News

The U.S. Senate and the House of Representatives have both unanimously voted to pass a bill that give military servicemembers who have recently returned from duty added protection from foreclosure, according to an announcement from Senator Sheldon Whitehouse (D-Rhode Island), who introduced the bill in May.

A Florida man has been sentenced to 37 months in federal prison for a fraud scheme perpetrated against businesses and individuals seeking lines of credit, according to an announcement from Christy Romero, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).

Consumer sentiment gained another five points in an early December measure, putting confidence levels at a near eight-year high.

The Michigan State Senate passed a bill on Friday to prevent those with delinquent property tax payments to bid in foreclosure auctions and prevent homeowners from intentionally allowing their homes to go to foreclosure and buy them back in an auction for a lower price.

The housing market will continue its gradual recovery and gain momentum in 2015 after a disappointing 2014, according to the Wells Fargo Economics Group 2015 Economic Outlook entitled "A Whole New Ballgame," released earlier this week.

Washington, D.C.-based NeighborWorks America, one of the nation's largest community development corporations, announced that more than 1.8 million homeowners have received foreclosure prevention counseling through the association's National Foreclosure Mitigation Counseling Program (NFMC).

After trudging along a sluggish track in 2014, the market for new homes is projected to make a comeback next year, Fitch Ratings says in a new forecast.

U.S. Representative Ed Royce (R-California), a senior member of the House Financial Services Committee, has issued a statement calling the Federal Housing Finance Agency (FHFA)'s announcement that the Agency will divert GSE money to the Housing Trust Fund and Capital Magnet Fund "outrageous."

In a year that's seen promising—albeit unspectacular—growth, economists agree that one sector of the U.S. economy disappointed: the housing market.

Fannie Mae has expanded its risk sharing offerings with Wednesday's announcement of the credit insurance risk transfer (CIRT) deal, which transfers the credit risk on a pool of loans from the taxpayers to a panel of domestic reinsurers.