Demographic trends continue to fuel demand for apartments, and there is a large volume of 2007 vintage loans up for refinancing, says Jeffrey Hayward, Fannie Mae's head of multifamily mortgage.
Suspending Fannie Mae and Freddie Mac's regular dividend payments to the Treasury, thus enabling the companies to replenish their reserve capital, would put their future on better footing.
A group of 10 Republican senators are calling on Treasury Secretary Steven Mnuchin to drop the government’s appeal of a ruling last year that rejected insurance giant MetLife’s designation as a systemically risky firm and to de-designate the remaining two SIFI nonbanks.
The Office of the Comptroller of Currency is trying to do its part to address fintech regulation, but the OCC lacks the mandate to solve the broader fintech issues facing the entire financial ecosystem.
Former "Bond King" and the firm he co-founded patch up their differences for a reported $81 million; Supreme Court inaction means merchants can pursue more claims against Visa and Mastercard over swipe fees.
How much in punitive damages is enough to punish unlawful conduct and deter its repetition? $45 million was one bankruptcy court's opinion, in the case of a wrongful home foreclosure and eviction in knowing violation of the automatic stay.
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