A bill that would phase-out Fannie and Freddie is unlikely to pass a full Senate vote.
Housing giants Fannie Mae and Freddie Mac could do an about-face in a renewed effort to nurture the U.S. housing market and better serve consumers seeking mortgage loans. But this time the move appears to offer greater benefits to lenders and borrowers than it does to Fannie's and Freddie's shareholders...
GSE reform passes the Senate Banking Committee Thursday over objections from Sen. Elizabeth Warren.
FHFA Director Mel Watt said his agency will maintain conforming loan limits and relax underwriting requirements.
Richard Hornsby, who allegedly threatened former Director Ed DeMarco, is due in court Wednesday on felony charges.
Dodd-Frank mandated tests, which include systemically catastrophic models, produce far worse results than FHFA's testing of Fannie and Freddie.
Credit unions and other mortgage lenders have observed slow mortgage demand for some months, but the Federal Housing Finance Agency said prices are on the uptick.
Democrats in the House ask the CFPB's inspector general to investigate allegations of employee discrimination. The NCUA is questioned, too.
Regional price variances, low inventory and too many homeowners still underwater mean higher prices aren't resulting in big loan gains.
NCUA chairman promotes need for authority over vendors when introducing a proposed rule.