The banking giant has paid almost all of the $7 billion in consumer relief it owes as part of a settlement with state and federal authorities over shoddy mortgage bonds
Steve Mnuchin, President-elect Donald Trump’s nominee to head up the Treasury Department, will resign his role on the board of commercial banking company CIT Group
Less than 24 hours after the House passed its version, Senate approved the bill, which provides crucial framework for commercial mortgages.
The unemployment rate continues to decline, but wage gains are lagging behind the pace of employment growth with the majority of jobs at the low end of the pay scale.
In his speech today on housing in Arizona, the President addressed new housing initiatives, including lowering FHA rates, winding down Fannie and Freddie and continuing to crack down on shoddy lending practices.
Many in the industry have praised the move to lower premiums, but some remain skeptic about how much of an impact the cut will have on the housing market.
The employee secured the position at HUD despite a criminal record that spanned over two decades.
According to the latest CoreLogic report released today, overall U.S. negative equity share declined $10.2 billion during the third quarter.