To this end, the OCC released a white paper on Thursday that outlines eight principles the agency plans to use to guide the development of its innovation framework.
Read More »Watchdog Chides FHFA for Lack of Oversight
The report from the FHFA Office of the Inspector General covered an 18-month period from early 2013 to mid-2014.
Read More »Mortgages Are No Longer the Most Complained-About Product to CFPB
For the first time since the CFPB began accepting consumer complaints nearly five years ago, mortgages did not top the list of complained-about financial products.
Read More »Fannie Mae’s Mortgage Portfolio Wind Down Continues
The aggregate unpaid principal balance of Fannie Mae's gross mortgage portfolio fell below its 2016 cap.
Read More »Banks’ Share of the Servicing Universe is Shrinking
The number of first-lien mortgage loans serviced by eight national banks has declined every quarter for two years. So what is the good news?
Read More »Dodd-Frank Suffers a Setback With MetLife Decision
The court's removal of the SIFI tag is a victory for opponents of the Dodd-Frank Act who claim that the controversial Wall Street reform legislation enables “Too Big to Fail.”
Read More »The Retiree Dilemma: Rent or Own?
A question on the minds of many older Americans trying to find balance between their housing needs and financial situations as they prepare to retire is the decision to rent or own a home.
Read More »What Factors are Holding Back Housing?
Experts suggests that "normal" levels of existing-home sales are still in the distance. What is driving their forecasts?
Read More »Yellen is Dovish on Future Rate Hikes
So far this year, two Federal Open Market Committee (FOMC) meetings have come and gone with no further rate increase.
Read More »Consumer Confidence Reverses Negative Course
Whereas pessimism among consumers reigned in February’s report, March’s data showed signs that attitudes toward the economy are slowly improving.
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