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As Fannie Mae and Freddie Mac celebrate their seven-year anniversary of conservatorship, new legislation is being drafted in the U.S. House of Representatives that will allow them to establish more capital and prevent another taxpayer-sponsored bailout.

Many have wondered why the DOJ has not previously made the prosecution of these individuals a priority while the Department has entered into multi-billion dollar settlements with the nation's largest banks in the last two years.

REO sales accounted for 6 percent of total home sales in June, which was the lowest level since September 2007 when they made up 5.2 percent of all home sales in the country. REO sales hit their peak in January 2009, when they accounted for 27.9 percent of all home sales. According to CoreLogic, the continued shift away from REO sales is driving home price appreciation, since REO properties typically sell at a larger discount than short sales do.

Earnings for the U.S. banking industry totaled a record 43 billion dollars during Q2 2015, a 7 percent year-over-year increase. Regional and community banks reported significantly higher earnings than larger banks during Q2, which is consistent with past periods.

Urban stabilization and revitalization have long been at the top of the OCC's national agenda, Curry said, and Cleveland and other Midwestern cities have seen their share of foreclosures, shuttered manufacturers, and population outflow during and since the financial crisis.

Duffy said in Wednesday's editorial at the time Dodd-Frank was passed in July 2010, President Obama promised it would "lift the economy," stabilize markets, protect Americans' hard-earned money, and end "too big to fail" to ensure that the failure of any one financial institution would threaten the stability of the global economy.

Kaushik Basu, Chief Economist for World Bank, said on Wednesday that the U.S. central bank should delay a rate hike until the global economy stabilizes. Basu said it would have negative consequences if the Fed raises rates now due to economic uncertainty in China and the effect it has on global markets.

According to the indictment, Shapiro, Gramins, and Peters conspired to defraud Nomura customers by fraudulently inflating the purchase price at which Nomura could buy an RBMS bond to induce customers to buy the bond at a higher price.

No matter whether you’re a mortgage lender or servicer, a strong customer relations strategy lays the foundation for continued success in the any industry.

The objectives of the initiative to reduce the regulatory burden on community banks are consistent with the feedback the FFIEC has received as part of the regulatory review conducted under the Economic Growth and Regulatory Paperwork Reduction Act (EGPRA) of 1996, according to the FFIEC.