Politics

Critics argue the Federal Home Loan Bank System earned record profits last year and should provide a public benefit commensurate with the perks to members.

Until Congress addresses the federal deficit, the tendency will be for higher long-term interest rates regardless of what the Fed does with the short end of the yield curve, writes the Chairman of Whalen Global Advisors.

But a part of the proposal getting mixed reviews extends a risk sharing program that provides capital to housing finance agencies for multifamily loans.

Technology and compliance expert Anne Marie Pippin will help lead the division of conservatorship, oversight and readiness, while Anju Vajja takes on a similar position on the research team.

Three years after the federal relief effort was introduced, close to half of all states continue to accept applications, but New Hampshire and Oklahoma announced pending closures of their programs next month.

At issue is whether convenience fees for last-minute payments are governed by the Federal Debt Collection Practice Act, and if so, when they should be disclosed.

The Federal Housing Administration's new foreclosure prevention strategy starts soon and a Department of Veterans Affairs option is getting final approvals.

The blockbuster merger proposal will be reviewed at a time when the Biden administration is expressing skepticism about consolidation. Its analysis will have to account for markets dominated by both big banks and the likes of Visa and Mastercard.

Gate House Compliance is working with experts like Michael Waldron and Paul Hancock to provide services like fair lending and servicing assessments.

State distribution of the Treasury funds for distressed homeowners is now reportedly at least two-thirds complete.

Treasury Secretary Janet Yellen didn't directly address the turmoil at New York Community Bank, and said that while some smaller institutions could be hit by a changing commercial real estate market, she doesn't anticipate these mortgages will become a systemic risk.

The Financial Stability Oversight Council is concerned over liquidity of these companies, especially if a warehouse lender was to pull its lines, leading to a failure.

Banks historically have been averse to challenging their regulators in court, but a suit over the recently finalized Community Reinvestment Act implementation rules is a signal that the times have changed.

A look at Home Mortgage Disclosure Act data of similarly situated conforming applicants also finds some lenders' own comments for the rejection doesn't match up with the reason given, the Federal Reserve Bank of Minneapolis said.

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency Tuesday issued the first in a series of requests for comment on all aspects of the regulatory apparatus as part of a required decennial review.

There will still be local oversight. Incentives to maintain registered offices will include listing in an online lender search tool and access to certain data.

This legislation, which would be the first of its kind if passed, would apply to sellers who finance the rate buydowns made through the end of 2025.

A clash over pay playing out in contract negotiations between the Consumer Financial Protection Bureau and its employee union occur as the Supreme Court is considering whether the agency must get its funding from Congress.

The Tax Relief for American Families and Workers Act of 2024 includes restoration of a 12.5% increase in the program's 9% limit that expired in 2021.

Connecticut issued a cease and desist order, alleging that Loansnap used unlicensed originators to solicit borrowers and accept loan applications in violation of multiple federal laws.