A group of 39 republican senators filed an amicus brief to join a court challenge of the Consumer Financial Protection Bureau director recess appointment.
The Federal Housing Administration's recently announced plans to tighten its standards for approving lenders will increase prepayment risks for investors who own Ginnie Mae-back securities, analysts at Barclays Capital say.
The state of Illinois will launch a $55 million pilot program to finance the rehabilitation of previously foreclosed homes and help potential homebuyers purchase them.
Multifamily loans backing commercial mortgage-backed securities are performing better than expected, but remain weighed down by the influence of rent-stabilized properties in New York, a Fitch Ratings report said Friday.
The latest legislation looking to establish a regulatory framework for a U.S. covered bond system to finance mortgages is being bogged down due to conflicts in the tax code.
New York Attorney General Eric Schneiderman filed a lawsuit Friday against three of the nation's biggest banks and Mortgage Electronic Registration Systems over allegedly fraudulent foreclosure actions.
The January employment gains, the strongest since April, are partly due to healthy payroll additions in construction, but recent data on housing construction and starts suggest residential construction contributed little.
The Senate agreed to a resolution that would stop executive bonuses at Fannie Mae and Freddie Mac, attaching the measure to a larger congressional insider-trading bill.
