Is a leveraged lending crisis imminent? Depends who you ask
Lawmakers waded into a growing debate about the threat posed by corporate credit risk.
Policymaking
FHFA announces senior staff appointments
The Federal Housing Finance Agency has named three senior advisers for policy, economics and communications.
Opinion CFPB has too much flexibility in assessing fines
The bureau should adopt a clear, consistent framework for determining civil money penalties against financial firms.
Eric Mogilnicki
Covington & Burling
GSE capital rule expected this summer: FHFA’s Otting
The Federal Housing Finance Agency is planning on finalizing its proposed capital requirements for the government-sponsored enterprises this summer, the agency's acting director said Wednesday.
Crapo planning two days of Senate Banking hearings on GSE reform
The Senate Banking Committee will hold two hearings at the end of March on Chairman Mike Crapo’s most recent framework for housing finance reform.
Carson plans to leave HUD after 2020 election
The secretary of housing and urban development plans to "finish out this term" but wants to return to "the private sector because I think you have just as much influence, maybe more."
Opinion Changes to capital rules should be part of GSE overhaul
As policymakers consider administrative reforms to Fannie and Freddie, they must address the problem of capital arbitrage to avoid overleveraging the mortgage system.
Opinion Keep nonbanks out of the Home Loan Bank System
Policymakers should not let mortgage REITs, hedge funds and other firms gain membership through captive insurance companies.
Duncan Campbell
Pennsylvania Bankers Association
Waters: A million-plus could lose homes because of HUD shutdown
A lapse in rental-assistance funding, an understaffed FHA and other effects of the government shutdown are causing real harm to families, said the chair of the House Financial Services Committee.
Challenges mount for mortgage lenders as shutdown persists
Borrowers and financial institutions may be feeling the strain from reduced operations at the FHA and IRS, which has suspended the release of certain income documentation during the budget impasse.
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt
In her New Year’s message, CFPB Director Kathy Kraninger called on the agency to ensure that consumers are treated fairly and that “the marketplace is innovating.”
FEMA ends halt on flood insurance policies during shutdown
The announcement rescinded the agency's earlier guidance issued to industry partners to suspend sales operations as a result of the current lapse in funding from Congress.
Bankshot Kraninger’s move to ditch CFPB name change is a savvy one
Kathy Kraninger's unexpected decision is small, but symbolically important. Here's why.
Rob Blackwell
IntraFi Network
Congress passes one-week flood insurance extension
Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.
CFPB’s inspector general asked to probe questions over political aide’s past writings
Questions surrounding Eric Blankenstein, a senior CFPB official whose racially charged writings from over a decade ago have led to calls for his resignation, have been referred to the agency's watchdog.
By
Joe Adler
FHA revises loss mitigation options for hurricane victims
The new policy, meant to assist borrowers in Puerto Rico and the U.S. Virgin Islands, will let servicers evaluate borrowers using pre-disaster payment information.
House bill would reform and extend flood insurance program
Reps. Ed Royce, R-Calif., and Earl Blumenauer, D-Ore., introduced a bipartisan package of legislation Tuesday to extend the National Flood Insurance Program through Nov. 30.
More white knuckles for lenders as flood insurance deadline approaches
Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings.
Opinion Time’s up: GSE reform ain’t happening this year
Momentum to overhaul the mortgage finance system had been slipping, and with Democrats divided over the Senate's banking relief bill there's virtually no chance more bipartisan deals can be worked out.
Victoria Finkle
American Banker
Could a spike in IRS budget solve income-verification problems?
Financial services groups are calling for more funding for the Internal Revenue Service that could fix flaws in the agency's system for verifying the income of mortgage applicants.
Load More
Couldn’t load more articles. Try again.