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
As the auction market at the courthouse steps for trustee sales has gotten more and more crowded, many investors are starting to turn their attention to the short sale market. The increased competition is causing prices to be bid up to levels where reward no longer makes as much sense as it once did for auction buyers.
Employment by mortgage lenders grew for the third straight quarter despite the elimination of thousands of jobs at some of the nation’s largest lenders, according to the 2012 Mortgage Employment Index from Mortgage Daily.
One of the challenging parts of analyzing any major economy, especially one as complex as the one at home, is realizing that seemingly unrelated trends in one sector can speak volumes about what’s unfolding in another. Investors are chomping at the bit for signs of stabilization in the housing market, and with an ongoing recession it’s understandable that we’re all afraid of fiscal mirages. However, even with the looming fiscal cliff, are there indications that the housing market will continue turning the corner?
Mortgage Rates are quite low. In fact locking-in a 30 year fixed rate mortgage around 3.5% is pretty common these days.