In his first time to testify before Congress since he became director of the Federal Housing Finance Agency (FHFA) in January, Mel Watt on Wednesday outlined three main objectives that make up the 2014 Conservatorship for Fannie Mae and Freddie Mac and discussed the agency's progress toward each in the last 10 months.

Home flipping sales declined nationwide both quarter-over-quarter and year-over-year, hitting their lowest level since the second quarter of 2009, according to RealtyTrac's Q3 2014 U.S. Home Flipping Report released today.

In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program (HARP), the Federal Housing Finance Agency (FHFA) has scheduled its fourth HARP outreach event on December 5 in Miami.

Congressman Jeb Hensarling (R-Texas) was elected to a second term as chairman of the House Financial Services Committee on Wednesday for the 114th Congress.

Henderson, Nevada-based RIO Software Solutions, the parent company of centralized web-based real estate transaction management platform RIO Genesis, has announced the addition of three key personnel to strengthen the support operation for the company's new technology platform, RIO Office.

Bank of America's case against two underwater Florida homeowners who filed for Chapter 7 bankruptcy in order to eliminate the liability on their second mortgages – a practice known as “stripping off” – has made it to the highest court in the nation.

Senator Elizabeth Warren (D-Massachusetts) and Congressman Elijah Cummings (D-Maryland) sent letters on Tuesday to 16 financial institutions requesting detailed information regarding data breaches and seeking information about briefings from corporate IT officials, according to an announcement on Warren's web site.

Government-sponsored enterprise Freddie Mac has announced a set of new foreclosure prevention guidelines and revisions in Guide Bulletins 2014-19 and 2014-20.

Arizona-based hazard claim and Federal Housing Administration (FHA) repair management pioneer Superior Home Services has announced that Ruth Delgado has joined the company as assistant VP of insurance operations.

Federal Housing Finance Agency (FHFA) director Mel Watt will testify before the Senate Committee on Banking, Housing, and Urban Affairs in an open session on Wednesday, November 19.