Joseph Otting, nominated to be the Comptroller of the Currency, and Randal Quarles, nominated to the Board of Governors of the Federal Reserve, was confirmed by the Senate Committee on Banking, Housing, and Urban Affairs. A full Senate vote will be needed to finalize the two men’s nominations.

Fed Vice Chair Stanley Fischer announced his resignation in a letter to President Donald Trump.

After the summer recess, Congress is back to work on an agenda that will impact the mortgage and banking industries, including confirmation votes for the Comptroller of the Currency, a key Federal Reserve position, and Harvey relief, which could potentially be tied to an increase in the debt ceiling.

Microbubbles can be found across the country, but pending legislation could make it ease the burden on the housing market.

Secretary of the Treasury Steve Mnuchin fears that if the debt ceiling isn't raised, the Treasury Department will be unable to borrow the money it needs to aid Hurricane Harvey affected areas in Texas and Louisiana.

Have questions or concerns about servicing FHA loans? Take a look at what Altisource Portfolio Solutions’ Chief Revenue Officer John Vella has to say about compliance and risks in this exclusive interview.

McCalla Raymer Leibert Pierce, announced the addition of Doug Oliver as Member and Managing Partner for Illinois Foreclosure. Oliver was previously a partner at the firm Anselmo Lindberg Oliver, LLC in Naperville, Illinois.

Mortgage Contracting Services announced that the company has completed its Service Organization Control, Type # SOC 2 examination. The examination was administered by the CPA firm, Schellman & Company, LLC.

Freddie Mac has a duty to serve the American homebuyer, and with a series of action plans that’s just what the GSE plans to do. Editor's Note: This print feature first appeared in the August issue of MReport, available now.

The Consumer Financial Protection Bureau director has once again found himself in Senator Jeb Hensarling’s crosshairs, who is relentlessly pressing for answers.