The bank's profits, loans and deposits all shrank last quarter – while operating expenses skyrocketed
Foreclosure starts increased in 40% of metro areas analyzed by ATTOM
More than 100 forecasters in a national survey said they expect the home values to reach an average of 5.4 percent year-over-year and that current Federal Reserve policies post some risk of re-inflating the housing bubble.
Bank of America and Wells Fargo may be headed back to court in New York. According to a news item on CNBC, the New York Attorney General is preparing a lawsuit against these two heavyweight mortgage lenders for multiple violations of the historical National Mortgage Foreclosure Settlement Agreement of 2012.
The United States economy has a long way to go even as home values rise and the job market improves.
Public officials and housing analysts are closely watching President Obama's pick to lead the Federal Housing Finance Agency (FHFA), particularly with regard to the future stance on mortgage forbearance and principal reductions of home loans guaranteed by the U.S. government.
The USDA Rural Refinance Pilot program, launched in February of 2012, has drawn criticism from mortgage originators who say there is no profit to be made from the loan.
Investors may be snapping up the sparse number of homes on the market, but close realtor relationships and savvy personal, customer service skills can be the ticket to helping financed borrowers win over a cash buyer.