Fed Chair Nominee Kevin Warsh’s Confirmation Hearing Looms Despite Democrats’ Objections

The Senate is set to consider whether to confirm Kevin Warsh as Federal Reserve chairman, despite opposition from Democrats who want to halt the process. The Senate Committee on Banking, Housing, and Urban Affairs is scheduled to consider the nomination in a hearing April 21. Warsh is President Dona

Portable credit reports spark debate over costs, feasibility

While the mortgage industry lobbies to reduce credit report costs, the idea of allowing borrowers to use the same file across multiple lenders has slowly emerged. In this consumer-controlled portable credit report model, borrowers would authorize the use of a single credit report during their mortga

Virginia governor’s amendments keep Faith in Housing Act in limbo

Virginia Gov. Abigail Spanberger left in limbo legislation that would let faith-based organizations build affordable housing on their land without rezoning. Instead of vetoing or signing the Faith in Housing Act, Spanberger recommended changes. The recommendations keep the bill’s core intact but mak

America’s housing shortage stems from more than overregulation, Fed report finds

The U.S. housing market is chronically underbuilt, resulting in a decades-long shortage. Burdensome regulations take part of the blame, but they are not the only cause. A new report from the Federal Reserve Bank of St. Louis indicates that regulations are just one piece of the puzzle. Labor shortage