House Republicans claim the CFPB violated federal law, which may put Director Richard Cordray’s job in jeopardy.
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The same day a new administration moved into the White House, a planned cut to mortgage insurance rates was indefinitely shelved.
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Donald J. Trump was sworn in as the 45th President of the United States on Friday, while the nation—and the industry—listened in closely as he promised to rebuild the economy by putting American people first.
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Both Fannie Mae and Freddie Mac say they have made foreclosure prevention, specifically keeping families in their homes, a priority since the foreclosure crisis peaked six to seven years ago.
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Higher home prices mark a continual trend in the market as supply struggles to meet demand. The decision of whether to rent or to buy depends on several constantly changing factors.
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Many analysts were predicting that mortgage interest rates would rise up into the 4.5 percent to 5 percent range by the end of 2017. But since the start of the year, they are headed in the other direction.
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New data shows a considerable drop in the number of homes available for purchase, as well as a significant year-over-year increase in home prices.
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The industry veteran will be brought in to oversee the development and running of the company’s marketing strategy.
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Former IndyMac and OneWest executive Steve Mnuchin appeared before the U.S. Senate on Thursday during a tense, testy hearing.
The post Mnuchin Finds Allies, Faces Fire in Senate Hearing appeared first on DSNews.
WASHINGTON – American Indian tribes are building more housing units after enactment of the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) but housing conditions are substantially worse among American Indian households than other U.S. households.