Government

Jerome Powell's nomination as Fed Chair will be the subject of a full open session committee hearing this week for the U.S. Senate Banking Committee. During a closed-door meeting the committee will also consider Brian Montgomery's nomination as Assistant Secretary of HUD and Commissioner of the FHA. Here's what else is happening in The Week Ahead.

MReport spoke with Jacqueline Comeau, EVP-Compliance & Enterprise Risk at Firm Solutions about compliance challenges. As Comeau puts it, "regulation isn't going away anytime soon," so it's more important than ever to stay up to date on regulation requirements.

On Monday, the Consumer Financial Protection Bureau, Board of Governors of the Federal Reserve System, and Office of the Comptroller Currency announced that they were raising the threshold of loans exempt from special appraisal requirements for higher-priced mortgage loans (HPML).

Yellen’s resignation cuts short a term as Fed governor which would have extended to 2024. Her departure marks the end of a controversial term which saw the Fed greatly swell its balance sheet.

Although there are still problem areas, Freddie Mac’s latest monthly outlook shows many reasons for optimism, with “housing markets on track for their best year in a decade ...

HUD has allocated billions to help with the aftermath of Hurricane Harvey. Here’s how the funds will rebuild the Lone Star State.

Home purchase originations are expected to boom next year, with an October MBA report forecasting $1.2 trillion in purchase originations for 2018 (a 7.3 percent increase over 2017). ...

A long-time ally of Treasury Secretary Steven Mnuchin, Otting will take the reins of the organization in charge of supervising and regulating all national banks.

On Thursday the House passed its tax reform plan with a narrower margin than expected. That same evening, just hours after the House passed their plan, the Senate Finance Committee voted along party lines, 14-12, to forward the proposal on to the full Senate.

As the FHA released its Annual Report to Congress—reporting results from FY 2017—what does this mean for the future of housing?