Morgan Stanley Chairman and CEO James Gorman said that the investment banking firm is “committed to addressing the Fed’s concerns about our capital planning process and fully expect to meet their requirements within the established timeframe.”
Read More »Fewer Millennials are Living Alone
The number of millennials living alone has been dropping for a decade, according to according to a recent report.
Read More »Housing Demand Reverses After Five Months of Gains
After five months on the climb, and while housing scarcity inflates, demand for housing fell off in May.
Read More »Obstacles Don’t Deter Optimism Toward Housing
The national U.S. housing market is sustainable, despite slower-than-expected household formations and the slowdown in energy sector jobs, according to a report.
Read More »Energy-Producing States Facing Housing Price Drops
Nationally, Arch MI put the risk of price declines at 5 percent, which is where it was in Q1. But some areas in the energy-extraction states remained at heightened risk and may experience slower growth.
Read More »Proposal Aims to Help Homeowners Build Equity
The goal of the BEAM Act is to help homeowners create wealth through building equity, reducing debt, and paying off mortgages sooner.
Read More »Monitor: Citi Makes Progress in Paying Settlement Debt
The bank agreed to pay $2.5 billion in consumer relief as part of a $4 billion settlement over RMBS in July 2014.
Read More »Low Rates Level Rapid Home Price Appreciation
Low mortgage rates are taming rapidly rising house prices and keeping homeowners from overleveraging themselves, according to Freddie Mac.
Read More »Bank Regulation: Is it for Better or for Worse?
Are the post-crisis liquidity regulations for banks helping the financial system, or will they lead to another crisis? it depends on whom you ask.
Read More »‘Center-City’ Housing is Making a Comeback
After decades of “hollowing out,” center-cities are becoming increasingly popular, according to the FHFA.
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