Hannah Lang

The White House confirmed that it plans to nominate Mark Calabria as the next director of the Federal Housing Finance Agency.

The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market.

The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.

The Democrat, who will likely head the Financial Services Committee, has signaled she'll make expanded housing opportunities for lower-income consumers a top priority.

Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.

The House Financial Services Committee chairman said "so far, the United States Senate has done nothing" on a bill that passed the House with over 400 votes.

The Federal Housing Administration's risk-sharing program with the Federal Financing Bank began as a temporary fix, but the agency is exploring how to make it more permanent.

The proposal by Fannie and Freddie’s regulator to impose bank-like capital requirements would be relevant only if the companies leave conservatorship. But that hasn’t stopped lenders from requesting changes.

The effort to raise the threshold for transactions excused from appraisal requirements responds to concerns that the current threshold is outpaced by real estate prices.

The French bank was hit with the fine after it was found to have unsafe practices that violated sanctions against Cuba and other sanctioned countries.