Finance & Mortgage

Stockton, California's impact on muni landscape

Last week the Stockton, California, city council approved a plan to default on about $2 million of debt payments in an effort to avoid becoming the largest U.S. city to file for bankruptcy.

NAHB Sees Expanded Role for Federal Home Loan Banks in Housing Reform

The National Association of Home Builders released its blueprint for housing finance reform that it said will transition Fannie Mae and Freddie Mac into a new private-sector securitzation system.

Home Builders Announce Housing Finance System Reform Plan

The National Association of Home Builders (NAHB) today announced a new comprehensive framework for housing finance system reform that would transition Fannie Mae and Freddie Mac to a new mortgage securitization system for single-family and multifamily conventional mortgages.