Perpetual Wall Street enemy Senator Elizabeth Warren has introduced a new bill that purports to relieve taxpayers of the losses incurred from derivates trading and pass it on to Wall Street investors.
Read More »The Week Ahead: What Does the Fed Have Up Its Sleeve?
A June rate hike was widely expected but did not occur. Now with the Brexit vote, some are suggesting it is going to be a while before the Fed raises long-term interest rates.
Read More »May Brings Further Contraction for Fannie Mae’s Portfolio
The aggregate UPB of Fannie Mae's gross mortgage portfolio has shrunk by more than 50 percent in the last six years.
Read More »Five Star to Honor Achievements of Women in Housing
The September Women in Housing issue of MReport magazine will pay tribute to the women who are having the greatest influence on the mortgage industry and feature the stories of women who overcame the odds to emerge as industry leaders.
Read More »Morgan Stanley’s Capital Plan is Close, But. . .
Morgan Stanley Chairman and CEO James Gorman said that the investment banking firm is “committed to addressing the Fed’s concerns about our capital planning process and fully expect to meet their requirements within the established timeframe.”
Read More »Housing Markets Grinding Toward Historical Benchmarks
Out of the 100 metros tracked by Freddie Mac's MiMi, 99 of them experienced year-over-year gains.
Read More »Proposal Aims to Help Homeowners Build Equity
The goal of the BEAM Act is to help homeowners create wealth through building equity, reducing debt, and paying off mortgages sooner.
Read More »Monitor: Citi Makes Progress in Paying Settlement Debt
The bank agreed to pay $2.5 billion in consumer relief as part of a $4 billion settlement over RMBS in July 2014.
Read More »The Week Ahead: Can Pending Home Sales Maintain Momentum?
In April, pending home sales reached their highest point in a decade, contributing toward making 2016 the best spring homebuying season in a decade. Can they maintain that level in May?
Read More »Stress Tests? No Problem for These Banks
The nation's 33 largest bank holding companies were tested for their ability to lend under severely adverse economic scenarios that include an increase of 5 percentage points in the unemployment rate.
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