The president's recent criticism of the Fed could lead it to take more aggressive action on interest rates to prove its independence
Higher mortgage rates are expected to constrain origination volumes
Americans have been nervous to get back into commercial investments, and for good reason. The crash hurt more than a few wallets and investors are afraid the growth we’re seeing now is doomed to fail yet again.
A broker in New York has been sentenced to 70 months in prison for falsifying FHA mortgage insurance documents in order to close millions of dollars of loans from 2007 to 2010.
The number of completed foreclosures dropped to 55,000 in March 2013 from 66,000 in March 2012, a 16% drop year-over-year, according to real estate research firm CoreLogic.
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.