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
If you think your future self will regret a lost opportunity, do yourself a favor and seize the moment
However strange the facts may sound, Jesinoski v. Countrywide Home Loans case presents a scenario that has come up all too often in the aftermath of the financial crisis. And, the Supreme Court remains conflicted on which process borrowers need to follow if they want to cancel a mortgage under the Truth in Lending Act.
Real estate needs a pick-me-up, something of a surprise considering that home values remain below 2007 prices and mortgage rates continue to hover around 4%.What can we do to perk-up the housing sector? One answer might be help from the Federal Reserve.
A man who purchased a Cape Coral, Florida, home at an auction made an appalling discovery in his newly acquired property.
The latest senior loan officer survey reports majority of banks are still hesitant about residential lending, and specialized non-bank companies have been stepping in to fill the void. However, the group has started to ease up on commercial real estate lending standards.
October's unemployment rate declined to 5.8%, but job creation missed expectations. Meanwhile, increasing realization is spreading that the Fed and other central banks cannot heal all problems; a message that is way past due.