The National Association of Federal Credit Unions, which represents federal credit unions, shared some of the pain points credit unions continue to deal with, while noting that consumer demand at credit unions is up year-over-year.
Read More »Where High Net Worth Individuals Live–And Why You Can’t Live There Too?
If affordable housing is your goal, there is a strange corollary between what cities are considered costly and which real estate markets house the nation’s wealthy.
Read More »High-LTV Lending Dominates FHA & VA Programs
According to Black Knight Financial Services, Inc., latest Mortgage Monitor Report, high LTV purchase originations rose 20 percent in the third quarter of 2015, compared to the 13 percent increase in the purchase market overall.
Read More »Kroll Releases Formula for Rating Private Mortgage Insurers
Kroll Bond Ratings Agency is ready to offer complex ratings to help investors understand the stability of private mortgage insurers.
Read More »What Will be the Top Real Estate Markets of 2016?
As we prepare to enter into 2016, one can only wonder what the next year will bring in terms of housing. One thing is for sure though, the picture will look completely different as hot markets begin to cool down.
Read More »Housing Markets Reap Benefits From Recovery With Rising Prices
The report showed that mid-sized metros experienced some of the largest price increases in the country, while larger metros saw home prices decline.
Read More »Housing Markets Show ‘Moderate’ Improvement in Most Fed Districts
Rising home sales in seven of the Fed’s 12 districts—Boston, New York, Philadelphia, Cleveland, Richmond, Chicago, and Kansas City—were largely responsible for the Fed’s reports of moderate growth in housing markets.
Read More »Justice Department Settles Mortgage Lending Discrimination Suit With Bank
The Justice Department recently announced a settlement agreement to resolve allegations that a Lowell, Massachusetts-based bank practiced discriminatory lending based on race and national origin.
Read More »Construction Spending Highest Since Start of Recession
Construction spending in the U.S. rose to the highest level since December 2007 in October 2015, when the recession had just began.
Read More »CitiGroup Investors File Multi-Billion Dollar Suit Over Toxic RMBS
A group of Citigroup Inc., investors recently filed a lawsuit against the bank, with the allegations that the bank failed to address problems related to toxic residential mortgage-backed securities.
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