Daily Dose

Two panels of housing experts recently examined the Obama Administration's legacy on housing and what they think the Trump Administration will bring for the industry.

The Q4 earnings statements of U.S. Bancorp and Citigroup reported very different results for their mortgage sectors.

The U.S. Supreme Court ruled on Wednesday that Fannie Mae cannot automatically bring state lawsuits to federal court, reversing an earlier decision by the Ninth Circuit Court.

Lawmakers on both sides of the aisle are pleading their respective cases as to why they believe CFPB Director Richard Cordray should stay or go as speculation persists that he will be replaced once President-elect Donald Trump takes office.

The recent rise in mortgage interest rates has taken a cut from the mortgage banking lines of three of the largest banks, but the news was not all negative.

One of the settlements included the largest RMBS solution of its kind for a single entity, according to the Department of Justice.

The Financial Choice Act, introduced last June by House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and passed though the Committee in September, may come to the forefront again soon now that the new administration is about to begin.

Despite the increases in default rates among mortgages and other types of consumer credit, their levels still point to an economy on the mend, according to one analyst.

The Consumer Financial Protection Bureau has appealed the D.C. Circuit Court's ruling in the PHH case that its structure is unconstitutional and that the director can be removed without cause. One stakeholder examines the possible effects the decision could have on the industry.

Treasury Secretary-designate Steve Mnuchin will face questioning from the Senate Finance Committee this week about his qualifications to lead the Department and his plans for the future.