The Federal Housing Administration's recent premium reduction is undercutting the private sector and expanding the government's role in the housing market, housing finance industry representatives told a House subcommittee on Thursday. News
Senate Banking Committee Chairman Sen. Tim Johnson (D-S.D.) is calling for joint action between the Department of Education, Department of Treasury and the Consumer Financial Protection Bureau to address student loan industry issues - including debt collection and loan servicing. Collection & Credit Risk
The Federal Reserve said it sees further improvement in the labor market while confirming it will end an asset-purchase program that has added $ 1.66 trillion to its balance sheet. News
Soaring student loan delinquencies and the aftershocks of the 2008 economic downturn have kept people in the Millennial generation from being able to buy their own home, Housing and Urban Development Secretary Julián Castro said during a recent speech. Collection & Credit Risk
Regulators' recent moves to encourage lenders to relax standards have reignited a contentious debate over whether looser credit will revitalize the housing market or set it up for another disaster. Collections - Other Consumer
Economic growth will rebound in the second quarter, averaging 3.1% over the next six quarters, but the housing market may not be as strong due to constraints on lending, according to bank economists. News
