Government

The Fed raised rates in 2017, and with two more rate increases this year likely, potential homebuyers will get into the market in order to buy a house before rates go any higher.

One of the world’s top rating agencies warned that sweeping or high-level changes to Fannie Mae and Freddie Mac could unleash a host of unintended consequences.

The goal of a recent Committee on Financial Regulations hearing was “examine the unconstitutional structure of the CFPB and how it has yielded unaccountability to Congress and the executive branch.” Additionally, the committee looked at ways in which the bureau may be restructured in order to make the Bureau more Constitutional and more accountable.

The Financial Choice Act would give regional and community banks a way to avoid most aspects of Dodd-Frank regulations, and a policy which would force big bank’s parent companies to file bankruptcy and restructure, instead of the current Dodd-Frank policy.

MReport had the opportunity to speak with McBride on Wednesday shortly before the Federal Reserve announced the rate increase.

After the Department of Justice announced their support of PHH Corp in the case against the CFPB, opinions differed on the effectiveness of the Bureau.

Since the inception of the HARP program in 2009, 3.4 million underwater homeowners have been able to refinance and keep their homes. The program will end on September 30, 2017.

HUD should expect a $6.2 billion budget cut on 2018, a 13.2 percent decrease from the 2017 annualized CR level.

Looking forward, experts discuss what effects the rate hike may have.

The proposed rules would seek to provide banks with forms of regulatory relief and tie up insolvency concerns for those considered too big to fail.