Nonbank Mortgage Lenders Livid Over FHFA Watchdog Report

Berry, Kate
July 2014
American Banker;7/23/2014, Vol. 179 Issue 113, p21
Trade Publication
The article discusses reaction to a report from the U.S. Federal Housing Finance Agency that said independent mortgage lenders pose increased risks to the government-sponsored enterprises Fannie Mae and Freddie Mac. Chief executive Mike McHugh of mortgage lender Continental Home Loans said the report failed to note the regulations lenders such as Continental operate under. Glen Corso of the Community Mortgage Lenders of America was similarly critical.


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