Richard Cordray, the Obama-appointed director of the Consumer Financial Protection Bureau (CFPB), announced his resignation—stating that he will step down before the end of the month. Cordray officially ...
Read More »House Votes to Re-up Flood Insurance Program
The House of Representatives officially voted to reauthorize that National Flood Insurance Program (NFIP) with a 237-189 vote on Tuesday. But for how long and at what price?
Read More »Relief Bill to Ease Regulation for Economic Gains
On Monday, the Senate Banking Committee Chairman and Committee members, along with other senators, announced bipartisan proposals for a new regulatory relief bill in an effort to obtain economic growth and protection for American consumers, businesses, and the stability of the financial sector.
Read More »The Long Road to Consensus on Tax Reform & the Mortgage Interest Deduction
Senate Republicans on Thursday released their version of a overhaul plan while House Republicans on the Committee on Ways and Means advanced their reform bill that was initially announced last week to the House floor. The House and Senate must come in line with their tax visions to create one uniform plan to pass through Congress.
Read More »Consumer Uncertainty Drives Down Housing Confidence
Consumer confidence is down in the latest Fannie Mae Home Purchase Sentiment Index (HPSI) report, with the end of the summer buying season bringing about a repeat of ...
Read More »Establishing a Sustainable Mortgage Market
On Tuesday, the Housing and Insurance Subcommittee held its third hearing addressing views and perspectives from industry experts on what can be done to establish a sustainable housing reform to provide more buyers a slice of the American Dream.
Read More »Steady Mortgage Rates Good News for First-Time Home Buyers
Even if mortgage rates increase in the next year, first-time home buyers still have reason for optimism in 2018.
Read More »Fed’s MBS Runoffs Projected at $197B in First Year
A new report indicates this amount is higher than precrisis levels, but less compared to the current level of over $4 trillion.
Read More »Organizations Reach Out for Borrower Mortgage Relief Assistance
This week, a group of housing organizations sent a letter to several U.S. officials regarding mortgage relief options for homeowners living in areas affected by the natural disasters.
Read More »Fannie Mae Reports Q3 Earnings
In Q3 2017 Fannie Mae transitioned its business from mortgage portfolio focus to guaranty focused. While the GSE had some of its credit-related expense eased by a recent legal settlement, see why net income dropped during the quarter.
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