Category: Government
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U.S. Supreme Court Decisions Affecting Housing Professionals
The latest cases to reach the Supreme Court could change how Chapter 7 bankruptcy affects homeowners. Another issue that parallels this one is mortgage-backed securities, which affected investors during the 2008 crash.
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Freddie Mac Sells $1 Billion In Delinquent Loans
In early February, we wrote about the $410 million of delinquent mortgage loans auctioned off by Freddie Mac. Well now Freddie Mac is at it again, this time selling $1 billion in delinquent loans. Similar to the previously auctioned loans, the delinquent loans are divided into three pools.
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Reaction To The House Republican 2016 Proposed Budget
As the House Republican 2016 proposed budget was unveiled on Tuesday, there has been a great deal of opposition as well as backing for it by different parties. Depending upon whether you are a Democrat or a Republican, your feelings and beliefs about the new proposed budget will differ greatly.
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Major Supreme Court Decision to Affect Mortgage Industry
In a unanimous decision on Monday, the Supreme Court held that the Department of Labor does not have to adhere to notice-and-comment procedures as outlined in the Administrative Procedures Act (APA). Perez v. Mortgage Bankers Association was the landmark case that allowed the Justices to come to this decision.
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DOJ: Pay Back Agreement for MetLife
Today, the Department of Justice (DOJ) made a major announcement regarding a settlement involving mortgages that spurred the financial crisis of 2008.
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Freddie Mac: Net Income of $7.7 Billion Reported for 2014
Today, Freddie Mac announced its net income for 2014 which amounted to $7.7 billion, down $41 billion from the financial results of 2013.
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HUD Secretary Castro's Testimony before the House Financial Services Committee Ignites Opposition
Earlier this week, we blogged about the upcoming House Financial Services Committee hearing featuring U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro. The hearing, titled The Future of Housing in America: Oversight of the Federal Housing Administration, was directed towards the financial status of the Federal Housing Administration (FHA), the condition of…
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HUD Secretary Castro’s Testimony before the House Financial Services Committee Ignites Opposition
Earlier this week, we blogged about the upcoming House Financial Services Committee hearing featuring U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro. The hearing, titled The Future of Housing in America: Oversight of the Federal Housing Administration, was directed towards the financial status of the Federal Housing Administration (FHA), the condition of…
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FDIC: Regulatory Relief For Community Banks
If you’re wondering about the recent topic of regulatory relief for community banks, look no further. The FDIC has recently released a statement by Doreen R. Eberley regarding this very topic. In the press release, Eberley speaks about positive performances made by community banks in the United States, as well as burdensome, outdated and unjustifiable…
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House Financial Services Committee to Question HUD Secretary Castro at Hearing
U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro is set to testify February 11 before the House Financial Services Committee. The Committee will propose questions about the financial status of the Federal Housing Administration (FHA), the recent announcement of the lowering of mortgage insurance premiums, and the condition of the Mutual Mortgage…