In an Oct. 14 letter to the U.S. Committee on Financial Services, Reps. Barney Frank and Spencer Bachus, the National Association of Mortgage Brokers (NAMB), along with the American Bankers Association, Consumer Bankers Association, Consumer Mortgage Coalition, Financial Services Roundtable, Housing Policy Council, Mortgage Bankers Association, National Association of Federal Credit Unions and the Real Estate Services Providers Council Inc., have shown their support for an initiative by Rep. Judy Biggert that would stagger the U.S.Read more

United States President Barack Obama has announced the reappointment of Federal Reserve Chairman Ben Bernanke to a second term at the helm of the Federal Reserve Board. "I would like to express my gratitude to President Obama for the confidence he has shown in me with this nomination and for his unwavering support for a strong and independent Federal Reserve," said Bernanke on news of the reappointment. "It has been a particular privilege for me to serve with extraordinary colleagues throughout the Federal Reserve System.Read more