Mortgages

In his first public policy speech as director of the Federal Housing Finance Agency, Mark Calabria stressed that Fannie Mae and Freddie Mac will have to raise significant capital via a public offering and take other steps in order to escape government control.

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

Two senators, a Republican and a Democrat, have revived legislation that would prohibit Congress from using certain fees collected by Fannie Mae and Freddie Mac to offset unrelated government spending.

It’s no coincidence that with more than half of consumers ages 20 to 29 now holding credit cards — up from 41% in 2012 — 90-day delinquency rates are at a seven-year high, according to the New York Fed.

The bank plans rollout of a global cash management business; the lead Democrat on the Senate Banking Committee “not optimistic” about privatization.

On Dec. 31, 2018. Dollars in thousands.

New legislation in Iowa that allows banks and credit unions to use electronic notaries could help local lenders compete with online competitors.

On Dec. 31, 2018. Dollars in thousands.

The Federal Housing Finance Agency has named three senior advisers for policy, economics and communications.

The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.