The U.S. Supreme Court ruled on Wednesday that Fannie Mae cannot automatically bring state lawsuits to federal court, reversing an earlier decision by the Ninth Circuit Court.
Read More »Senate Banking Committee Dems Defend Cordray
Lawmakers on both sides of the aisle are pleading their respective cases as to why they believe CFPB Director Richard Cordray should stay or go as speculation persists that he will be replaced once President-elect Donald Trump takes office.
Read More »Finding the Silver Lining for Banks
The recent rise in mortgage interest rates has taken a cut from the mortgage banking lines of three of the largest banks, but the news was not all negative.
Read More »DOJ Settles Two RBMS Suits in a Week
One of the settlements included the largest RMBS solution of its kind for a single entity, according to the Department of Justice.
Read More »Debating the Merits of GOP’s Dodd-Frank Alternative
The Financial Choice Act, introduced last June by House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and passed though the Committee in September, may come to the forefront again soon now that the new administration is about to begin.
Read More »Rising Default Rates Not Indicative of Economy’s Health
Despite the increases in default rates among mortgages and other types of consumer credit, their levels still point to an economy on the mend, according to one analyst.
Read More »Radian and LendingQB Expand Partnership
Integration will provide streamlined access to Radian MI for Non-Delegated Customers and ValuAmerica Appraisal Orders.
Read More »Will Court Ruling Bring Changes to the CFPB?
The Consumer Financial Protection Bureau has appealed the D.C. Circuit Court's ruling in the PHH case that its structure is unconstitutional and that the director can be removed without cause. One stakeholder examines the possible effects the decision could have on the industry.
Read More »It’s Mnuchin’s Turn to Face the Senate
Treasury Secretary-designate Steve Mnuchin will face questioning from the Senate Finance Committee this week about his qualifications to lead the Department and his plans for the future.
Read More »Freddie Mac: Offloading More Credit Risk
Freddie Mac's single-family credit risk transfer programs had a "very good year," in 2016, according to one executive.
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