The Trump White House wants to slash the budget of the CFPB, an independent agency it has no control over...

MBA's Stevens once again slams those in favor of a GSE “recap and release” plan, saying this group consists “primarily [of] stock speculators who are most concerned about personal profits” rather than the future of the U.S. housing system.”

Entering a future downturn with “extensive short-funded, long-asset positions would be imprudent,” said FHFA Director Mel Watt.

In the new Trump budget, the White House takes an ax to the USDA’s rural single-family housing direct loan program.

Meanwhile, although GSE risk sharing seems popular in some circles, FHFA itself admitted recently that some of this coverage has come at premium cost to Fannie and Freddie.

The law professors believe the CHOICE Act would take the mortgage industry back to the recent past, which was characterized by risky lending and lax regulatory oversight.

Sam Kazman, general counsel for the Competitive Enterprise Institute, says the hearing involves fundamental issues about the basic structure of our government…

A new research note from Wedbush Securities calls PHH an “outperform,” but also reduces the target price on the company’s stock...

CFPB Director Richard Cordray, in an unusual move, attended the weekly caucus meeting of the Democrats in the House of Representatives last week. That prompted his chief GOP antagonist, House Financial Services Committee Chairman Jeb Hensarling of Texas, to say Cordray’s appearance shows that Democrats use the CFPB as a political war machine. “Everyone knows Mr. Cordray will likely leave the CFPB soon and pursue political office in Ohio again, but his attendance at what amounts to nothing more than a Democrat pep rally shows just how partisan and politicized he and his supposed ‘independent’ agency truly are,” the Republican said. According to Hensarling, liberal elites in Washington, DC, want to keep the bureau unaccountable to the American people so ...

The Congressional Budget Office last week issued a detailed analysis of the fiscal aspects of H.R. 10, the Financial CHOICE Act, estimating the legislation would reduce federal deficits by $24.1 billion over the 2017-2027 timeframe. “Direct spending would be reduced by $30.1 billion, and revenues would be reduced by $5.9 billion,” the budget office said. Most of the budgetary savings would come from eliminating what’s known as the Orderly Liquidation Fund and from changing how the CFPB is funded. The budget office also estimates that, over the 2017-2027 period, and “assuming appropriation of the necessary amounts,” implementing the bill would cost $1.8 billion. The CHOICE Act was introduced earlier this year by House Financial Services Committee Chairman Jeb Hensarling, R-TX, ...