Daily Dose

The Committee on Financial Services held a hearing on Thursday, September 22, to receive the “Annual Report of the Financial Stability Oversight Council” and the Secretary of the Treasury’s testimony on the report.

CoreLogic reports that mortgage application fraud risk will likely rise over the next few years if current trends of higher LTV purchases and increased credit availability continue.

Fannie Mae has completed two credit insurance risk transfers (CIRT) as part of an ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market.

Black Knight's First Look reports a rise in foreclosure starts in August, but states that seasonality plays a large role in the increase.

JPMorgan Chase has satisfied its $4 billion consumer relief obligation under the terms of a November 2013 settlement over the sales of toxic residential mortgage-backed securities to investors leading up to the crisis.

In a recent CoreLogic report, the company states that in trying to define “what is a housing bubble” and are certain CBSAs possibly bubbling, , CoreLogic applies four metrics to the top 100 CBSAs.

Freddie Mac recently released its monthly outlook for September which noted that housing remains a bright spot for the U.S. economy.

The CFPB hears from hundreds of borrowers everyday about the impact that student loan debt has on their daily lives. Specifically, they cite that the debt continues to acutely affect students of color.

For the first time in their 74-year history, the National Association of Home Builders has recently announced that they are officially endorsing candidates for the U.S. House and Senate in the upcoming November 8 elections.

Data through August 2016, recently released by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices, showed small increases in numerous default rates.