According to a release, the Treasury department has created a list of recommendations to streamline capital markets and address the burdens they are causing.
Read More »A Look at What Experts Are Saying About Regulation
After Monday’s release of the Treasury report on Core Principals of Financial Regulation, critics are saying the proposed changes will put the economy in great danger. Proponents feel the proper restructuring of regulation is imperative and applaud the Treasury’s report. Take a look at why as the industry reacts.
Read More »GSEs: Where Should the Money Go?
For four months, the Department of the Treasury, GSEs, and Federal Housing Finance Agency have been in disagreement with Fannie and Freddie investors on where profits should be directed. Though the D.C. Circuit affirmed a lower court’s ruling that actions taken under the FHFA’s conservatorship of the GSEs cannot be challenged in court, the shareholders are now taking matters to the full D.C. Circuit for a rehearing. The FHFA and Treasury are now urging the D.C. Circuit not to modify its original ruling.
Read More »Freddie to Pay $2.2B in Dividends for Q1
Though Freddie Mac’s net income was lower this quarter than last, the GSE will still pay $2.2 billion in dividends to the U.S. Treasury for this quarter, according to its recent financial results report. The agency saw single-family revenues, purchase volumes, and mortgage-related investments all decline for Q1. These declines, according to Freddie Mac CEO Donald Layton, were due to steady interest rates and low market spreads
Read More »Treasury Secretary Approves of Financial Choice
On Thursday, Treasury Secretary Steven Mnuchin expressed his approval of the Financial CHOICE Act. The act was introduced on Wednesday by Financial Services Committee Chairman Jeb Hensarling as an alternative to the Dodd-Frank act. According to Mnuchin, this Financial CHOICE act and the tax reform plan are the steps in the right direction to strengthen the financial system.
Read More »The Week Ahead: What Will We See in the Federal Budget?
This week, the U.S. Treasury will release its Federal Budget Statement. Each month, the Bureau of Fiscal Service releases a report of the monthly receipts/outlays and deficits/surplus of the United States. This comes on the heels of President Trump’s budget cut announcement in March.
Read More »New Treasury Secretary Announces Ambitious Goals
New Treasury Secretary wants to propel economic growth to 3 percent or higher. Mnuchin wants to pass a new tax-code overhaul by August, which some say is unrealistic.
Read More »Ocwen Utilizing HAMP More to Assist Borrowers
Ocwen has been a HAMP participant since the program’s initiation in 2009 as well as an early adopter of Treasury's streamline modification program in January 2016.
Read More »Watchdog Calls on Treasury to Fix Blight Elimination Program
The Hardest Hit Fund was initiated in 2010 to help fund the states that suffered the most from the aftermath of the housing crisis. What recommendations did a government watchdog make to improve the program?
Read More »Treasury: GE Capital No Longer Too Big To Fail
The FSOC rescinded the SIFI label from one firm—but continues to fight a judge's removal of the SIFI tag from another.
Read More »