Senators want to investigate the rapid changes to Fannie Mae and Freddie Mac's boards of directors, and seek more clarity about reported layoffs.
In a letter to the Federal Trade Commission, the California Democrat said assurances were needed from the potential combined company to ensure the buyer of divested assets would not be dependent on the "conglomerate" to offer fully functioning products.
The persistently slow reduction in the number of borrowers at risk of default indicates that while loan performance overall is improving, a substantial pool of mortgages will need workouts when forbearance ends.
Forty-one former employees of Fannie Mae on Wednesday sued the company, its chief executive and Federal Housing Finance Agency Director Bill Pulte for alleged defamation related to their dismissals in April.
Between rising home costs and the end of mortgage relief programs, many homeowners are struggling to stay above water, especially in the South and West.
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President Donald Trump said that the US government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants.
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The transaction is the fourth of its type the company has done this year through the partnership it has had with Crosscountry Mortgage since late 2022.
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The company, which already offers services in 41 states, through the Summit Mortgage Training buy gets a foothold in New Jersey and Pennsylvania.
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Regulators say the Mississippi-based depository satisfied the terms of the $5 million settlement it reached with Biden administration officials in 2021.
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The Federal Reserve and several industry groups agreed to put an indefinite stay on their legal fight over the annual examination process.
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The regulator says its prior amicus brief, which cited the Fair Debt Collection Practices Act and sided with borrowers, was no longer valid.
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We're hearing when economic times are hardest, the mortgage industry seems to become the most generous.
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The desire to responsibly and successfully own a home is growing again within the hearts of families.
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We're hearing there's a general expectation that purchase mortgage lending will pick up as refinancings continue to decline over the next four quarters.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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