Congress has taken note of the rise of companies that utilize technology to make financial services more efficient, or fintechs as they have commonly become known, and their increasing role in the financial services market.
Read More »How Much is the Average Down Payment These Days?
For most Americans, the largest obstacle to achieving the American Dream of homeownership—particularly for first-time buyers—is still saving for a down payment.
Read More »Foreign Troubles Create Robust Buyers’ Market In U.S.
Recent international market blockbusters like China’s slowing economy and the U.K.’s decision to leave the European Union were significant enough for Freddie Mac to revise what it had expected to happen in the U.S. economy.
Read More »Gap Widens Between Homeowners’ and Appraisers’ Opinions
Home valuations across the country are on the rise, but so are homeowners’ perceptions of what their homes are worth—at a slightly higher rate.
Read More »OCC: Compliance Risk Remains High
The banks' regulator said that complying with TRID, which went into effect on October 3 last year, is still a challenge.
Read More »Share of Student Loan Debt-Laden Borrowers Rising
Recent reports saying that borrowers burdened with student loan debt are having a hard time attaining homeownership. Those reports may be exaggerated, however.
Read More »Lawmakers Question Effectiveness of FHFA’s IG
Senators Chuck Grassley and Ron Johnson want more information on recent changes made to the FHFA watchdog's organizational structure and finances.
Read More »Will Increased Earnings Mean Good News for Housing?
The New York Fed showed that consumers’ earnings and income growth expectations rebounded while medium-term inflation expectations rose in June. What could this potentially mean for housing?
Read More »Lower-Wage Earners Spend Larger Share on Mortgages
Low mortgage rates may be enticing new homebuyers, but according to one report, not everyone is able to easily keep up with their payments.
Read More »The Week Ahead: Non-Bank SIFI Process Under Microscope
The process by which the Financial Stability Oversight Council, an agency created by Dodd-Frank, designates non-bank firms as "systemically important financial institutions" will be examined in a Congressional hearing on Thursday, July 14.
Read More »