Modifying the popular deduction wouldn’t actually affect a majority of homeowners — but industry leaders are adamant that the MID is untouchable
Allied Home Mortgage Corp. and Allied Home Mortgage Capital, along with their CEO, have been slapped with multimillion-dollar penalties after a jury found them responsible for more than a decade of mortgage insurance fraud
Construction spending dropped to a seven-month low in March as public outlays recorded their largest drop since 2006, which could cause the first-quarter economic growth estimate to be trimmed.
Lowering credit score requirements for new borrowers isn’t likely to raise their overall risk profiles, according to industry stakeholders
The Consumer Finance Protection Bureau has approved changes to its remittance rules.
President Obama’s nomination of a Democratic congressman to head the Federal Housing Finance Agency has been met with mixed reactions
They are young, tech-savvy, debt-burdened, and cash-strapped. The entire American housing market economy depends on their participation, but the credit markets see them with apprehension.
The mortgage market will likely have a difficult time making its business model work around the giant student debt bubble growing in the United States, mortgage and real estate experts say.