Treasury Secretary Henry Paulson says efforts to reach a compromise on a GSE regulatory reform bill are progressing but there is still a long way to go."So far the conversations have been very constructive, but we've got a lot further to go," Secretary Paulson told the Senate Banking Committee during a hearing on China's currency policies. The secretary said he was "encouraged" by the progress that was made late last year in negotiations with Rep. Barney Frank, D-Mass., which involved key provisions to strengthen regulation of two government-sponsored enterprises -- Fannie Mae and Freddie Mac. It is understood that Treasury officials and Rep. Frank agreed on a proposal that would allow a new GSE supervisor to regulate the size and growth of Fannie's and Freddie's investment portfolios. The secretary did not comment on the details of the negotiations.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25