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House Financial Services Subcommittee Issues Testimony From Housing Policy Council President DeMarco

House Financial Services Subcommittee Issues Testimony From Housing Policy Council President DeMarco
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The Supreme Court Considers the President's Power to Make Recess Appointments

In its new term, the Supreme Court of the United States will consider National Labor Relations Board v. Noel Canning, a challenge to President Barack Obama’s January 4, 2012, recess appointments to fill three National Labor Relations Board (NLRB) vacancies. At the time of these appointments, every three days, the Senate was conducting pro forma sessions during which no business is ordinarily conducted. ....

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Fannie Mae earnings drop, driven by credit-related expense

Fair value increases on existing business and an accounting change made for troubled debt restructurings likely explain why its results contrasted those of competitor Freddie Mac. ....

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Fannie Mae, Freddie Mac guarantee fees held steady in 2020

Average per-loan charges last year were little changed despite the addition of a new temporary fee for refinancing. Those for loan-to-value ratios above 80%, home-purchase financing and adjustable-rate mortgages only rose slightly. ....

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