Government

Janet Yellen sat in the hot seat in front of the Senate Thursday, completing the second half of her semi-annual testimony. What recommendations did she give the committee, and did they fall in line with recent calls by politicians in the CHOICE act?

Nominations are now open for MReport’s Women of Impact list, which features influential female leaders in the housing and mortgage industry. The honorees will be recognized in the magazine’s special Women in Housing issue in September.

Many consumers don’t even know whether their bank or credit card agreement has an arbitration clause, but as of Monday, that might not be relevant.

The industry has long called for clarification of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule—or TRID. Today, with the release of its “finalized updates,” the CFPB may have finally provided it. But what do the updates mean for the industry? And is this really the end of the You Before You Owe confusion? The answer probably won’t surprise you.

Recently, in a roundtable event on community blight in Harrisburg, Pennsylvania, a town plagued with hundreds of cases of community blight, Senators and experts met to discuss possible solutions. What steps can be taken to curb the disastrous effects of blight? Read on to see three video clips showcasing the highlights of the meeting.

Dodd-Frank could be in trouble if a quiet spending bill continues moving through the legislative process. See how this potential back-door legislation could come to fruition, and what effect it could have on the housing market.

Keeping Fannie Mae and Freddie Mac as-is? That’s no longer an option according to remarks heard by the Senate Committee on Banking, Housing, and Urban Affairs today. But what’s necessary to push through reform? And what would the agencies look like on the other side? Today’s hearing offered much-needed insight.

Results are in from the Fed’s Stress test of 34 banks, and nearly all banks passed with flying colors, causing the market to take off after hours. One bank, however, will have to resubmit before the end of the year…

The Consumer Financial Protection Bureau has taken two big steps in clarifying its amendments to the 2013 mortgage servicing rules, which were issued in August 2016. The Bureau issued a correction on its amendments, as well as guidance regarding the three-day early compliance period. Born out of industry concern over the rule’s midweek effective dates, today’s announcement could be a game-changer for many in the industry.

The HUD and the Census Bureau released their May New Home Sales Report, above prior estimates. Read ahead to see current projected inventory supply, as well as the median and average home prices…