An interruption is occurring in the housing market. Homeowership numbers among Generation X have quickly gonefrom first to last due to lingering effects from the housing bust.
Read More »GAO: Keep an Eye on Nonbank Servicers
Nonbank servicers are now servicing nearly a quarter of all residential mortgage loans in the country.
Read More »Another Day, Another Settlement: Goldman Sachs to Pay $5B
It's the fourth-largest RMBS settlement reached between the government and one financial institution.
Read More »PHH Cries Foul, Claims CFPB Abused Its Power
The trial in the case of PHH Corp. v. CFPB is set to begin Tuesday. This is a landmark case because it is the first time in the almost five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau.
Read More »TRID Could Mean Trouble for GSE Risk Transfers
Per the direction of their conservator and regulator, the FHFA, Fannie Mae and Freddie Mac were instructed not to conduct loan-level reviews for technical compliance with TRID when conducting their credit-risk transfer transactions.
Read More »The Week Ahead: Here Come the Q1 Earnings Statements
This week, the nation's largest banks will release the reports of their profits—or losses—from the first quarter of 2016.
Read More »Treasury Set to Fight MetLife Over ‘Too Big to Fail’ Removal
The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.
Read More »What do Sinking Mortgage Rates Mean for the Market?
Mortgage interest rates continued their downward pattern this week, reaching their lowest level since February of last year.
Read More »Stress Test? Not for JPMorgan Chase
Just how well-capitalized is JPMorgan Chase? The bank's CEO, Jamie Dimon, tells us exactly how much in his annual letter to shareholders.
Read More »Protesters Turn Up the Heat on FHFA Director Watt
On March 22, Mel Watt said the FHFA would make a decision within 30 days on whether or not to offer principal reduction on mortgage loans. Some housing advocates don't want to wait that long, however.
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