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Both U.S. Bancorp and PNC Financial Services experienced slight declines in net income for the fourth quarter of 2015, and the results for mortgage banking revenues at both banks followed right along,

Boston Fed President Eric Rosengren said that while he hopes more normalization is appropriate, at the same time it is important to carefully manage risks in the economy.

Overall, the bank's earnings exceeded expectations for Q4, but the mortgage banking division posted a disappointing quarter.

The price to pay for housing market growth in 2016 will be shrinking affordability, according to Fannie Mae.

The latest STACR offering "reflects investors' positive view of the company's credit fundamentals," according to Mike Reynolds, VP of Credit Risk Transfer with Freddie Mac.

Contacts in the Fed's 12 districts reported mixed but slightly improved housing markets since the previous Beige Book was issued.

As far as the U.S. housing market is concerned, it’s got a lot to live up to compared to 2015.

It may be tougher to qualify for a mortgage loan to buy a home now than it was 10 years ago. But at least Fannie Mae and Freddie Mac are helping borrowers who already have homes to stay in them.

According to the New York Fed, consumers are growing less optimistic about their financial and employment prospects.

The risk of default is greater in some channels than in others.