The Qualified Mortgage Rule won’t become official until 2014, but already federal regulators are proposing changes to its mortgage lending provisions. That’s a move hailed by housing industry professionals and advocates who feared that the Rule’s tighter lending...
Sixty-six billion dollars and canting. That’s how much the nation’s big banks have spent in the last three years on litigation in cases stemming from the 2008 housing meltdown as well as charges of later misconduct. And that total is likely to climb as federal and...
As new housing policy plans circulating in Washington plot the demise of Fannie Mae and Freddie Mac, the two mortgage lending giants are posting record profits. But according to a new report by the Federal Housing Finance Agency, which owns the two firms, those...
In a move reminiscent of feudal days, a California city is making a novel move on struggling homeowners that could affect the mortgage lending industry all over the country. In an effort to reduce the number of foreclosures in town, Richmond, CA is using its right of...
The pool of people choosing to rent rather than buy a home is growing, driven by changes in some key demographic groups such as retirees and millennials. But there’s another kind of renter, seen both at home and in expatriate communities abroad: people –...
