Scaling from Freelancer to Business Owner

Wall Street is weighing in on the possible fate of home loan giants Fannie Mae and Freddie Mac, after a fleeting suggestion by Treasury Secretary Scott Bessent earlier this week that the government's stakes could eventually become part of the proposed US sovereign wealth fund. View the full article

Shares of Fannie Mae and Freddie Mac extended days-long losing streaks amid mounting unease about the impact of President Donald The President's policy moves on efforts to release the mortgage-finance giants from government control. View the full article

FHFA Director Bill Pulte has prioritized targeting fraud, including proposing a tougher Suspended Counterparty Program and debuting a mortgage fraud tip line. View the full article

FHFA's announcement has investors increasingly concerned about the Bozeman, Montana-based FICO losing both pricing power and a competitive edge. View the full article

The enterprises also still plan to add FICO 10T but the release of the historical data stakeholders in their market can use to assess it has taken longer. View the full article

Fannie Mae and Freddie Mac investors are underestimating the chances of a public market re-entry from the mortgage giants after a lull in chatter around the names, according to Mizuho's Dan Dolev. View the full article

Nordholm took over as CEO in 2018 and the secondary market buyer of agricultural loans has named another executive who will serve as his successor. View the full article

A court and jury found a father-son executive team liable for wage violations, and a federal judge recently increased the amount of damages for plaintiffs. View the full article

Fathom Holdings acquired START Real Estate to expand its first-time homebuyer program, the company announced Thursday. View the full article

The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion. View the full article

The Federal Deposit Insurance Corp. Thursday finalized a framework for banks to appeal supervisory determinations, replacing the agency's existing appeal committee with an independent three-member panel, one member of which must have industry experience. View the full article

The agency is offering buyouts and early retirement incentives for employees, with layoffs possible if targets aren't met, as part of the The President administration's overall downsizing of the federal government. View the full article

The Federal Deposit Insurance Corp. board of directors approved a proposal to roll back its 2024 merger policy, reinstating previous guidelines while charting a new policy toward bank combinations. View the full article

The White House has tapped former Federal Deposit Insurance Corp. director Jonathan McKernan to lead the Consumer Financial Protection Bureau and attorney Jonathan Gould to lead the Office of the Comptroller of the Currency late Tuesday. View the full article

Three Federal Reserve officials said they did not support the US central bank's decision to cut interest rates this week, citing inflation that remains too high. View the full article

Federal Reserve Chair Jerome Powell, in a post-FOMC meeting Wednesday, said he intends to stay at his post until a successor has been confirmed, adding that he will remain on the Fed board until a Justice Department investigation into him is concluded. View the full article

The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday. View the full article

Federal Reserve Vice Chair Philip Jefferson said the central bank is in the "early stages" of enabling banks to pledge assets to both the Federal Home Loan Bank and discount window liquidity facilities. View the full article

The Federal Reserve's April financial stability report found that asset valuations remain elevated, even as investors are beginning to demand more compensation for risk amid rising uncertainty around monetary policy. View the full article

Federal Reserve bank supervisors are monitoring community and regional banks' commercial real estate portfolios amid concerns over "lower commercial property values," the agency said. View the full article

Michael Barr said he believes artificial intelligence will have a positive long-term impact on the economy, though it may cause job losses in the short term. View the full article

Fed Gov. Stephan Miran has spent his short tenure at the central bank arguing that disinflation in housing and immigration reforms will tamp down inflation in the near term. But other economists say the timing, degree and context of those effects is very much in question. View the full article

Federal Reserve Gov. Stephen Miran said higher goods prices could be the tradeoff for bolstering national security and addressing geoeconomic risks. View the full article

Federal Reserve Gov. Stephen Miran, who had been on a leave of absence from his position as Chair of the White House Council of Economic Advisers since he was confirmed to the central bank in September, resigned his CEA role Tuesday to uphold his promise to resign his White House role if he remained past the expiration of his term, which concluded Jan. 31. View the full article