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The CFPB gave little ground in its pledge Wednesday to be "sensitive" to lenders that make a "good-faith effort" to comply with new mortgage disclosure rules that go into effect in August. The agency's statements fell short of a formal grace period that the industry and lawmakers had been demanding.
June 3
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Rep. Edward Royce, R-Calif., urged fellow House members Wednesday to support a Senate proposal that would make significant reforms to Fannie Mae and Freddie Mac.
June 3 -
As nonbank lenders continue to grow their stake in the mortgage industry, researchers from the Harvard Kennedy School argue that regulatory reforms should come to lower the risk associated with these institutions.
June 2 -
Hundreds of lawmakers from both sides of the political aisle are pushing for the Consumer Financial Protection Bureau to grant a grace period for banks, credit unions and other lenders to comply with a new mortgage disclosure rule.
May 22 -
Barclays dismissed mortgage-bond trader Yoon Seok Lee over claims that he lied to clients.
May 22 -
Fannie and Freddie's profits depend on having their obligations backed by the U.S. Treasury. Therefore they should have to pay a sensible price for this backstop just like big banks.
May 22
