DeMarco: Get Government Out Of Housing Finance
Edward DeMarco, the acting director of the Federal Housing Finance Agency, challenged Washington to show leadership in shrinking the government's role in the...
Affordable Housing Plans Aim At Mortgage Interest Deduction Changes
Affordable housing has taken center stage with a new bill in the House of Representatives and a new tax policy proposal from a...
Builder Confidence Ticks Downward
Builder confidence in the market for newly built, single-family homes ticked down slightly this month, with a two-point reduction to 44 on the...
Nine State AGs Call For DeMarco’s Removal From FHFA
Nine Democratic state attorneys general have written to President Obama and the leaders of Congress to remove Edward DeMarco from the helm of...
Banking Committee Approves Cordray And White Nominations
The Senate Banking Committee voted along party lines to confirm Richard Cordray's nomination as director of the Consumer Financial Protection Bureau (CFPB). The...
Shiller: Housing Market Is ‘Very Abnormal’
One of the most prominent thought leaders in housing is looking at the market with significant apprehension. In an interview with the Daily...
Single-Family Housing Starts Barely Up In February
Single-family housing starts in February were at a rate of 618,000, which is 0.5% above the revised January figure of 615,000, according to...
Proposals Sought For Green Community In Boston
Boston officials are looking to create a series of small communities consisting of energy-efficient residential and commercial buildings. The Boston Globe reports that...
N.C. Congressman Touted As Possible FHFA Chief
Are Edward DeMarco's days as the acting director of the Federal Housing Finance Agency (FHFA) numbered? According to the Wall Street Journal, the...
Supreme Court Refuses To Hear Appeal By Goldman Sachs
The U.S. Supreme Court has refused to consider an appeal by Goldman Sachs Group Inc. to reverse a lower court's decision that forces...
Waters And Capuano Reintroduce FHA Legislation
Reps. Maxine Waters, D-Calif., and Michael E. Capuano, D-Mass., have reintroduced the FHA Emergency Fiscal Solvency Act, which is designed to strengthen the...
Two California Credit Unions Are Closed
The National Credit Union Administration (NCUA) has announced the closure of two California credit unions. Pepsi Cola Federal Credit Union of Buena Park,...
Dutch Consider Creating National Mortgage Bank
The government of the Netherlands, in an effort to revive the Dutch housing market while buffeting the nation's banks against further economic woes,...
Mortgage REIT Sets Terms For $86M IPO
Five Oaks Investment, a New York-based real estate investment trust (REIT) focused on investing in, financing and managing agency and non-agency residential mortgage-backed...
New Bipartisan Senate Effort Aimed At GSE Reform
A quartet of senators from different corners of the political spectrum have joined forces to introduce the Jumpstart GSE Reform Act, a new...
ICBA Slams Holder On Too-Big-To-Jail Comments
The recent comments by U.S. Attorney General Eric Holder that the criminal prosecution of executives at the nation's major banks could lead to...
White And Cordray Treated Warmly At Senate Confirmation Hearing
President Obama's choices to run the U.S. Securities and Exchange Commission (SEC) and the Consumer Financial Protection Bureau (CFPB) received a cordial welcome...
Industry Trade Groups Urge QRM-QM Synchronization
A coalition of industry trade groups is urging Congress to synchronize the upcoming final rules for the qualified residential mortgage (QRM) with the...
Report Warns GSEs Could Lose Billions On Interest Rate Risk
Fannie Mae, Freddie Mac and the Federal Home Loan Banks face considerable risk of losing billions of dollars due to fluctuations in prevailing...
Research Details Results Of NeighborWorks America Outreach
Washington, D.C.-based NeighborWorks America has released new research that finds that homebuyers who receive the organization's pre-purchase housing counseling and education are nearly...