Economy

A recent ruling declaring the Consumer Financial Protection Bureau’s structure unconstitutional signaled that a similar outcome awaits the Federal Housing Finance Agency. But the FHFA will argue in a new case that it does not deserve the same fate.

The rise in late and suspended payments following the coronavirus outbreak in the United States may have helped the FHA realize it's high time to improve the process.

The council created by the Dodd-Frank Act to identify systemic risks launched a review of the market as part of an activities-based approach that shifts focus away from targeting individual firms.

B. Riley FBR raised its ratings for both Fannie Mae and Freddie Mac to sell from neutral on the possibility the net worth sweep is declared illegal.

A more than $5 billion offering going up for bid is one of the first large transactions seen since the coronavirus complicated trading.

A significant number of plans that expired at the end of June were not renewed, Black Knight said.

Congress should act in the next relief bill to provide the additional resources needed to build more affordable housing.

Property owners are taking a wait-and-see approach, possibly because of economic uncertainty.

The high court ruled June 29 that the structure of the Consumer Financial Protection Bureau violated the separation of powers.

As the coronavirus created uncertainty for the housing market, underwriting standards tightened further in June.

Mortgage rates continued their slide, with the conforming 30-year fixed at its closest point ever to breaching the 3% mark, according to Freddie Mac.

The lending giant's filing reveals what the company's internal structure will look like going forward.

A Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of its upcoming offering in filing as $100 million, a placeholder amount that will likely change.

Guarantee fees became the main source of revenue for government-sponsored enterprises during conservatorship, and reverting to a private stockholder model could create a need for more revenue.

The $38.7 billion of equity withdrawn during the period was down 8% from the fourth quarter.

The mortgage insurer is receiving $528 million of coverage in the event of defaults in a $44 billion loan pool.

While the new employment numbers bode well for housing and loan performance in the short term, concerns abound regarding how the unemployment rate and furloughs could affect prospects for the business later.

Legal experts say it is now more likely that the Supreme Court will strike down the single-director governance framework for Fannie Mae and Freddie Mac’s regulator.

Mortgage rates reached their lowest level this week since Freddie Mac began its Primary Mortgage Market Survey in 1971, but they might not have yet gotten to their floor.

The nonprofit, formed with the encouragement of government agencies to address borrower hardships in 2007, uses a model that has been challenged by the current crisis.