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Fannie Mae has announced the appointment of J. Douglas Watt as senior vice president and chief audit executive.

The head of the nation’s most prominent mortgage banking trade group is warning that proposals to rebuild the capital reserves of the government-sponsored enterprises (GSEs) and then terminating their federal conservatorship would result in unprecedented damage to the housing finance market.

The U.S. Securities & Exchange Commission (SEC) has announced a $12.7 million settlement against First Mortgage Corporation and six of its executives that were charged with defrauding investors in the sale of residential mortgage-backed securities (RMBS) guaranteed by Ginnie Mae.

The housing finance industry is continuing to evolve, and during this evolution, the role of Ginnie Mae is more critical than ever. In recent months, Ginnie Mae has become the first source of new mortgage-backed securities (MBS) with one-third of the overall market share, and we are rapidly closing in on $1.7 trillion in outstanding Ginnie Mae securities.

SoFi has announced that its wholly-owned subsidiary

The chairman of the Senate Committee on Banking, Housing, and Urban Affairs is requested that the Government Accountability Office (GAO) and the Congressional Budget Office (CBO) investigate and prepare reports for congressional review on the policy decisions and operations within the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises

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