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...
August is winding down, and investors and financial gurus – not to mention the little guys holding residential mortgages – are warily eyeing the advent of “Septaper.” the media’s dreadful new name for the Federal Reserve’s promised drawing down of its massive mortgage...
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...
It’s been nearly five years since the housing market suffered its catastrophic collapse, and new mortgage fraud charges are still being filed against the big banks responsible for most of the disastrous subprime mortgages and the widespread foreclosure abuses that...
