Daily Dose

The rejection of the living wills of Bank of America, BNY Mellon, JPMorgan Chase, State Street, and Wells Fargo by both the Fed and FDIC is likely to add more fuel to the fierce debate in Congress over whether or not Dodd-Frank is codifying too big to fail.

The news of the over-the-year decline in JPMorgan Chase's net income came on the same day that the Fed and FDIC announced that the bank's "living will" for 2015 is deficient.

The D.C. Circuit Court of Appeals heard oral arguments in the PHH Corp. v. CFPB case on Tuesday. Benjamin Diehl, partner with Stroock Stroock & Lavan, discusses the scope of the case and possible outcomes.

Bargains are hard to find in the housing market these days, but the incentives are still there for private investors.

The government claimed in 2012 that the GSEs were financially weak. Newly unsealed depositions may contradict this, however.

The number of completed foreclosures was down year-over-year in February, but still way above pre-crisis levels.

Both HUD and FHFA have recently made changes to their distressed loan sales aimed at improving borrower outcomes. But for some housing advocates, it hasn't been enough.

Former Fed adviser and economist Andrew Levin said that the Fed’s transparency and accountability are “severely deficient.”

Nonbank servicers are now servicing nearly a quarter of all residential mortgage loans in the country.

It's the fourth-largest RMBS settlement reached between the government and one financial institution.