Victoria Finkle

A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority families.

The Federal Reserve Board released its second annual round of stress tests mandated by the Dodd-Frank Act on Thursday, providing a glimpse into how the country's biggest firms would fare under a hypothetical economic crisis.

Details in recent legislation unveiled by Sens. Tim Johnson and Mike Crapo are stoking fresh concerns among Fannie Mae and Freddie Mac shareholders now embroiled in lawsuits over their share of profits from the mortgage giants.

The bill released by Sens. Tim Johnson and Mike Crapo would create a reinsurance fund to recoup losses on securities, establish a common securitization platform for the secondary mortgage market and open access to the secondary market for smaller lenders through a cooperative.

Senate Banking Committee leaders released their highly anticipated legislation to overhaul the mortgage finance market Sunday afternoon, after announcing they had reached agreement on a plan last week.

Senate Banking Committee leaders released their highly anticipated legislation to overhaul the mortgage finance market Sunday afternoon, after announcing they had reached agreement on a plan last week.

The Senate Banking Committee has forged a strong bipartisan agreement to reform the housing finance market, but how — and whether — that effort gets picked up in 2015 is still very much in question.

Sen. Elizabeth Warren, D-Mass., urged Banking Committee leaders on Thursday to give panel members ample time to consider their pending bill to overhaul the housing finance market before bringing the legislation to a markup.

Rep. Gary Miller, R-Calif., introduced legislation Wednesday to curb efforts by the Department of Housing and Urban Development to lower Federal Housing Administration loan limits.

The Senate confirmed Sarah Bloom Raskin as deputy secretary of the Treasury Department on Wednesday.

Sens. Tim Johnson, chairman of the Senate Banking Committee, and Mike Crapo, the top Republican, received an overall warm welcome to their agreement on housing finance reform released Tuesday, after months of negotiation.

Sens. Tim Johnson, chairman of the Banking Committee, and Mike Crapo, the top Republican, laid out a preliminary bipartisan agreement on housing finance reform after months of deliberation.

WASHINGTON — Senate Banking Committee Chairman Tim Johnson and Sen. Mike Crapo, the panel's top Republican, laid out a preliminary bipartisan agreement Tuesday on housing finance reform after months of deliberation.

Banks have stepped up efforts to extend the government's terrorism risk insurance program, fearing that Congress may fail to act before it is scheduled to expire at yearend.

While the budget was once again focused on other issues than financial services, it provided an update on the White House's priorities as well as a prediction that the FHA's fortunes will soon improve.

Rules enacted last year appear to be steadily forcing banks to exit the mortgage servicing business, transferring such rights to nonbanks. The situation is stoking fears on Capitol Hill and elsewhere that regulators went too far.

WASHINGTON -- Eugene Ludwig, founder of Promontory Financial Group and former Comptroller of the Currency, was recognized Thursday evening by the Foreign Policy Association for his contributions to financial services.

The Republican-led House approved a bill Thursday evening that would drastically alter the structure of the Consumer Financial Protection Bureau.

Chances are remote that Congress will pass a big bank tax into law this year, but House Republicans' sudden embrace of the idea suggests it has staying power.

Chances are remote that Congress will pass a big bank tax into law this year, but House Republicans' sudden embrace of the idea suggests it has staying power.