Single-family mortgage business at Fannie Mae and Freddie Mac slumped in the fourth quarter of 2018 as purchase-mortgage activity faded, according to a new Inside The GSEs analysis of mortgage-backed securities disclosures. [Includes two data charts.]
Rep. Maxine Waters, the first woman and first African-American to chair the House Financial Services Committee, comes to power in a particularly partisan climate. The Democrat from California officially took the gavel on Jan. 3, when the 116th Congress convened.