The Senate Banking Committee has rescheduled a confirmation hearing for Brian D. Montgomery for May 25.President Bush has nominated Mr. Montgomery to be the new Federal Housing Administration commissioner. The committee will also consider the confirmation of Federal Reserve Board governor Ben Bernanke to be a member of the president's Council of Economic Advisers. A previously scheduled hearing was postponed after a Senate dispute over the filibuster of the president's appellate court nominees prevented the committee from meeting. A decisive vote in that dispute is expected on May 24. Mr. Montgomery currently works in the White House as a deputy assistant to the president.
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Fannie Mae and Freddie Mac's portfolios were collectively $10 billion larger than in January, spurred in part by their mortgage-backed securities directive.
March 28 -
Employers who use Nayya's agentic AI platform can provide Foyer, a dedicated 401(k) for homeownership, as a benefit that helps its employees buy a home.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
Lowering minimum standards and using a 2018 proposal as a basis for change may be the quickest path, according to Donald Layton, Freddie Mac's CEO from 2012 to 2019.
March 27 -
The real estate investment trust declared an all-cash offer of $10.80 per share from CrossCountry superior to the fixed stock exchange ratio bid from UWM.
March 27 -
In three separate appearances Thursday, Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said they are worried that U.S. involvement in the war with Iran could drive up inflation, leading them to conclude that interest rates should remain steady in the near term.
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