Applications and rates jumped preceding and following the announcement of the Fed rate hike.
Read More »Who Could Feel HUD Budget Cuts the Most
President Trump’s plan to cut over $6 billion in funding to HUD. Who would these cuts hurt the most?
Read More »Down Payment Assistance Programs are Not a Problem
Claims from the HUD Office of the Inspector General that down payment assistance programs are harmful may be mistaken.
Read More »Goldman Sachs Keeps Buying Fannie Mae Loans, Why?
The company recently purchased about 8,000 loans with unpaid balances of $1.4 billion from Fannie Mae.
Read More »OCC Expands Banking Charters to FinTechs
The Office of the Comptroller of the Currency released a draft supplement on Wednesday which adds additional info to the existing Licensing Manual.
Read More »Trump Determines the Future of HUD
The president plans to reduce spending in nearly every department, including the Department of Housing and Urban Development, and move the difference into defense spending.
Read More »Bankruptcy Filings on the Rise
The number of bankruptcy filings nationally rose in February, according to the February 2017 Bankruptcy Trends report by Epiq Systems. Overall, Epiq reported 58,336 national filings last month. That’s up from 54.574 filings in January.
Read More »Foreclosures Drop Nationally, Some States Can’t Keep Up
Though foreclosures are dropping nationally, 10 states and the District of Columbia experienced increases in foreclosure activity.
Read More »Trump Names New Finance Officials
Reports suggest the two new officials will preside over a review of the Dodd-Frank Act.
Read More »Wells Fargo and Others Settle 9 Year Suit
The class action lawsuit settled on Wednesday charged NovaStar, RBS, Wells Fargo, and Deutsche Bank with misleading investors into believing the securities they bought were safer than they proved to be.
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