The terms of JPMorgan Chase’s record $13bn mortgage-bond settlement with the government will undermine Washington’s efforts to move mortgage-market risk from taxpayers to private capital, according to the world’s largest money manager.
Now that the Senate has invoked the nuclear option, there seems to be little standing in the way of Rep. Mel Watt’s confirmation as the next head of the FHFA. But what policy changes can the industry expect if he does take the helm?
More than a dozen people have been charged in what federal prosecutors are calling a multimillion-dollar mortgage fraud scheme.
Commercial real estate is seeing modest but steady growth, but tight credit standards continue to slow recovery.
The percentage of underwater homeowners fell at the fastest pace on record in the third quarter.
The agency that oversees Fannie Mae and Freddie Mac is going ahead with plans to scale down their financing of multifamily mortgages next year despite heated opposition from industry groups.
The Consumer Financial Protection Bureau has backed down on a rule that would have wound title insurance into total costs listed on a mortgage form after industry pressure.
In a party-line vote, the Senate has invoked the "nuclear option," ending Republicans' ability to filibuster presidential nominees.
Republicans blocked Rep. Mel Watt's confirmation as FHFA director -- the first time a sitting Congressman has been denied for a presidential nomination in 170 years. But Harry Reid says the fight's not over yet.
The Senate Banking Committee voted today to send Janet Yellen's nomination as Fed chair to the full Senate for confirmation.