In yet another indication of America’s housing strength, homes with negative equity are falling
The current system, the GOP lawmaker says, “cannot be salvaged”
The number of people quitting their jobs has hit a seven-year high and it could be a good thing.
Is the housing market so frail that it could be demolished by higher mortgage rates?
The group is calling on regulators to investigate alleged pro-foreclosure campaigns that they claim have been launched by several Wall Street giants.
Quicken Loans seems to think so as it is suing the DOJ and HUD. The lender said it had no choice after the DOJ demanded it “make public admissions that were blatantly false, as well as pay an inexplicable penalty or face legal action.”
While the regulator is making changes to financial and operational requirements of PMIs, it is leaving g-fees alone.
A federal judge has ruled that the bank’s denial of modifications were in breach of a 2010 settlement involving adjustable-payment mortgages.