Government

Almost immediately, PHH and its lawyers, Los Angeles-based Gibson Dunn & Crutcher, petitioned the District of Columbia U.S. Circuit Court of Appeals to “modify or set aside civil investigative demand” while the company made its case against what it called an abuse of power by the CFPB.

Freddie Mac recently released the results of its Primary Mortgage Market Survey (PMMS), finding that average fixed mortgage rates continue to drop as economic uncertainty pushed Treasury yields lower.

Fair value gains were the primary driver as Fannie Mae's net income more than doubled from the first quarter to the second quarter, according to an announcement from Fannie Mae on Thursday.

HUD recently announced the proposal of a new rule that would amend its already in place regulations on the equal participation of religious organizations in HUD programs, allowing different religious providers to apply for Federal funding without compromising their religious identity.

Borrowers that close their mortgage using an electronic platform typically have a greater understanding toward the process and are more efficient and empowered, compared to those that take the paper route.

The Consumer Financial Protection Bureau issued a bulletin on Tuesday providing guidance to servicers regarding the cancellation and termination of private mortgage insurance.

Banks reported stronger demand for mortgage loans and eased lending standards in a number of categories, suggesting positive growth in the second half of the year, according to the Federal Reserve July 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices.

Freddie Mac's net income soared for the second quarter of 2015, totaling $4.2 billion—nearly nine times the GSE's Q1 net income of $524 million, according to an announcement from Freddie Mac on Tuesday.

Construction spending has increased for six consecutive months this year and amounted to $482.7 billion during this time period.

Financial products and services offered by banks are being issued on a a very limited basis due to regulatory compliance burdens. According to the American Bankers Association’s 2015 Survey of Bank Compliance Officers, a total of 46.3 percent of respondents said their bank had cut offerings