Politics

Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.

Mortgage professionals are focusing on housing policies and the Federal Reserve this November.

Core PCE held steady as service costs rose, but the overall report maintains the central bank's flexibility ahead of next week's Federal Open Market Committee meeting.

Government lending leaders also addressed efforts to increase housing stock and affordability in a discussion at the Mortgage Bankers Association's annual conference.

The Department of Veterans Affairs has been patient about implementation, but budgetary considerations create some concern about the program's pace.

The lawmaker said leadership on the House Financial Services Committee is supportive of the legislation, which would limit the ability of credit-reporting agencies to sell homebuyer information to financial service providers.

Positive feedback from participants in existing programs led to the decision to expand them in order to assist more lenders.

The Consumer Financial Protection Bureau may face an existential threat if former President Trump is reelected, while the agency could be emboldened if Vice President Harris wins.

The rule, finalized Tuesday, enables consumers to share their financial data with third parties. Here are the implications for banks.

The agency filed an appeal to a ruling in August, which decimated its noncompete ban, set to go into effect in September.

The new chair of the Basel Committee on Banking Supervision called for member nations to finish the job of implementing post-financial crisis regulations. He also warned them not to put economic goals over safety considerations.

A survey shows the majority of mortgage stakeholders are not happy with the current political climate and are leaning more conservative.

The Federal Open Market Committee is expected to cut interest rates at its September meeting, which will also provide a new Summary of Economic Projections. Marvin Loh, senior macro strategist at State Street Global Markets, examine the meeting, the SEP and Fed Chair Powell's press conference.

Recent polling an industry group analyzed points to a range of outcomes that could create opportunities and risks for commercial and residential financing.

Political contributions from the housing finance industry lean Republican, but more mortgage dollars have gone to Harris than Trump.

While people are talking about supply, the former National Association of Realtors exec adds more attention must also be given to home insurance affordability.

Europe's top finance ministers are questioning the U.S.'s commitment to the global capital standards. The mistrust could have consequences for international regulatory efforts.

Quantitative tightening has helped to keep mortgage rates elevated, but new concerns over how it impacts market liquidity could lead the Fed to end the program.

Depending on who wins, it will be four years of progressive policy chaos or four years of indifference towards the housing market.

The Federal Reserve and the Consumer Financial Protection Bureau moderately increased the minimum prices at which the Truth in Lending Act applies to loans and leases.