It's hardly the "dismantling" the president touted in his campaign, but the new law does ease mortgage requirements for community banks
Overall applications slip as interest rates keep climbing
The U.S. Senate has approved a bill that includes deductions for mortgage insurance premium interest and tax relief on forgiven mortgage debt.
A U.S. credit union regulator has filed a lawsuit claiming the banks sold $5.8 billion in securities to five corporate credit unions that later failed after the products lost value.
President Obama signed an act this week that included HUD’s new budget and delayed a program that would have saved borrowers hundreds a year.
As many experts have pointed out, mortgage credit is too tight and a new report suggests the uncertainty around servicing delinquent mortgages may be to blame.
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The failed tests include sending pre-foreclosure letters to borrowers and notifications to people seeking mortgage modifications.