Yahoo has quietly launched a mortgage rate calculator on their site, making it the second search engine to do so. Google launched its mortgage calculator in February, but Yahoo’s new tool is bigger and better than its Google predecessor. Now, these might just be the first of many calculators to hit the internet.

Sen. Elizabeth Warren (D-Massachusetts) said the GOP had put financial protections “in the center of the bull's-eye” with their new budget proposal. Warren, joined by Sens. Jeff Merkley (D-Oregon) and Al Franken (D-Minnesota), criticized the GOP budget Wednesday, targeting particular ire at a provision that calls for lawmakers to set the funding levels for the CFPB.

Ward joins Clayton Euro Risk from Home Funding, which he led from 2006–2015. During his 40 year career he was a founder of Kleinwort Benson’s innovative mortgage originating and securitisation business, Mortgage Funding Corporation PLC, chairman of the Intermediary Mortgage Lenders Association (IMLA) and deputy chairman of the Council of Mortgage Lenders.

The House Financial Services Committee (HFSC) approved 11 bipartisan bills today, aimed at providing community banks and credit unions some regulatory relief. According to HFSC Chairman Jeb Hensarling, since the introduction of the Dodd-Frank Act, banks have been struggling to survive due to stricter regulation.

The FHFA index showed the effective interest rate on all mortgage loans was down 12 basis points in February from the month prior. The February rate was 3.92 percent down form the January rate of 4.04 percent. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.

Employees at the office work with U.S. residents who were behind on their home loan payments. In an emailed statement, Wells Fargo & Co. said Wednesday that as the economy has improved over the last two years, fewer customers have become delinquent on their payments, and fewer customers have needed assistance to stay in their homes. The company says it will continue to offer assistance to borrowers facing financial hardship.

“Purchase application volume picked up for the week and on a seasonally adjusted basis reached its highest level since January 30, 2015, and continues to run about 3 percent ahead of last year’s pace,” MBA Chief Economist Mike Frantantoni said. “Low mortgage rates and more importantly continued improvements in the job market are the likely drivers behind this increase.”

Consumer Financial Protection Bureau Deputy Director Steven Antonakes hinted at possibly extending the August 1 implementation deadline for new mortgage disclosure if vendors weren’t ready, in a speech he gave today, sending industry talks into frenzy. But according to Sam Gilford, spokesman for the CFPB, the deadline will not be extended.

In late January, Judge Magaret Sweeney denied the government's attempt to stay court proceedings in the case, ruling that Fairholme could continue to pursue its lawsuit against the government, which was originally filed in 2013. The suit claims that the sweeping of Fannie Mae and Freddie Mac profits into Treasury, a practice authorized by Congress in August 2012, equates to taking private property for public use without "just compensation," which is forbidden by the Fifth Amendment of the U.S. Constitution.

Hispanic homeownership rates have slowed over the past three years. In 2012, the number of homes owned by Latinos increased by 347,000. That number was much lower at 54,000 in 2014. Before the Great Recession, Hispanics were outpacing the national average in homeownership gains. From 1995 to 2004 the Hispanic homeownership rate grew 7 percent, higher than the national average of 5 percent.