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House Bill Amends Truth in Lending Act

The House Financial Services Committee today passed a bill amending the Truth in Lending Act that clarifies points and fees in connection with a mortgage loan. Here are the details of the bill.

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‘Will Help Ensure a Stable U.S. Housing Market’

At a hearing to consider his nomination as President of Ginnie Mae, Michael Bright, told the Senate Banking Committee that he would continue to work on modernizing the agency and ensuring the security of the loans it oversees to ensure better security price and lower rates for borrowers.

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Montgomery Talks FHA Challenges and Goals

From challenges in updating technology and filling staff vacancies, to addressing falling minority homeownership rates, FHA Commissioner Brian Montgomery spoke to press Tuesday about the goals and challenges he’s facing after returning tom the agency.

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