Subprime Mortgage Crisis

36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations

The agency had been one of Wall Street’s most feared regulators, with the power to issue rules on mortgages, credit cards, student loans and other areas affecting Americans’ financial lives.

By Stacy Cowley

Banking and Financial Institutions Bessent, Scott Federal Home Loan Mortgage Corp (Freddie Mac) Federal National Mortgage Assn (Fannie Mae) Mortgage-Backed Securities Real Estate and Housing (Residential) Subprime Mortgage Crisis Treasury Department Trump, Donald J United States Politics and Government

What Privatization of Fannie Mae and Freddie Mac Means

Fannie Mae and Freddie Mac were bailed out by the government during the housing crisis nearly 17 years ago. The Trump administration is considering letting them go private again.

By Matthew Goldstein

Consumer Financial Protection Bureau Consumer Protection Mortgages Real Estate and Housing (Residential) Regulation and Deregulation of Industry Subprime Mortgage Crisis

Consumer Protection Agency Cracks Down on Seller-Backed Home Sales

Risky contract-to-deed home sales are subject to the same protections as mortgaged-financed homes, the consumer protection agency said.

By Matthew Goldstein

Banking and Financial Institutions Federal Reserve System Regulation and Deregulation of Industry Silicon Valley Bank Subprime Mortgage Crisis United States Economy

Banks Could Weather Even Extreme Economic Tumult, Fed Finds

The Federal Reserve for the first time tested major banks’ ability to withstand crisis scenarios — and the largest U.S. lenders stood tall.

By Rob Copeland