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While testifying before the House Financial Services Committee on Wednesday, Federal Reserve Chair Janet Yellen noted that persistent economic headwinds have kept the federal funds target rate at a historically low level—and that future rate hikes may occur even more ...

CoreLogic reported in its National Foreclosure Report for December 2015 released Tuesday that the nationwide foreclosure inventory totaled 433 thousand in December, or 1 point 1 percent of all homes with a mortgage, which was down by almost one-quarter from ...

While President Barack Obama failed to mention housing policy at all last month in his final State of the Union address last month, his proposed budget for Fiscal Year 2017 to be unveiled Tuesday calls for a substantial investment in ...

The share of homes that were all-cash transactions in October 2015 fell by 2.6 percentage points over-the-year down to 34 percent, meaning that of all residential home sales during the month, slightly more than a third were paid for in ...

With the housing market crash of 2008 more than seven years in the rear view mirror, default-related housing metrics have been considerably declining for a sustained period of time. One notable declining statistic that is a testament to returning stability in ...

U.S. Senator Sherrod Brown, a Democrat from Ohio and the Ranking Member of the Senate Banking Committee, and U.S. Representative Elijah Cummings, a Democrat from Maryland and the Ranking Member of the House Committee on Oversight and Government Reform, wrote ...

Citigroup was credited with more than half a billion dollars in consumer relief toward fulfilling its obligation of 2 point 5 billion dollars under the terms of a July 2014 settlement July 2014 settlement with the U.S. Department of Justice ...

Approximately 3.4 million homeowners have received mortgage modifications through the government’s Home Affordable Refinance Program since the program’s inception in 2009. Now that many of those homeowners have built up sufficient equity and mortgage rates are low, however, many HARP ...

CoreLogic’s November 2015 Distressed Sales data reported that REO and short sales combined made up 12 percent of all residential sales for the month, a decline of 2 percentage points from the previous November. The distressed sales share for November ...

JPMorgan Chase has agreed to pay 1 point 42 billion dollars to Lehman Brothers Holdings to settle claims that JPMorgan drained Lehman of billions of dollars before the investment banking firm’s infamous collapse in 2008, according to JPMorgan’s 8-K filing with the Securities ...