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Comptroller of the Currency Thomas Curry discussed the challenges banks are facing with regulatory compliance and the regulatory burdens faced by smaller institutions in a speech before the New England Council in Boston, Massachusetts, on Friday.

"Congress needs to put a stop to the planned multi-million dollar paydays at Fannie Mae and Freddie Mac," Royce said upon the announcement that his bill was scheduled for markup. "Holding compensation packages at taxpayer-backed organizations to responsible limits is in the interest of the public trust."

The serious delinquency rate on Freddie Mac-backed single-family residential mortgage loans fell by another 5 basis points from May to June, down to 1.53 percent.

The court ruled unanimously and found the State National Bank of Big Spring "is not a mere outsider asserting a constitutional objection to the bureau" and is subject to the bureau's rulemaking powers,

Stewart Information Services Corporation's net income nearly tripled year-over-year in the second quarter up to $17.1 million and $0.72 per diluted share (from $6.3 million and $0.27 per diluted share, but rapidly declining volume in the default space has prompted the Houston, Texas-based real estate services provider to exit delinquent loan servicing operations, according to an announcement from Stewart.

The Consumer Financial Protection Bureau (CFPB) recently announced that Meredith Fuchs will serve as acting deputy director following Deputy Director Steve Antonakes' announcement last week to depart from the agency.

"May and June existing home sales have both been very encouraging for anyone looking for proof that the housing market is in recovery, and our July Nowcast indicates that this positive momentum will continue into July," Auction.com EVP Rick Sharga said.

HUD makes funding available each year to support organizations interested in the enforcement of fair housing laws and policies as well as educating the public, housing providers, and local governments about their rights and responsibilities under the Fair Housing Act.

When filing the appeal in April, Bank of America claimed that "the trial itself was riddled with errors at both the liability and penalty phases." The bank also claims the federal law under which the government made the claim comes with a penalty of no more than $1.1 million.

In the July Economic Outlook, Fannie Mae expects the economy to pick up to an annualized rate of 2.8 percent in Q2, which is 0.4 percentage points higher than the June estimate. Despite volatile economic conditions overseas that could pose headwinds to the U.S. economy, the ESR Group's estimate for full-year economic growth in July is an annualized rate of 2.1 percent, up from June's forecast of 1.9 percent, according to Fannie Mae.