Countercyclical policies will be crucial in future housing finance reform, at least according to a recent report from the U.S. Department of the Treasury.
Read More »Under-$30K Earners Denied TARP Assistance in Droves
Though the Hardest Hit Fund was established to act as a safety net for unemployed or underemployed working class Americans, a recent audit of the program found it’s not helping as much as it could.
Read More »Credit Unions Support OCC’s FinTech Proposal, Sort Of
The National Association of Federally-Insured Credit Unions is behind the Office of the Comptroller of the Currency's recently proposed initiative to allow FinTechs to operate as banks, but it also believes these companies should be held to the same standards and regulations as other financial institutions.
Read More »Health of Housing is Rising in the East
The housing markets in some eastern states are turning around, largely due to a declining number of REO properties, according to one analysis.
Read More »Poll: Homeownership is Low on the Priority List
The vast majority of consumers in debt have made getting out of the red as a top financial goal for 2017, with purchasing a home trailing by a long shot, according to a recent survey.
Read More »Castro: Housing is a ‘Platform for Opportunity’
Julián Castro's tenure as HUD Secretary is expected to end soon, and he has released one final memo to the American people recounting some of the administration's achievements since he assumed the post two and a half years ago.
Read More »New Fannie Mae CAS Deal in the Works
In an effort to reduce the risk of taxpayers and increase private capital in the mortgage market, Fannie Mae will settle a credit risk sharing transaction under its Connecticut Avenue Securities program on December 8.
Read More »No Recap and Release? How About Review and Reform?
It appears GSE reform may actually be on the horizon—or at least discussed regularly in Washington—thanks to a new bill proposed by Congressman French Hill (R-Arkansas).
Read More »FCC Recommends Limitations to Debt Collection Rule
The FCC has released formal recommendations for how recent changes to the Telephone Consumer Protection Act (TCPA) will be implemented—and the mortgage industry should take note.
Read More »JPMorgan’s RMBS Deal May Not Spur Demand for Similar Transactions
According to Moody's, not all banks will see the benefits or have the same costs as JPMorgan Chase when securitizing loan portfolios.
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