Castro Confirmed as HUD Secretary
President Barack H. Obama's nominee to oversee the Department of Housing and Urban Development has been confirmed for the job.
HAMP, HARP Programs Extended
The Obama administration's Making Home Affordable initiative is being extended. In addition, the administration is taking steps to reignite non-agency securitizations.
HUD Chief Nominee Sails Through Confirmation Hearing
President Barack Obama's pick to head the Department of Housing and Urban Development faced little resistance from senators at his confirmation hearing.
House Subcommittee Authorizes CFPB Subpoena
An investigation within the House of Representatives into alleged discrimination and retaliation at the Consumer Financial Protection Bureau is moving on to the subpoena stage.
House Passes QM Legislation
Mortgage Servicers Under Attack in New York
The House of Representatives has approved legislation that would exclude some fees from the maximum fee calculation on Qualified Mortgages.
Whether through legislation or regulation, mortgage servicers in New York -- especially non-bank servicers -- are increasingly facing a hostile environment.
Housing Reform Bill Advances in Senate
Bi-partisan legislation to reform the U.S. housing finance system, which had previously stalled, has moved forward in the Senate. At least three industry trade groups were happy to see the bill advance.
Housing Reform Bill Back on the Calendar
Legislation to overhaul the U.S. housing finance system is back in play after stalling in a Senate committee.
QM Legislation Would Benefit Small Banks
Legislation that has advanced in the House would ease the regulatory burden on community banks trying to comply with new mortgage rules.