Fannie Mae-No Politics (FNMA)

[navycmdr]

Short Takes: Time to Worry About ‘Deferred Tax Assets’? /
Good News or Bad News? / A ‘Conceptual Exercise’ /
Sen. Elizabeth Warren Won’t be in Attendance

By Paul Muolo, Brandon Ivey [e-mail], [e-mail]

If the Trump administration ushers in a reduction in corporate income taxes, it could adversely affect “deferred tax assets” that are on the books of financial institutions, IMFnews was told. If that’s true, then it’s a good thing that Fannie Mae and Freddie Mac have already taken advantage of most of their DTAs. Then again, they still have some left…

The mortgage industry is bracing for the previously announced cut in FHA premiums to be iced, at least temporarily. One mortgage insurance lobbyist, when informed of the possibility, called it “great news” while two lenders we interviewed said it was an awful development…

While Black Knight Financial Services is developing a mortgage-specific credit score, the company said it is doing so as a “conceptual exercise” only, with no plans to release the credit score as a real product. IMFnews and Inside Mortgage Trends wrote about the development recently…

MARK YOUR CALENDARS: The Senate Banking Committee is scheduled to hold its confirmation vote on HUD Secretary nominee Ben Carson Jan. 24. The Senate Finance Committee holds its hearing on Treasury Secretary nominee Steven Mnuchin Thursday, Jan. 19. In case you’re wondering, Sen. Elizabeth Warren, D-MA, a harsh critic of the Wall Street executive, does not sit on the Finance Committee.