Government

Fannie Mae and Freddie Mac investors who are trying to reclaim the GSE profits suffered a setback on Friday.

The parties in the House Financial Services Committee have been fiercely debating the merits of the GOP's alternative to Dodd-Frank since it was introduced three months ago.

Witnesses at a Congressional hearing on Wednesday, which included two presidents of Federal Reserve banks, warned of the potential risks to the overall financial system if the Fed's current public-private structure were to be reformed.

The FHFA's conservatorship of Fannie Mae and Freddie Mac, which were intended to be temporary, reached their eight-year anniversary on Tuesday, September 6.

A September rate hike by the Fed looks less likely now but could still happen before the end of the year. How will a rate hike affect the mortgage industry?

After taking a break for the month of August, the House Financial Services Committee resumes activity on Wednesday, September 7 in the Monetary Policy and Trade Subcommittee with a hearing examining the economic health of Federal Reserve Districts.

ICBA President and CEO Camden Fine is urging a bipartisan group of 70 senators not to give up in their quest for more regulatory relief for community banks and lenders.

As the Consumer Financial Protection Bureau (CFPB) approaches one million complaints handled in its five-year history, mortgages are no longer the most complained-about financial product.

The housing advocacy group whose lawsuit sparked a controversial decision by the U.S. Supreme Court allowing disparate impact cases to be brought under the Fair Housing Act has now seen that lawsuit dismissed.

Speculation is widespread in the industry that the Fed will raise short-term interest rates in September, and Fed Chair Janet Yellen's speech in Wyoming on Friday fanned those flames of speculation.