• Ocwen6.50-0.17 -2.55%
  • Zillow98.24-4.18 -4.08%
  • Trulia43.21-1.89 -4.19%
  • NationStar25.36-0.97 -3.68%
  • CoreLogic33.31-0.99 -2.89%
  • RE/MAX35.24-3.06 -7.99%
  • Fannie Mae2.27+0.13 +6.07%
  • Freddie Mac2.15+0.04 +1.90%
  • Wells Fargo52.16-0.81 -1.53%
  • CitiMortgage47.10-1.20 -2.48%
  • Bank of America15.20-0.43 -2.75%
  • Fidelity National Financial35.70-0.04 -0.11%
  • First American34.31-0.58 -1.66%
  • AUDUSD=X0.7816N/A N/A
  • USDJPY=X117.821N/A N/A
  • WP Stock Ticker
Home | News

New ‘Audit the Fed’ Bill Calls for Full Transparency from Central Bank


U.S. Senator Rand Paul (R-Kentucky) has reintroduced bipartisan legislation that calls for more transparency from the U.S. Federal Reserve Board of Governors, according to an announcement on Paul's website. The Federal Reserve Transparency Act of 2015, or S. 264, commonly known as Audit the Fed, calls for elimination of the restrictions placed on the Government Accountability Office (GAO)'s audits of the Fed. The bill also mandates that several divisions of the Fed be subject to Congressional oversight, including credit facilities, securities purchases, and quantitative easing activities.

Read More »

Unemployment Rate Falls in 42 States Monthly in December


The latest improvements in regional and state employment statistics across the United States are keeping in line with the latest drop in the nation's unemployment rate (down to 5.6 percent in December) – and in line with analysts' assessments of consistently improving economic and labor conditions.

Read More »

Mortgage Risk Rises, Causing Concerns Over Expansion of Credit Access


December's index, which saw about 215,000 new loans added to the pool of risk-rated mortgages, was up 0.4 percentage points from the average for the prior three months and 1.1 percentage points from a year earlier, AEI said. As ever, the largest portion of risk came from the Federal Housing Administration (FHA), which had a risk index of 24.33 percent, up 0.2 percentage points from the prior three-month average. Following that were the Veterans Affairs index, which was at 11.5 percent, and the Fannie/Freddie index, which was 6.2 percent, just above the 6 percent threshold AEI says is "indicative of conditions conducive to a stable market."

Read More »
Scroll To Top