Mortgages, the largest component of household debt, increased in the first quarter due to the year-over-year uptick in originations.
Read More »Chase Ramps Up Consumer Relief Efforts
An independent monitor reported on Thursday that JPMorgan Chase is about 97 percent of the way toward fulfilling its consumer relief obligation under the $13 billion RMBS settlement reached in November 2013.
Read More »A Contrasting Financial Picture 7 Years Post-Crisis
The Federal Reserve Board found that American families experienced continued mild improvement in their financial well-being in 2015, but many families were struggling financially and felt excluded from economic advancement.
Read More »Top 5 Stable Housing Markets in the U.S.
Housing markets in metros all over the country are improving and many metros are making their way back to their benchmark ranges, according to an index from Freddie Mac.
Read More »Fairholme: Status Quo Makes Another Bailout ‘Inevitable’
The Net Worth Sweep, or the sweeping of all Fannie Mae and Freddie Mac profits into Treasury, has been under more intense scrutiny as of late.
Read More »Coalition Pushes for Stricter Wall Street Regulation
A group of progressives who believe that Wall Street is not regulated enough has organized a coalition in hopes of getting stricter rules passed.
Read More »Ocwen Cleared of RMBS Investors’ Allegations
What exactly did a year-long analysis of Ocwen's servicing operations from an independent consulting firm reveal?
Read More »Clinton Dredges up Trump’s Crisis Comments
The two presumptive presidential candidates have engaged in a war of words over the housing crisis, with one candidate accusing another of being excited about the prospect of making money off of millions of families losing their homes.
Read More »Housing Shortage Fueling Rapid Price Increases
Fewer homes for sale over the past year have driven prices up faster than expected, according Zillow’s latest Real Estate Market Report.
Read More »FHFA Dives into Diversity and Inclusion
For Melvin L. Watt, Director of the Federal Housing Finance Agency, diversity and inclusion in the mortgage and lending arena is “a business imperative” that goes far beyond political correctness and statutory obligations outlined in the Housing and Economic Recovery Act of 2008.
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