The Consumer Financial Protection Bureau Wednesday disclosed key details about how its examiners will size up mortgage companies that aren’t banks but still offer home loans to consumers, noting it will be leaning on other regulators for help as it embarks on the enormous task of reviewing thousands of nonbank lenders. The details are crucial …
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I enjoyed reading this article by the editor of DSNews.com, and thought you might too: CEO’s Corner: A New Year for Our Industry With a New Year comes new challenges for our industry – and the promise of a better tomorrow. For homeowners. For our economy. For our nation. As it does for many Americans, …
Fixed mortgage rates started the year at or near their all-time record lows, according to market data published by Freddie Mac Thursday. The GSE reports the interest rate on a 30-year fixed mortgage averaged 3.91 percent (0.8 point) for the week ending January 5, 2012. That’s down from 3.95 percent the previous week and matches …
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The real estate market meltdown was much more severe and has lasted much longer than even the most bearish housing market observer would ever have predicted. Rather than values taking a dip, they’ve taken a double dip in many places; and the housing sector drama has infected the job market and the entire world’s economy. …
Continue reading ‘Five bright spots in real estate recession’ »