Rep. Bob Ney, R-Ohio, has agreed to step aside temporarily as chairman of the House Administration Committee because of allegations about his links to a lobbying scandal, but he will continue to chair a housing subcommittee."He plans to continue to chair the [House Financial Services] housing subcommittee," a Ney spokesman said. House Speaker Dennis Hastert, R-Ill., urged the Ohio congressman to step down as chairman of the Administration Committee because of his relationship with lobbyist Jack Abramoff, who recently pleaded guilty to conspiracy to bribe public officials, including Rep. Ney. Rep. Ney has denied any wrongdoing and maintains that he will be vindicated when the investigations are completed. But the Speaker's spokesman, Ron Bonjean, said it would be a "big problem" having Rep. Ney lead the Administration Committee, which is expected to take up lobbying reforms early this year. "There are people that have pled guilty who have conspired to bribe him," Mr. Bonjean said. Rep. Ney announced his decision to relinquish the Administration Committee post after chairing housing subcommittee hearings Jan. 13-14 in New Orleans and Gulfport, Miss, on housing problems related to Hurricane Katrina.
-
The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
2h ago -
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
2h ago -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
3h ago -
More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
3h ago -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
4h ago -
The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
4h ago









