The Federal Open Market Committee (FOMC) and the Federal Reserve Board of Governors Board of Governors are set to convene on Tuesday at 9 a.m. EST, kicking off the latest two-day FOMC meeting. The Board of Governors meet eight times a year ...
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This past week the United States Senate passed legislation designed to help protect military servicemembers, veterans, and their families from foreclosure. Sponsored by Sen. Sheldon Whitehouse (D-Rhode Island), the legislation was included as part of the larger banking regulation bill ...
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On Wednesday, Fannie Mae announced the winners of its latest sale of non-performing loans, —the twelfth such sale, consisting of approximately 5,700 loans. The loans are divided into three different pools, with a total unpaid principal balance (UPB) of $1.002 ...
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On Friday, March 16, the U.S. Court of Appeals for the District of Columbia Circuit has issued a ruling in the case of ACA International v. FCC, clarifying several issues with regard to consumer and industry rights pertaining to robocalls ...
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United States tax policy has been in the spotlight in recent months, with President Trump signing the Tax Cuts and Jobs Act into law in December, and experts debating what the long-term impact of the bill will be ever since. ...
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With housing shortages plaguing markets around the country, there’s no surprise that San Diego is similarly afflicted. As it turns out, however, “America’s Finest City” is going to need to start rolling out a lot more housing than planned in ...
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The latest installment of the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows builder confidence in the market for newly-built single-family homes mostly staying strong. However, there are concerns on the horizon that could continue to ...
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According to the latest installment of CoreLogic’s monthly Loan Performance Insights Report, nationally 5.3 percent of mortgages were in some stage of delinquency during December 2017. That figure includes mortgages in foreclosure. The total is exactly the same percentage as ...
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The United States Senate voted Wednesday afternoon to advance S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, after several weeks of debate, amendments, and negotiation. On Wednesday afternoon, the Senate finally voted 67-31 to end debate on the bill, capping ...
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Reverse mortgages have become a popular—and sometimes controversial—way for Americans to make use of the accrued equity in their homes, especially for older homeowners. The latest controversy surrounds HUD foreclosures on homes participating in the home equity conversion mortgage (HECM) ...
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