Bank of America is suing the Federal Government—the Internal Revenue Service, to be exact, for miscalculated interest on overpayments and underpayments.
Read More »Mnuchin: GSE Reform On Hold
Secretary of the Treasury Steve Mnuchin said he doesn’t think reform of the government sponsored enterprises will happen until 2018, despite bipartisan advice.
Read More »What Might a GDP-Targeted Monetary Policy Look Like?
There has been much speculation regarding the future of the Federal Reserve and the Federal Open Market Committee. Depending on the future decisions of the administration, what might a shift in monetary policy look like?
Read More »Key HUD Vacancy Filled
Pamela Patenaude was officially confirmed as the Deputy Secretary of the U.S. Department of Housing and Urban Development by the U.S. Senate Thursday afternoon. This will be her second tenure at the agency.
Read More »Fannie Mae Sells Over 10,000 Loans: UPB $2.5 Billion
Fannie Mae disclosed the result of its fourth reperforming loan sale recently. The deal was originally announced back on August 10, 2017, and included 10,700 loans totaling and unpaid principle balance of $2.43 billion.
Read More »Freddie Mac Updates Servicing Guidelines
Freddie Mac released a join bulletin with Fannie Mae Wednesday that updates its guidelines for standard servicing policies, which are unrelated to its special initiatives to aid those affected by the hurricanes that have ravaged the continental United States.
Read More »Census Bureau: Optimistic Outlook for Economy
The U.S. Census Bureau announced new comprehensive data for dates ranging between 2015 and 2016, which shows improvements in median income, poverty and health insurance coverage.
Read More »Wells Fargo CEO Looks Toward the Future
Tim Sloan, CEO of Wells Fargo, expressed his expectation that expenses to the third-largest bank will be reduced to around 60 percent of revenue in the second half of 2017.
Read More »Brian A Potestivo and Chantelle R. Neumann Receive 2017 Super Lawyer and Rising Star Nominations.
Brian A. Potestivo, President and Managing Attorney of Potestivo & Associates, P.C. was named a 2017 Super Lawyer. Supervising Litigation Attorney, Chantelle R. Neumann, was additionally selected for inclusion in the 2017 Michigan Rising Star List.
Read More »Dimon Speaks: Mortgage Industry Could be $2 Trillion Higher
JPMorgan Chase President and CEO Jamie Dimon had much to say on the state of the U.S. economy at the Delivering Alpha Conference in New York City, according to a recent interview.
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