News Topic: Housing

One segment of the market, at least, has proved more resilient than many feared early on in the crisis. ... Read full article

An effort by the Federal Housing Finance Agency to examine membership rules for the Federal Home Loan Bank System is reigniting an argument over whether to allow more nonbanks in or impose tougher barriers. ... Read full article

Former CFPB Director Richard Cordray and consumer advocates have designed a proposed state consumer agency that would subject more financial firms and fintechs to state oversight. ... Read full article

There's been chatter that investors are shying away from Fannie Mae and Freddie Mac mortgage-backed securities because Congress may not enact housing finance reform. Be skeptical of those claims. ... Read full article

As lawmakers tackle Fannie Mae and Freddie Mac, any revamp must lessen risk to the mortgage system and U.S. taxpayers. ... Read full article

The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development. ... Read full article

Wisconsin Republican Sean Duffy routinely pushed to restructure the Consumer Financial Protection Bureau and authored a bill to reform the flood insurance program. ... Read full article

The agency says the "disparate impact" standard needs to be amended to align with a recent Supreme Court ruling. But consumer advocates say the change would make it more difficult for borrowers to allege discrimination under the Fair Housing Act. ... Read full article

Under a proposal yet to be officially unveiled, plaintiffs relying on the so-called “disparate impact” doctrine would have to show a more direct link between a lender’s policy and discriminatory effect. ... Read full article

The agency’s new guidance would limit some nonprofits’ ability to help borrowers pay their down payments, leading to higher home costs. ... Read full article

As part of a settlement with the National Fair Housing Alliance and the American Civil Liberties Union, the social media platform will no longer allow certain advertisers to target users by age, gender or ZIP code. ... Read full article

The House Financial Services Committee debated legislation Wednesday to reform and reauthorize the National Flood Insurance Program, but no clear solution emerged. ... Read full article

Dan Schulman predicts digital payments market may reach $100 trillion; the bank exiting Estonia, Latvia, Lithuania and Russia. ... Read full article

The Financial Services Committee also announced the head of a newly created subcommittee on diversity and inclusion. ... Read full article

Several new members of the House Financial Services Committee with backgrounds in housing could use their experience to address Chairman Maxine Waters' top agenda items. ... Read full article

Goldman Sachs CEO David Solomon sticks to rogue banker defense in scandal; bank misses earnings, revenue estimates. ... Read full article

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. ... Read full article

Some big investors think the recent selloff in bank stocks is overdone; despite new ways to pay, credit cards still dominate. ... Read full article