Key insight: The CFPB’s leadership cited ongoing litigation as the reason for not cooperating with the Government Accountability Office. Supporting data: The GAO reiterated what was found in court documents, finding that the CFPB had planned to fire 88% of the staff. Forward look: A federal appeals court will hear oral arguments in late February […]
CFPB blocks GAO investigators in layoff report Read More »
Real estate brokerages will shell out another $42 million to home sellers and their attorneys to settle lingering antitrust litigation related to the massive National Association of Realtors case. Processing Content A federal judge last week granted final approval to settlements by eight brokerages, funds which could reach upwards of 2.6 million consumers, according to
NAR antitrust cases net sellers another $42M Read More »
The government-sponsored enterprises’ move toward buying mortgage-backed securities to lower rates in the near term has raised questions about whether it diverts attention from broader reform efforts. Processing Content The answer appears to be that MBS buying could add to capital challenges at the margins, but ultimately it doesn’t do much to change the big
What Fannie Mae, Freddie Mac MBS purchases mean for reform Read More »