The Federal Reserve’s decision to postpone – indefinitely – the planned taper-down of its massive mortgage securities buyup is good news for the hard-hit housing industry the stimulus plan was designed to help. But even as mortgage interest rates will likely remain...
Remember “Septaper” – that awful sobriquet for the Federal Reserve’s planned taper down of its asset-buying stimulus plan? After months of hinting that led up to an expected draw down in September 2013, the Fed pulled an about-face, announcing that the plan will roll...
The story flies in the face of conventional wisdom about home ownership. A Washington DC homeowner loses his fully paid for home — with all its accumulated equity – all because of an unpaid property tax bill totaling just $134. That’s the world of tax lien sales – a...
It’s been three years since the Dodd Frank Act became law, but the legislation – intended to head off another crisis in mortgage backed securities – is still evolving, as bank regulators and lawmakers try to shape the Act’s broad provisions into specific rules 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...
