In a conference call with analysts following the release of its second quarter earnings report Tuesday, JPMorgan CEO Jamie Dimon took the time to single out Federal Housing Administration (FHA) backed lending as a source of risk for the Megabank.

A report released Tuesday by S&P Dow Jones Indices and Experian showed a decline in default rates among five of the largest cities in the nation to historically low levels.

Yellen gave her semi-annual Monetary Policy Report and made the case that while the economy has seen improvement the economic recovery is still too fragile to deviate from the present course of Fed policy.

This week is one of four times a year that the world’s largest corporations report their earnings to their shareholders. It’s time to look back on the second quarter of 2014.

The Consumer Financial Protection Bureau (CFPB) continued its aggressive enforcement of consumer protection laws on Monday by filing a lawsuit against Georgia based law firm Frederick J. Hanna & Associates, for violations of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Fair Debt Collections Practices Act.

Federal Reserve Chair Janet Yellen will testify before Congress on Tuesday and Wednesday of this week to give her semi-annual report on the health of the United States economy and Fed efforts to help jumpstart a recovery that, while still trending upward, has started to slow in recent months.

Assurant Field Asset Services has named veteran mortgage operations executive W. Robert Cooper as Managing Director. Cooper is a 20 year veteran of CitiMortgage where he served in various positions throughout the mortgage unit.

Citigroup's second-quarter profits took a major hit as the bank announced a settlement with the government to resolve securities claims. Citi released its quarterly earnings report Monday morning, posting net profit of $181 million—a decline of 96 percent compared to earnings of $4.2 billion a year ago.

The Federal Reserve appears to be confident enough in the trajectory of the United States economy that it looks to be planning to stop adding to its bond holdings in October, according to the minutes of the June Federal Open Market Committee meeting.

The Supreme Court of Rhode Island continued the recent trend nationwide of affirming the legitimacy of Mortgage Electronic Information Systems’ (MERS) role as mortgagee, including its authority to assign a mortgage.