Republican and Democrat leaders of the Senate Banking, Housing and Urban Affairs Committee battled over minority requests for extensive documents about Kathy Kraninger, the Trump administration’s nominee to become the next director of the Consumer Financial Protection Bureau.

Attorney General Jeff Sessions: “When issuing regulations, federal agencies must abide by constitutional principles and follow the rules set forth by the Congress and the President.”

The budget for the three advisory groups will be limited to $150,000 each per year.

The judges opined: "Indeed, the GSEs lost more in 2008 ($108 billion) than they had earned in the previous thirty-seven years combined ($95 billion). Yet the GSEs remained solvent.”

The court said Congress encased the regulator in layers of insulation, which limits the president’s power to remove and replace the FHFA director...

“We want to get more bidders involved,” said MBA’s Pete Mills…

Most of the ads we see tend to come from nonbanks such as Quicken, loanDepot and CashCall…

Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...

Among FHA loans endorsed in April and May, only 41.9 percent were at or below the benchmark DTI test for qualified mortgages, which is 43.0 percent.

NAR fears a major loss in home sales...