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The Senate confirmed Jerome Powell as the 16th chairman of the Federal Reserve on Tuesday after an 85-12 vote in favor of his confirmation. Powell will take over from current Federal Reserve Chair Janet Yellen after her term expires in ...
Read More »The Art of the Possible in Mortgage and Tech
When asked what an average day is like for her, Tracy Stephan, Director of Enterprise Innovation for Fannie Mae, laughs and replies, “I think we don't have any average days in Innovation.” As head of Fannie’s Enterprise Innovation Team, Stephan ...
Read More »Congress Passes Stopgap Spending Bill to End Government Shutdown
6:24 p.m. CST The House has voted and approved stopgap spending bill to fund the government through February 8. The measure now heads to President Trump's desk for final sign-off. __________________________________ 4:08 p.m. CST Several hours after voting to end debate on ...
Read More »Ginnie Mae and Other Mortgage Leaders React to Government Shutdown
As companies brace themselves for what a prolonged shutdown could mean, Ginnie Mae announced on Sunday that its operations will continue despite the shutdown
Read More »How Will a Government Shutdown Affect the Mortgage Industry?
The mortgage industry is likely to see some immediate and far-reaching effects if the Senate does not reach enough votes to extend the Federal Budget to February 16.
Read More »Mulvaney Requests Zero Funding for CFPB in Q2
The Acting Director of CFPB has told the Federal Reserve that the agency does not need new funds to operate in Q2. Find out why here...
Read More »Homeowner Needs After Wildfires Fall Short of Expectations
Though the wildfires in Sonoma county, California destroyed thousands of homes, displaced residents have found accommodations through their family, friends, or insurance company resulting in a low demand for government-provided housing.
Read More »Refinance Volumes Increased in November 2017
More borrowers refinanced through FHFA’s HARP program in November on the back of mortgage rates that remained lower in October 2017, according to an FHFA report.
Read More »After Delay, Powell and Montgomery Noms Proceed to Full Senate
The Senate Committee on Banking, Housing, and Urban Affairs today met to revisit the nominations of Jerome Powell as Chairman of the Board of Governors of the Federal Reserve System and Brian Montgomery as Assistant Secretary for Housing – Federal Housing Commissioner, ...
Read More »Supreme Court Case Could Shift Future of CFPB
The Supreme Court has agreed to hear a case that could have implications regarding the constitutionality of the Consumer Financial Protection Bureau. Last week the Supreme Court agreed to hear the case of Lucia v. Securities and Exchange Commission, which ...
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