With tax reform out of the way, Congress needs to make housing-finance reform a top priority, mortgage executives say
The examination comes amid a legal dispute for the bureau’s leadership
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.
Delinquency rate also falls in October.
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.