Affordability is down for both homeowners and single-family rentals, according to data released by Freddie Mac. The GSE also announced measures to help make mortgages more affordable for borrowers with high loan-to-value ratios.
Read More »Cleveland Federal Reserve: Be Careful with Rate Hikes
The President of the Cleveland Federal Reserve, Loretta Mester, offers advice on monetary policy, interest rate hikes, and an outlook on the economy in an official statement.
Read More »NOLA Mismanaging HUD Funds
HUD’s Office of Inspector General (OIG) released the results of its audit of the City of New Orleans’ HOME Investment Partnerships program, which reveals that the city failed to protect more than $7.5 million in HOME funds disbursed. The Inspector General's ...
Read More »The People vs. Equifax
As the aftermath of Equifax's data breach is in full effect, the credit reporting company is quickly facing investigations. ClassAction.com has already filed a lawsuit on behalf of the estimated 143 million consumer records affected by the Equifax data breach. ...
Read More »Mortgage Industry Springs into Action for Irma
Hurricane Irma, the biggest hurricane recorded in the Atlantic Basin, hit the Florida Keys Sunday morning leaving a path of destruction behind it. Many in the mortgage industry have stepped in to help.
Read More »FSBO Sellers: Is it Worth it?
To determine if for sell by owner listings provide more benefits, Trulia’s Housing Data Analysts reported where these listings are the most common and how they differ from agent-listed properties in price and DOM. Nationally the data reveals that FSBOs are ...
Read More »Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries.
Read More »States Examine Hardest Hit Funds
Hardest hit programs in Michigan and Indiana are in a pinch, with one state nearly out of funds and the other under fire for misuse of those dollars. Which state is which?
Read More »Seneca Sells Off $51 Billion in MSRs to Wells Fargo
Wells Fargo is acquiring billions in MSRs from Seneca Mortgage, the bank announced today. We've got full details on the deal.
Read More »FEMA: Running Out of Funds?
The damages of Hurricane Harvey’s devastating effects on lives and homes are still being accounted for, and the threat of two more hurricanes quickly approaching has FEMA funds in jeopardy.
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