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The Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) completed its report on charges of sexual harassment leveled against Mel Watt, the agency’s Director
FHFA OIG Completes Report on Watt Misconduct Charges
The Federal Housing Finance Agency (FHFA) Office of Inspector General (OIG) completed its report on charges of sexual harassment leveled against Mel Watt, the agency’s Director.   Watt has been accused of sexual harassment by Simone Grimes... Read more
The delinquency rate for US commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 3.33 percent in November
CMBS Delinquency Rate at New Post-Crisis Low
The delinquency rate for US commercial real estate loans in commercial mortgage-backed securities (CMBS) reached 3.33 percent in November, down 3.42 percent in October and down from 5.18 percent from one year ago, according to new data... Read more
The frequency of defects, fraudulence and misrepresentation in the information submitted in October for mortgage applications was down by 4.8 percent from one year ago, according to data from First American Financial Corp.
Loan Defects Down From Last Year
The frequency of defects, fraudulence and misrepresentation in the information submitted in October for mortgage applications was down by 4.8 percent from one year ago, according to data from First American Financial Corp. On a month-over-... Read more
https://thehill.com/policy/finance/419076-ocasio-cortez-seeks-spot-on-house-banking-panel
McHenry to Become Financial Services Committee’s Ranking Member
Rep. Patrick McHenry (R-NC) was elected by his Republican colleagues to become the ranking member of the House Financial Services Committee when the new Congress begins in January.   McHenry was the Vice Chairman of the Committee under... Read more
The death of George H.W. Bush has brought renewed attention to his presidency’s foreign policy endeavors and his tumultuous approach to domestic policy, including a controversial reversal of his 1988 campaign pledge that he would never raise taxes
Analysis: George H.W. Bush’s Tenuous Approach to Housing Policy
The death of George H.W. Bush has brought renewed attention to his presidency’s foreign policy endeavors and his tumultuous approach to domestic policy, including a controversial reversal of his 1988 campaign pledge that he would never... Read more
As part of its continued commitment to improving local and global communities, Primary Residential Mortgage Inc. (PRMI) recently partnered with Habitat for Humanity on a service trip to Guatemala
PRMI Volunteers Lend a Hand to Habitat for Humanity Guatemala
As part of its continued commitment to improving local and global communities, Primary Residential Mortgage Inc. (PRMI) recently partnered with Habitat for Humanity on a service trip to Guatemala. The nationwide mortgage lender was... Read more
Nine out of 10 parents would be willing to help their adult children pay off a credit-related debt, according to a new survey of 1,000 parents conducted by CreditCards.com
Most Parents to Help Children Pay Off Debts
Nine out of 10 parents would be willing to help their adult children pay off a credit-related debt, according to a new survey of 1,000 parents conducted by CreditCards.com.   Survey respondents said they provide their child an average of $... Read more
A movement is underway to drum up public support to demand the removal of Mel Watt as Director of the Federal Housing Finance Agency (FHFA)
Law Firm Seeks Watt’s Removal Over Harassment Charges
A movement is underway to drum up public support to demand the removal of Mel Watt as Director of the Federal Housing Finance Agency (FHFA) for the expiration of his term on Jan. 6.   Watt has been accused of sexual harassment by Simone... Read more
The House of Representatives and the Senate passed a seven-day extension of the National Flood Insurance Program (NFIP) last night, hours before its scheduled expiration today
NFIP Gets Seven-Day Extension
The House of Representatives and the Senate passed a seven-day extension of the National Flood Insurance Program (NFIP) last night, hours before its scheduled expiration today.   The Senate also approved a six-month extension of the... Read more
The nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB) came closer to being achieved when Senate Majority Leader Mitch McConnell (R-KY) filed a procedural motion
Senate Invokes Cloture on Kraninger CFPB Nomination
The U.S. Senate voted 50-49 along party lines to invoke cloture to limit debate on the nomination of Kathy Kraninger to become the next Director of the Consumer Financial Protection Bureau (CFPB). The CFPB has been without a Director for... Read more