Daily Dose

HUD announced an agreement Wednesday with South Carolina-based First-Citizens Bank & Trust Company, resolving racial discriminatory lending allegations. See what the bank told MReport regarding the agreement.

It seems homeowners in the Rust Belt region, which stretches from New York through Indiana, have the most to worry about when it comes to their mortgage payments–at least according to Zillow’s Negative Equity Report released this morning.

As older Americans enter into retirement age, they are pressed with the question of staying in their home, borrowing against their home, or opting out of homeownership for renting.

While some housing markets have since climbed their way back up to reach new peaks, others are still struggling to reach their previous highs.

A drop in first-time homeownership in the U.S., due to the lack of affordable housing, has given single-family rental (SFR) securitizations a credit positive boost.

Fannie Mae’s Home Purchase Sentiment Index (HPSI) had its best month ever in May, two months after hitting a speed bump.

Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, on Tuesday morning announced the GOP’s much-anticipated and much-talked about proposed alternative to Dodd-Frank, entitled the Financial CHOICE Act.

The CoreLogic Home Price Index is still climbing, with single-family gains in April up nearly 2 percent over March numbers and 6 percent up from a year ago, according to the company’s latest HPI report.

With Donald Trump having all but sewn up the Republican party nomination for the November presidential election, the attention has been focused on the two Democratic candidates, Hillary Clinton and Bernie Sanders, leading up to Tuesday’s primaries in California and five other states.

Federal Reserve Chair Janet Yellen said Monday that the central bank will raise the federal funds rate when economic outlook uncertainties clear the air.