Top lawmakers are clashing over whether overregulation is overhyped – and things are getting nasty
Sales exceeded year-ago figures, but were still the second lowest of 2017
In a heated, four-hour hearing, Congress grilled the FHFA director over his agency’s efforts to help more people obtain a mortgage. The GOP fears new housing policies will lead to another crash while Democrats say they are necessary.
Although home prices are rising faster in urban neighborhoods, population is growing faster in suburban neighborhoods. Consumer preferences and the aging of the population are tailwinds for suburban growth; so are falling oil prices if they stay low long-term.
With the addition of three new managing partners, Bayshore Mortgage Funding has launched a reverse mortgage division.
The first wave of homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window: millions more are expected to follow.
Ocwen has denied accusations that the company's practices created defaults on $82 billion of home loans and said the allegations are baseless.
The national banks will pay $2.7 million for allegedly foreclosing on homes they didn't have a right to foreclose on.