Proposal requiring member FIs to maintain 10% of assets in residential mortgages is unpopular.
Rule would require 10% of credit union assets in residential mortgages to stay in Federal Home Loan Bank system.
Sen. Elizabeth Warren (D-Mass.) grills FHFA Director Mel Watt during a Senate Banking Committee hearing.
If the FHLB of Seattle merges into the FHLB of Des Moines, it would be the system's first voluntary merger.
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.
Richard Hornsby, who allegedly threatened former Director Ed DeMarco, is due in court Wednesday on felony charges.
New FHFA director says CFPB's new QM rule could significantly impact mortgage credit availability.
Senate rules change paved way for Watt's confirmation after Republicans had vowed to block a vote.
Reports say vote to come up on Tuesday, Dec. 10, under new rules after October vote blocked.