Federal Reserve Chair Jerome Powell acknowledged that housing sector activity has been largely subdued due to high interest rates. However, he said the central bank is “not targeting housing price inflation.”

The bill seeks to provide VA borrowers a partial claim loss-mitigation option to use after they exit a forbearance.

NYCB took an unexpected loss in the fourth quarter tied to commercial loans and its multifamily business. The bank was then downgraded by Moody’s.

UWM has sued Atlantic Trust Mortgage for allegedly breaking a contract term that barred it from originating loans with Rocket Mortgage.

The MBA is taking its concerns about rising costs associated with obtaining credit scores to the FHFA, CFPB and FTC. A CFPB official said the regulator is willing to consider looking into the issue.

As the Trump campaign gathers steam, investors seem to believe that means the GSEs are more likely to be released from conservatorship.

Sen. Tim Scott, R-SC, called for stronger flood mitigation efforts by states, more reliable funding for NFIP and more accurate flood maps.

Housing trade groups urged Congress to pass a bill to modernize the IRS’ income verification program.

Five Democrats in the Senate wrote to the Fed this week pushing for a reduction in interest rates. The senators made their case by citing high costs for mortgages and a limited supply of homes for sale.

Fannie Mae issued a report on quality control issues for loans reviewed in 2023, noting instances where lenders lost rep-and-warrant relief.