By a vote of Yellen 84-15, the Senate paved the way for President Biden's new head of the Treasury Department late Monday.
Read More »Update from the Treasury on Housing Market
The new report also covered the sharp decline in unemployment and predictions on how the unemployment rate will rise.
Read More »The Treasury’s Plan for the Mortgage Market
Treasury Secretary Steven Mnuchin stated that the Treasury Department has had discussions with the Federal Housing Finance Agency about the mortgage market.
Read More »FHFA Director Mark Calabria Discusses GSE Capital Retention
The Treasury and the FHFA recently reached an agreement that will permit Fannie Mae and Freddie Mac to retain additional earnings in excess of the $3 billion capital reserves currently permitted by their PSPAs.
Read More »Looking for Bipartisan Solutions
As the new members to the Congress settle in after the midterm elections, here’s how both parties can work together to solve the current challenges in the housing market.
Read More »Economic Outlook Is Strong, but What About Housing?
While the Fed remains bullish on the economy, a report from the Treasury looks at some of the challenges faced by the housing market last quarter. Click through to learn what the two reports had to say.
Read More »How Will Falling Rates Affect Homebuyer Sentiments?
Rates declined during the week, How will they affect homebuyer sentiment? Here’s what the experts are saying.
Read More »Treasury Looks to Simplify the Community Reinvestment Act for Banks
The Treasury recently gave recommendations on regulatory and administrative changes to the CRA. Click through to learn more about how these changes could affect mortgage lending.
Read More »Will Rising Mortgage Rates Ruin the Homebuying Season?
Mortgage rates continued their upward climb this week, with 30 year fixed mortgages reaching their highest point since 2014 according to the Freddie Mac Primary Mortgage Market survey ...
Read More »FHFA and Treasury Urge Panel Not to Modify Decision
In February, the D.C. Circuit panel gave the U.S. Department of the Treasury and Federal Housing Finance Agency (FHFA) a win over the allocation of profits from Freddie Mac and Fannie Mae to the Treasury. This affirmed a lower court’s ruling that actions taken under the FHFA’s conservatorship of the GSEs cannot be challenged in court, however Fannie and Freddie shareholders sued the two for agreeing to the deal. Now, the FHFA and Treasury are urging the D.C. Circuit not to modify its ruling.
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