Housing

Nondepository lenders are beating their bank competitors when it comes to both digital innovation and market share in the mortgage industry. As interest rates rise, banks will need to move toward electronic closings and adopt other innovations if they want to stay competitive.

WASHINGTON — The Senate Banking Committee is scheduled to hold a hearing Jan. 12 on the nomination of Dr. Ben Carson as secretary of the Department of Housing and Urban Development.

Loan modification activity has fallen dramatically at national banks over the past year, according to a report released Wednesday by the Office of the Comptroller of the Currency.

The Rural Housing Service is expanding its manufactured housing loan guarantee program to include more refinancings of used or existing manufactured homes.

WASHINGTON — The Federal Housing Finance Agency is making it easier for Federal Home Loan banks to expand the kinds of collateral they can accept for advances.

The Department of Justice has agreed to a settlement with a pair of Cincinnati banks accused of redlining African-American neighborhoods in four cities in Ohio and Indiana.

It's unclear how the new political environment will affect the platform's viability or how investors will view the securities issued on it. The next year could determine the project's success and role reshaping the secondary mortgage market.

Congress wants to put federal flood program on sounder financial footing, encourage the development of private flood insurance market and stop the insanity of rebuilding properties subject to repetitive flooding.

The case against Fannie Mae and Freddie Mac is stronger than the argument for their survival.

Treasury sweep agreement set to deplete Fannie and Freddie's capital reserves by the end of 2017.