"It's a fairness issue," says the acting director
Americans will likely spend almost double that amount on home renovations
Americans may be spending more time shopping for clothes than a mortgage according to a new report from the regulator, which also released a new "unbiased" tool to help consumers shop for a mortgage.
In an effort to limit the American taxpayer's liability, Freddie Mac has announced it has obtained the first of three insurance policies this year designed to cover the remaining credit risk associated with STACR deals from 2014.
The former American Capital Mortgage Investment vice president joins the California-based lender.
Pending home sales slightly improved in November and are above year-over-year levels for the third straight month, something Lawrence Yun, chief economist at the National Association of Realtors, says is due to buyers' confidence in the economy.
In an effort to squeeze out origination costs, this lender said it wants to keep the entire mortgage lending process online. Could this be the future of mortgage lending?
In yet another settlement, the largest U.S. bank has reached an agreement regarding the sale of almost $18 billion in shoddy mortgage securities it sold during the financial crisis.