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In a letter to the Federal Housing Finance Agency, the National Association of Federal Credit Unions is urging the FHFA to keep the conforming loan limit at its current baseline rate of $417,000 and not let the limit drop any lower, citing that this change could interrupt a still-recovering housing market.

During his first year as the nation's top housing official, Castro has made several policy changes with the intent of increasing opportunity for more Americans to obtain affordable, sustainable housing. Several of those changes are outlined in an announcement from HUD on Monday including helping families and individuals secure quality housing, ending homelessness, and offering housing opportunities to all Americans.

MReport’s August 2015 ‘Women in Housing’ issue highlights the accomplishments and achievements of the working women in the housing industry. In this issue, MReport introduces their 2015 “Power Players” and “Leadings Ladies” that are revolutionizing the industry. This issue is also dedicated to the issues women face in trying to obtain the dream of homeownership and a mortgage loan.

Stewart Information Services Corporation's net income nearly tripled year-over-year in the second quarter up to $17.1 million and $0.72 per diluted share from $6.3 million and $0.27 per diluted share, but rapidly declining volume in the default space has prompted the Houston, Texas-based real estate services provider to exit delinquent loan servicing operations, according to an announcement from Stewart.

The House Financial Services Committee has announced that proposed legislation to cap the salaries of CEOs at Fannie Mae and Freddie Mac has advanced to the markup phase, which will take place in the Committee on Tuesday, July 28.

On Friday, a federal appeals court revived a lawsuit that challenged the constitutionality of the Consumer Financial Protection Bureau. According to multiple media reports, the U.S. Court of Appeals for the District of Columbia Circuit ruled that a Texas bank had legal standing to proceed with a lawsuit arguing the structure of the CFPB is unconstitutional.

The Consumer Financial Protection Bureau recently announced that Meredith Fuchs will serve as acting deputy director following Deputy Director Steve Antonakes' announcement last week to depart from the agency.

In 200 housing markets in the U.S., the weighted average months of remaining inventory data point average dropped lower in June 2015, declining more than 12 percent from the same time last year. According to U.S. ProTeck Valuation Serivices' Home Value Forecast, the MRI as of June 2015 stands at 6.11 months, while last year, this average was 6.97 months.

Under department's 2015 Fair Housing Initiatives Program Notice of Funding Availability, HUD outlined in a grant notice on Thursday that it is making $39.2 million available to fight housing discrimination. This year’s funding notice will also create six new types of grants that support fair housing capacity building, education, and outreach activities, as well as testing in rental and sales transactions.

Stewart Title Guaranty Company recently announced that Ted Faust, senior agency services manager of Tennessee, has been selected as president of the Tennessee Land Title Association, one of the largest trade associations of the title insurance industry in the state of Tennessee.