Federal Reserve Chair Janet Yellen said Monday that the central bank will raise the federal funds rate when economic outlook uncertainties clear the air.
Read More »Builders Call for Regulatory Reform to Lower Housing Costs
Heightened regulations in the housing industry are hindering affordable housing in the U.S., and home builders believe it is time for a change.
Read More »Did the Jobs Report Bring Good Housing News?
The nation’s unemployment rate took a tumble from April to May—but did the jobs report really bring good news for the economy and for housing? Not exactly.
Read More »Mortgage Round-Up: Rates, Applications Move in Opposite Directions
This week, mortgage rates trended up while applications declined as the Federal Reserve sent out large signals that a rate hike is imminent in June, but Friday's employment report could completely derail those plans.
Read More »FDIC Reaches RMBS Settlement with Eight Institutions
The FDIC has filed a total of 19 RMBS lawsuits on behalf of eight institutions seeking damages for violations to federal and state securities laws.
Read More »How Lenders Should Approach VA Loans
Joe Murin, who is on the Board of Advisors at NewDay USA, sat down with MReport to discuss how lenders can attract veterans to VA loans and ensure their financial stability in the process.
Read More »Housing Advocates to FHFA: GSEs Need to Rebuild Capital
Housing finance reform is once again taking center stage as several industry stakeholders have sounded off on the topic, stressing the importance of protecting taxpayers and the mortgage industry in general.
Read More »First Mortgage Settles SEC RMBS Fraud Charges
California-based First Mortgage Corporation, a lender that issued Ginnie Mae RMBS backed by loans it originated, has agreed to pay $12.7 million to settle fraud charges brought on by the SEC.
Read More »Are Current Home Prices Sustainable?
Home prices have entered into peak levels not witnessed since 2006, causing a growing concern in the industry about the long-term sustainability of current home prices.
Read More »Construction Spending Takes a Tumble
Just when the industry was beginning to feel hopeful about more dollars being poured into the construction sector, spending in this area reversed course.
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