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The case, PHH Corp. v. CFPB, is being watched closely because depending on the outcome, it could give President Trump the power to immediately fire Richard Cordray, the CFPB's director.
May 22 -
The delinquency rate of Federal Housing Administration-insured mortgages fell to a historic low in the first quarter, fueling more calls for a reduction in the agency's annual premium.
May 19 -
The Congressional Budget Office said only community banks would choose to hold higher capital in return for fewer rules while lowering its estimate of cost savings of eliminating new FDIC resolution powers.
May 19 -
Down payment standards should be relaxed to just 10% to spur homebuying among millennials, Bank of America CEO Brian Moynihan said this week.
May 19 -
Treasury Secretary Steven Mnuchin was pressed for his views on housing finance reform, what a “modernized” version of the Glass-Steagall Act would look like and a two-tiered regulatory system.
May 18 -
Reverse mortgage lender Financial Freedom has agreed to pay $89 million to settle False Claims Act allegations involving unearned interest payments it received from the Federal Housing Administration.
May 17 -
The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.
May 17 -
Treasury Secretary Steven Mnuchin is expected to face tough questions on the OCC, Glass-Steagall and housing finance reform when he testifies on Thursday.
May 16 -
U.S. Treasury Secretary Steven Mnuchin has taken pains to stress that the Trump administration isn't out to kill Americans' beloved mortgage-interest tax deduction — but a side effect of the plan could turn it into a perk for only the wealthy.
May 16 -
President Trump on Thursday signed an executive order to reinforce the country’s cybersecurity defenses, a move that financial institutions view as a positive step toward creating a more resilient financial system.
May 11