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
A former attorney has been convicted in a mortgage fraud scheme involving more than a dozen properties.
Last week the Department of Justice asked a federal judge to add a Wells Fargo exec to the fraud suit filed against the big bank more than a year ago.
The terms of JPMorgan Chase’s record $13bn mortgage-bond settlement with the government will undermine Washington’s efforts to move mortgage-market risk from taxpayers to private capital, according to the world’s largest money manager.
Delinquency rate also falls in October.
More than a dozen people have been charged in what federal prosecutors are calling a multimillion-dollar mortgage fraud scheme.
Commercial real estate is seeing modest but steady growth, but tight credit standards continue to slow recovery.