Senate GOP To Obama: No CFPB Confirmation Until Changes Are Made
Forty-three Republican senators have sent a letter to President Obama stating that there will be no confirmation of any nominee to run the...
GOP Senators Continue Focus On Legality Of Cordray Appointment
Senate Republicans have introduced a bill that would prevent the Consumer Financial Protection Bureau (CFPB) from receiving funding from the Federal Reserve until...
Dissent In Senate Banking Committee Over Cordray’s Legitimacy
The legally shaky status of Richard Cordray as the director of the Consumer Financial Protection Bureau (CFPB) continues to resonate, with the head...
Hensarling, Galante At Odds Over FHA’s Well-Being
The chairman of the House Financial Services Committee has declared the Federal Housing Administration (FHA) to be 'bailout broke,' while the new FHA...
Fed Votes To Maintain Securities Purchasing
The Federal Reserve is staying the course with its policy of buying massive quantities of government securities. The central bank's Federal Open Market...
SIGTARP Criticizes Treasury On Ally Repayment Problems
For the second time this week, a government watchdog is criticizing how the U.S. Department of the Treasury is dealing with companies that...
Lanny Breuer To Exit Justice Department
The U.S. Department of Justice (DOJ) has announced that Lanny Breuer, assistant attorney general in the criminal division, will leave the department on...
Homeownership Rates Rising For Foreign-Born Households
Homeownership rates among foreign-born U.S. residents are on the rise, according to new data from the U.S. Census Bureau. During 2011, 52% of...
MISMO Seeks Participation In SMART Doc Workgroup
MISMO, the mortgage industry's standards organization, is seeking interested parties to participate in a Development Workgroup (DWG) to help set industry-wide policy through...
Mortgage Applications, Refi Activity Declined Last Week
Both mortgage applications and refinance activity slumped last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for...
Mass. Governor Snubs Barney Frank Over Kerry Senate Seat
Barney Frank's high-profile effort to secure the interim U.S. Senate being vacated by John Kerry has come to naught - Massachusetts Gov. Deval...
S&P/Case-Shiller: November Home Prices Showed Strength
Home prices continued to rise in November, according to data released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices. Average...
Radio Talk Show Host Charged With $10M Mortgage Fraud
A radio talk show host billed as 'The People's Attorney' might need an attorney after federal officials charged him with a $10 million...
Treasury Faulted On ‘Excessive Pay’ For Bailed Out Executives
The U.S. Department of the Treasury is being accused of failing to 'rein in excessive pay' for the executives of companies that received...
Feb. 4 Webinar Discusses Possible Voiding Of Cordray Appointment
The law firm Ballard Spahr is hosting a free webinar on Feb. 4 to discuss the implications of last week's D.C. Circuit Court...
HUD May Demand $7M Repayment From Mass. Housing Authority
The U.S. Department of Housing and Urban Development (HUD) may demand that a municipal Massachusetts housing authority return $7 million in grants that...
Pending Home Sales Closed 2012 With A Decline
Pending home sales declined in December 2012, but nonetheless remained above year-ago levels for 20 consecutive months, according to new data from the...
Wolin To Fill Treasury Gap Left By Geithner
Nature abhors a vacuum, and so does the U.S. Department of the Treasury: Deputy Treasury Secretary Neal Wolin, currently the No. 2 person...
FHLBank Boston Awards $30.3M To Affordable Housing Projects
The Federal Home Loan Bank of Boston (FHLBank Boston) has awarded $30.3 million to support 48 affordable housing initiatives in the six New...
Court Ruling Raises Question On Legality Of Cordray Appointment
A three-judge panel of the U.S. Court of Appeals for the D.C. Circuit has ruled that President Obama did not have the constitutional...