HUD and the Federal Housing Administration are urging homebuyers to have their homes inspected prior to purchasing to avoid unanticipated issues.
Read More »FHA’s Proposed Servicing Reforms Limit Access to Credit
The Federal Housing Administration's proposed servicing reforms are limiting credit access to borrowers by altering the time frame for filing insurance claims.
Read More »Credit Union Association Airs Grievances With the CFPB’s Complaint Database
The latest organization to air a grievance about the CFPB's Consumer Complaint Database is the National Association of Federal Credit Unions, which wrote a letter to the Bureau saying that the Database "continues to have practical implications that undermine the complaint resolution process."
Read More »G20 Economies Growth Forecast Revised Downward to 2.8 Percent
The gross domestic product growth in the Group of Twenty economies has been revised downward for next year, according to a report from Moody's Investors Services released Friday.
Read More »Dodd-Frank Stress Test Process More Important than Results for Banks, Fitch Reports
The 2015 Dodd-Frank Act Stress Test process is viewed as more important than the actual results, in that it guides banks to understand capital and credit risk management within their respective institutions.
Read More »International Officials Urge Fed to Proceed With Rate Increase
International officials and bankers have voiced that they are tired of the hesitancy seen within the Federal Reserve when discussing interest rate increases.
Read More »Home Price Declines Riskiest in Oil-Producing States
As gas prices continue to decline, oil-producing states remain at high-risk for home price decreases, according to Fannie Mae's recent edition of Housing Insights.
Read More »FDIC Examines Changes in Reverse-Mortgage Regulations
Recent updates to reverse mortgage rules places borrowers' well-being first and helps with unanticipated issues, according to the Federal Deposit Insurance Corporation's Summer 2015 newsletter released Thursday.
Read More »Mortgage Interest Rates Rise Despite Hesitant Fed
Mortgage interest rates appear to be following a pattern of ups and downs, especially as consumers anticipate the Federal Reserve's rate hike.
Read More »GDP Growth Expands to 3.7 Percent for Second Q2 Estimate
Real GDP growth in Q2 is way up from a paltry 0.6 percent annual growth rate in Q1 and at 3.7 percent is now way ahead of forecasts for the remainder of 2015. But when all economic factors are considered, is the news all good?
Read More »