The White House has denied that there will be a change at the Department of Housing and Urban Development and maintains that rumors that Secretary Alfonso Jackson will be removed are "absolutely baseless."White House Press Secretary Tony Snow told reporters that "Alphonso has been reassured that he is going to remain the HUD secretary." Mortgage Wire reported earlier that Secretary Jackson would resign in the next few weeks. Despite the White House denial, industry sources indicate that Secretary Jackson plans to leave HUD by Christmas and that HUD Deputy Secretary Roy Bernardi is expected to become the acting secretary. In related developments, HUD General Counsel Keith Gottfried left the department Nov. 3 and Ginnie Mae President Robert Couch is filling in as HUD's chief legal officer.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
6h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
9h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
11h ago -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
11h ago -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11