The U.S. Department of the Treasury has provided new guidance to increase investments in housing by utilizing American Rescue Plan funds to boost the nation’s supply of affordable options.
Read More »Treasury: No Plans for Servicer Funding Facility ‘At This Time’
Bloombergreports that Treasury Secretary Steven Mnuchin said that there are currently no plans to create a Federal Reserve facility to inject funding into nonbank mortgage servicers. He added ...
Read More »Treasury Doubling Down on Financial Crisis Mistakes?
Former White House Counsel and Senior Fellow in Financial Policy Studies at the American Enterprise Institute Peter J. Wallison put in an appearance Thursday on CNBC’s The Santelli Exchange, ...
Read More »DOJ, Treasury, and New York Fed Receive Subpoenas from House Committee
The House Financial Services Committee has issued subpoenas to two federal government agencies and a branch of the central bank requesting information and documents regarding the government's "too big to fail" designation and the Obama Administration's debt ceiling, according to an announcement Monday on the Committee's website.
Read More »Lawmaker Asks Treasury, Justice Department for Transparency on GSE Profits
Grassley wrote in his letters that it is unclear whether the President asserted executive privilege to withhold documents regarding the sweeping of GSE profits into Treasury and questions whether the Justice Department was authorized to withhold the documents.
Read More »Judge Reaffirms Voluntary Dismissal of GSE Lawsuit
A U.S. District judge denied the U.S. Department of Treasury's motion to strike Pershing Square Capital Management's voluntary dismissal of a lawsuit it filed in August over misappropriation of government funds.
Read More »HUD Names Recipients for ‘Choice Neighborhoods’ Grants
Choice Neighborhoods builds on the work of the Neighborhood Revitalization Initiative, a partnership formed in 2009 between HUD, the Department of Education, the Department of Health and Human Services, the Department of Justice, and Treasury.
Read More »Agencies Unveil Enhancements to Housing Program
The enhancements are designed to make monthly mortgage payments affordable for homeowners in MHA who are struggling, to strengthen the safety net for homeowners facing financial hardships, and to help stabilize communities most affected by the financial crisis by helping homeowners in MHA build equity in their homes.
Read More »Treasury Official Breaks Down Private-Label Challenges
Speaking at an event hosted by the Bipartisan Policy Center in Washington, D.C., Michael Stegman, counselor to the Treasury secretary for housing finance policy, explained that lenders are currently reluctant to make non-agency loans without first knowing how they'll rate on the market. At the same time, credit rating agencies don't rate mortgage pools until they see the actual loan tape.
Read More »Senate Confirms Deputy Treasury Secretary
The U.S. Senate voted Tuesday to confirm Sarah Bloom Raskin as deputy secretary of the Treasury. In a statement, Treasury Secretary Jacob Lew said he is pleased the Senate showed broad support in confirming Raskin, adding, "The Treasury Department is gaining a proven and experienced leader who is dedicated to promoting economic prosperity, and enhancing business and consumer confidence."
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