Edward Pinto, resident fellow at American Entreprise Institute, discusses how the U.S. mortgage lending business should be reformed following strong profits from Fannie Mae.
Rick Santelli uses his tie to illustrate his argument that even though Fannie Mae and Freddie Mac are making money they shouldn't stay on the same path. (2:39)
Housing data released Tuesday was mixed, prompting economist Robert Shiller to call the housing recovery positive in the short-term, but not without many headwinds.
U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.
CNBC's Diana Olick reports banks and lenders are loosening up the purse strings. There's been a "noticeable increase" in the purchase of fixed-rate low down payment loans, some with as little as 3-5% down, but they may require mortgage insurance.
CNBC's Diana Olick reports a U.S. consumer watchdog group has made mortgage policy changes on banks in an effort to protect borrowers from the ills of the past decade.
More than five years after the housing market collapsed, the U.S. government's newly created consumer watchdog said Thursday it will force banks to verify a borrower's ability to repay loans to ward off the kind of loose lending that helped push the U.S. economy into recession.