Government

Fannie Mae and Freddie Mac are set to release its first quarter earnings statement this week, and after rough weeks of earnings so far, many in the industry are fearing the worst concerning the profitability of GSE. Is yet another taxpayer-funded bailout upon us?

The House Financial Services Committee unanimously passed a bill this week that lifts certain restrictions placed on insurance companies by the federal government and gives states more flexibility to license and regulate private flood insurance.

While nearly everyone was expecting weak GDP growth for the first quarter, the advance estimate reported weaker growth than what was expected.

A coalition consisting of more than 160 labor unions, civil rights groups, and other advocates has written a letter to CFPB Director Richard Cordray calling for the Bureau to go take its proposed rule to ban arbitration clauses that prevent consumers from bringing class-action lawsuits even further.

Recognizing the “operational challenges” the industry is experiencing with TRID, Cordray said in a letter that the Bureau is considering making some “adjustments” in the regulation text to provide greater certainty and clarity.

What can be done to close the economic gaps between races and reform the housing finance system in America? Marc Morial, President and CEO of the National Urban League and former the Mayor of New Orleans may have an answer.

Inconsistencies in the economy during the first quarter have not dampened Freddie Mac’s forecast for housing for the coming year. Freddie Mac has held fast to its prediction that 2016 will be the best year for housing since before the crisis. Why is the outlook for housing so rosy?

The Office of the Comptroller of the Currency has had a clear message as of late: Technology is not always helpful.

Even though the housing sector has shown further improvement, the Federal Open Market Committee dodged another rate increase this month like many in the industry predicted.

Consumers ran into three major problems with the way their loan is being serviced, according to the CFPB's latest monthly consumer complaint snapshot.