The chairman calls the allegations “serious“ as the Federal Reserve official has been criminally referred to the Justice Department. The House Financial Services Committee announced that it would…
Read MoreMortgage Lending
FHFA Director Sends 2nd Criminal Referral to DOJ for Fed Governor Cook
The Federal Reserve official mortgaged a Massachusetts residence as her “second home” in 2021. Federal Housing Finance Agency Director William Pulte sent a second criminal referral to the…
Read More
Fed Governor Sues President’s Administration over Attempted Firing
The Federal Housing Finance Agency makes a referral over the mortgage on a third property. President Trump announced his decision to fire Federal Reserve Governor Lisa Cook early…
Read More
President Trump Fires Federal Reserve Governor Cook over Alleged Mortgage Fraud
The fed official vows to fight the action, claiming the president does not have the authority to remove her. President Donald Trump announced that he had relieved Federal…
Read MoreVA Loan Reform Bill Provides Foreclosure Relief for Veterans
The law provides gap protection that was removed when the administration shut down the VA Servicing Purchase Program in May. President Donald Trump signed the VA Home Loan…
Read More
FHFA Director Refers Senator Schiff to DOJ for Alleged Mortgage Fraud
The senator has claimed both his California and Maryland homes as primary residences. The Federal Housing Finance Agency (FHFA) referred Senator Adam Schiff of California to the Justice…
Read More
HUD Secretary Announces Actions to Eliminate Green Housing Mandate
All multifamily mortgage insurance premiums will be leveled. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced that the Federal Housing Administration is proposing “an across-the-board leveling…
Read MoreFHFA Makes Criminal Referral Against NY Attorney General
The agency alleges she listed a home in Virginia as her primary residence, among other issues related to mortgage fraud. The Federal Housing Finance Agency (FHFA) filed a…
Read More
FTC Issues Refunds to Consumers Harmed by Unqualified Loans
470 victims receive compensation after Vivint Smart Homes misused credit reports to secure unauthorized financing. The Federal Trade Commission (FTC) is distributing nearly $500,000 in refunds to consumers…
Read MoreFederal Chief Economists Respond to Mortgage Rates Increasing
The housing market continues to experience challenges. The Federal Home Loan Mortgage Corporation (Freddie Mac) reported that the average rate for a 30-year-fixed-rate mortgage neared 7 percent this…
Read More