CFPB Director Cordray Leaving Bureau
Amid speculation about gubernatorial aspirations, the director of the Consumer Financial Protection Bureau has revealed plans to leave the regulator.
FHA MMIF Capital Ratio Deteriorates
Following four straight years of improvement, the Mutual Mortgage Insurance Fund's capital ratio deteriorated. No reduction in premiums are likely as reverse mortgages continue to be a problem.
Senate Tax Plan Maintains Mortgage Interest Deduct
In its tax reform proposal, the Senate is preserving the mortgage interest deduction at an amount that is double that proposed by the House. Much else must still be reconciled.
GOP Tax Plan Halves Max Mortgage Interest Deduct
The sacred right to an interest deduction for U.S. homeowners is being tampered with in a tax plan proposed by the Republican-led House.
Congress Votes to Repeal CFPB Rule
Lawmakers have passed repeal legislation to stop a controversial rule that would have allowed borrowers to file class-action lawsuits against financial institutions. The president is expected to sign it.
MBA Chief Leaving
After leading the Mortgage Bankers Association to financial stability through the post-crisis era, the chief executive officer of the trade group is leaving.
Quicken Loans Owner is Bipartisan Supporter
The founder and chairman of Quicken Loans Inc., who appeared this week with the president's daughter, supports both sides of the political aisle.
Ginnie Tackling VA Churning by Some Lenders
Under pressure from a prominent lawmaker, the Government National Mortgage Association is taking action to address the churning of home loans to veterans.
Trump To Nominate Former FHA Chief to Post Again
The former federal housing commissioner during the George W. Bush administration is being nominated for the same post again by the current administration.
Senate Committee Approves Comptroller, Fed Official
President Donald J. Trump's nominations for the Comptroller of the Currency and a Federal Reserve Board official have been approved by a key senate committee.