the …

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House Subcommittee to Hold ‘Dodd-Frank Act and Regulatory Overreach’ Hearing

By Brian Honea The Oversight and Investigations Subcommittee will convene on that day to discuss the controversial piece of legislature, which was enacted in 2010 in response to the financial crisis. The Chairman of the Oversight and Investigations Subcommittee, Representative Sean Duffy (R-Wisconsin), has been an outspoken critic of Dodd-Frank. The post House Subcommittee to Hold ‘Dodd-Frank Act and Regulatory …

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Former FDIC Chair Chosen as President of Private Maryland College

By Brian Honea Former Federal Deposit Insurance Corp. chair Sheila Bair has been announced as the new president of Washington College, a private liberal arts school in Maryland, according to an announcement from Washington College. Bair will be the 28th president overall and first female president of historic Washington College, which was founded in 1782. The post Former FDIC Chair …

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Regulatory Changes, Reputational Risk, Economics Are Factors in Shift to Non-Bank Servicing

By Brian Honea Reputational risk “remains high with regard to any and all foreclosures,” Schwartz said. The crisis gave regulators the ammunition they needed to create loan servicing-specific legislation and policies, which resulted in the straining of the execution of collection and default services for many servicers, whereas those practices had worked well for them prior to the crisis. The …

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