Government

Construction spending in the U.S. rose to the highest level since December 2007 in October 2015, when the recession had just began.

With one last opportunity to raise rates this year, many believe that the the Federal Open Market Committee just may follow though with an obscure promise made in the last meeting in October. The Collingwood Group Chairman Tim Rood debated the possible rate hike in December and other topics on Fox Business Network’s Cavuto.

So how adversely does student debt affect consumers' ability to get a mortgage loan? A report from the Federal Reserve Bank of Cleveland released Monday showed that as the percentage of younger consumers with student loan debt rose over the last ten years, those with a mortgage declined.

One of the enduring criticisms of the Dodd-Frank Wall Street Reform Act of 2010 is that it codifies “too big to fail” and allows the government to continue to financially rescue firms that are deemed systemically important.

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.

The Federal Housing Finance Agency announced Wednesday that Freddie Mac and Fannie Mae's maximum conforming loan limits will be largely unchanged in 2016, except some higher-priced counties.

Home prices nationwide rose 1.3 percent in the third quarter due to historically low interest rates, tight inventories, confident buyers, and higher incomes.

According to the Federal Housing Finance Agency third quarter Refinance Report, a total of 25,824 HARP refinances were completed between July and September, down from the 31,561 refinances completed from April to June.

The Federal Housing Finance Agency announced Tuesday that interest rates on conventional purchase-money mortgages fell even further below 4 percent in October.

According to Freddie Mac, in the five year-period between 2008 and 2013, the cost of servicing a performing loan increased 2.6 times (from $59 to $156).