Tuesday, July 21, 2015 marks the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As Dodd-Frank turns five, congress members and industry leaders examine just how effective the reform act has been within the government agencies to which it was applied.

JPMorgan Chase & Co agreed to pay $388 million to resolve a lawsuit by investors who claimed that the U.S. bank provided misleading information about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisis, according to multiple media reports.

The first-time buyer share in April, May, and June was launched to new highs, supported by improvements in the labor market, riskier mortgage lending, and continuing low mortgage rates. The American Enterprise Institute International Center on Housing Risk recently released a report, finding that first-time buyers account for 58.8 percent of primary owner-occupied home purchase mortgages with a government guarantee. In addition, AEI determined that the Agency First-Time Buyer Mortgage Risk Index stood at a series record of 15.83 percent

When purchasing a home, consumers often analyze the home further than just the outward appearance. WalletHub released a report on Monday, reviewing the level of attractiveness for cities all over the U.S. to determine how attractive a home is to first-time homebuyers. The report found that Overland Park, Kansas is the best city for first-time buyers, while Compton, California was labeled as the worst city for first-time buyers.

Net revenues for Morgan Stanley reached $9.7 billion for the second quarter ending June 30, 2015, compared with $9.9 billion in the first quarter of 2015, and $8.6 billion a year ago, according to the company’s second quarter earnings statement released Monday.

Mortgage applications for new home purchases and refinance applications both experienced increases as home prices recover, according to the Mortgage Bankers Association June 2015 Builder Application Survey and Weekly Mortgage Applications Survey for the week ending July 10, 2015.

As the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act prepares reach its fifth anniversary, a new report found that although the majority of the rules set forth in this act have already been implemented by various federal regulated agencies, there are several reform rules that have yet to be enacted, including rules for executive compensation, derivatives, and consumer debt.

SunTrust Banks, Inc. reported a net income increase of 14 percent to $467 million available to common shareholders, according to the bank’s Q2 2015 earnings statement released Friday. Comerica reported that their Q2 2015 earnings reached $135 million, or $0.73 cents per share in their earnings statement also released on Friday. Last quarter, the bank reported a net income of $134 million and $151 million for the Q2 2014.

The U.S. Census Bureau and HUD jointly announced today in a press release new residential construction statistics for June 2015 finding single-family building permits rose slightly, while housing starts and housing completions both declined.

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, recently announced a new partnership with Bills.com, the leading resource for free and personalized money help.