The banking giant’s top exec will appear before a Senate panel as the company continues to deal with the fallout of several scandals
Homeowner equity has doubled over the last five years as mortgage risk declined
Joseph Smith provides update on national mortgage settlement consumer relief distribution through Dec. 2012
The national homeownership rate ended last year at the lowest level since 1996. When adjusted for seasonal variation, the current homeownership rate (65.3 percent) was lower than the rate in the fourth quarter 2011 (66.0 percent) and approximately the same as the rate last quarter.