Faced with a lawsuit and dozens of state enforcement actions, the embattled mortgage servicer is hitting back
Tightening inventory is causing the market to “miss its moment,” says one expert
In light of the most recent Senate Banking Committee hearing, Black Knight delved into the latest available data in order to quantify the scope of the principal reduction issue.
If you're looking for job security, HUD may be the place to be, according to data from the Office of Personnel Management.
However, the QM rule is continuing to dog lenders, overlays, documentation and DTI were the largest headwinds to the market, according to a survey conducted by NAR.
Rising home prices and stagnant wages have cemented a system where more and more household disposable income is going to housing, something that is unsustainable. Since 1975, home prices and inflation have continued to skyrocket, while real wage growth has remained mostly stagnant.
The United States Senate confirmed President Obama’s nomination of deputy secretary of HUD in a 68-28 vote on Tuesday.
Hardly any bankers have been prosecuted for their role in the financial crisis. Instead, prosecutors are continuing to settle with large financial institutions outside of the courtroom.