After hours of discussion on the Senate floor, early Saturday morning the United States Senate secured the 50 votes needed to pass its tax bill. The vote was a close 51-49.
Read More »Ginnie Mae Pres on Growth: ‘Our Systems Are Volume Agnostic’
Wednesday morning, the House Financial Services Committee held a hearing entitled “Sustainable Housing Finance: The Role of Ginnie Mae in the Housing Finance System.” Michael R. Bright, Acting ...
Read More »Borrowers: Mortgage Loan Limits are on the Rise
On Tuesday the Federal Housing Finance Agency (FHFA) announced the 2018 maximum conforming loan limits for mortgages to be acquired by the enterprises—reporting an overall increase in loan limits.
Read More »Court Rules for Mulvaney, But CFPB Battle May Continue
Although a Washington District Court denied Leandra English's attempt to block Mick Mulvaney as Acting Director of the CFPB, the legal battle likely is not yet over.
Read More »Senate Budget Committee Approves Republican Tax Bill
The Senate Budget Committee approved the Republican tax bill Tuesday afternoon, clearing another hurdle for the legislation and putting it on track for a full Senate vote.
Read More »Senate Banking Committee Grills Jerome Powell
The Fed Chair nominee faced questions from both sides of the aisle, during which he called for smarter regulation, described cybersecurity as one of the primary threats to the financial system, and described housing reform as “unfinished business.”
Read More »Senate Banking Committee Votes Yes on Brian Montgomery Nomination
Today during a nomination hearing held by the U.S. Senate Banking Committee Brian Montgomery was approved as Assistant Secretary for Housing—Federal Housing Commissioner, U.S. Department of Housing and Urban Development. His nomination will now move to a full Senate vote.
Read More »Barney Frank States Oppositions to Senate Bill
Former Rep. Barney Frank (D-Massachusetts), who co-authored the 2010 law that established the Consumer Financial Protection Bureau (CFPB) Act, also known as also known as Dodd-Frank, said Monday ...
Read More »Otting Takes Charge as 31st Comptroller of the Currency
Sworn in Tuesday afternoon, the freshly minted Comptroller praised the importance of the OCC, but also indicated a move toward streamlined regulations and less red tape.
Read More »Mulvaney Vows CFPB Will Follow Law Without ‘Choking Off Access to Capital’
Speaking during a press conference following a chaotic and confusing morning at the CFPB, Mulvaney had harsh words about the CFPB’s past actions, but added that he was “not here to shut the place down.”
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