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Daily Dose

The Truth About the GSE Profit Sweep

A federal judge unsealed documents related to Fairholme Funds’ lawsuit against the government over the sweeping of GSE profits into Treasury that may be undermining to the government’s position.

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GAO: Nonbank Servicers Need More Oversight

Nonbank servicers are now servicing nearly a quarter of all residential mortgage loans in the country. What does the Government Accountability Office recommend should be done to increase government oversight of nonbank servicers?

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Ex-Fed Adviser Suggests Major Overhaul

Fed

Former Fed adviser and economist Andrew Levin said that the Fed’s transparency and accountability are “severely deficient” and recommended some steps for reforming the central bank.

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PHH Goes Toe-to-Toe With CFPB

This is a landmark case because it is the first time in the almost five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau.

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