Consumers ran into three major problems with the way their loan is being serviced, according to the CFPB's latest monthly consumer complaint snapshot.
Read More »The Bigger Picture of Mortgage Diversity & Inclusion
In an industry that is so male and white-focused, women and minorities are often passed over for well-deserved positions and promotions, but this idea is being reshaped and redefined right before our eyes.
Read More »Are Slow Home Price Gains Signaling Market Stabilization?
Home prices are still rising due to buyer demand and low inventories, supported by low mortgage rates, eased lending standards, and improving job markets, but they are doing so at a much slower pace.
Read More »Risky Business—Fed Agencies to Alter Bank Compensation
Financial industry regulators are seeking comment on a proposed rule that would implement Section 956 of the Dodd-Frank Act and change compensation structures and align banks’ incentives.
Read More »Got Capital? Banks Will Have to Prove It
Under a newly proposed rule, the largest U.S. banks will have to prove that they have enough cash set aside for business operations up to a year to lower liquidity risk among the institutions to reduce the chances of yet another crash.
Read More »Retirees Stuck in Buying vs. Renting Dilemma
Should retirees plan to buy a home or rent one once their working days are done? According to a newly released Rent vs. Buy Report from Trulia, that depends on the legacy they want to leave behind.
Read More »Minneapolis Fed To End ‘Too Big To Fail’
Minneapolis Fed president Neel Kashkari said that while he still believes some major banks are indeed too big to let die, TBTF itself runs the risk of laying the burden of financial risk back in the laps of taxpayers.
Read More »Where is Housing Headed Next?
With many analysts early in the year having predicted a robust spring season for the housing market, the question remains as to whether or not that will come to pass as spring is in full swing.
Read More »Single-family Home Sales Come Up Short
New single-family home sales fell short of expectations in March 2016, falling for the third consecutive month, according to data released Monday from the U.S. Census Bureau and HUD.
Read More »Lenders Need to Improve on These 3 Areas
Although most consumers indicate that they had a positive homebuying experience, despite a more time consuming mortgage process, they also called attention to three things that banks need to improve on.
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