At its September meeting, the Federal Open Markets Committee announced it will begin reducing its $4.5 trillion portfolio of bonds purchased during the global financial crisis, as soon as October of this year.
News Headlines
Sep
25
2017
Fannie Mae and Freddie Mac’s Uniform Closing Dataset (UCD) requirement deadline of Sept. 25 is mere days away. To recap...
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As well as impacting the salability of loans, non-compliance will be expensive. Understandably, lenders will have concerns about challenges they might face in meeting UCD requirements through their existing loan origination systems.
Sep
25
2017
During the aftermath of the Great Recession, the Federal Reserve kept its key interest rate near zero for several years...
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The Federal Reserve has already raised interest rates four times in the past two years, but one leader within the organization—San Francisco President, John Williams—thinks that we’ve only reached the halfway mark, according to CNN Money.
Sep
25
2017
The answer is simple: Equifax has no reason to care about consumers. Equifax’s customers are businesses, not consumers...
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The Equifax data breach has left millions of consumers bewildered and concerned about whether they will become victims of identity theft.
Sep
25
2017
Fed economists are proposing a new kind of 30-year, no-down-payment mortgage that features a fixed monthly payment.
The...
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Rents keep skyrocketing, making it harder for people to save enough money to make a down payment on a home.
Sep
21
2017
After weather calamities, fraudsters — also known as "storm chasers" — exploit the severe strain on insurance companies...
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Insurers are strapped from twin disasters like Hurricanes Irma and Harvey. It's not uncommon for unscrupulous individuals to exploit the situation. Be wary of common fraud signals, and document all damage and communications closely.
Sep
21
2017
Industry sources say such a big gap between purchase price and appraisal is virtually unheard of. Why it came to be is...
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Appraisers valued the property’s office portion alone at $2 billion at the time of the acquisition, according to a bond prospectus reviewed by The Real Deal.
Sep
21
2017
With so many foreclosed and even abandoned houses available for pennies on the dollar following the crisis, Invitation...
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Regulators have asked Blackstone subsidiary Invitation Homes, one of the largest US landlords, to provide information on how it values homes that end up bundled into mortgage-backed bonds.
Sep
21
2017
This quantitative un-easing could have major consequences to the housing market as nearly 40% of the portfolio is made...
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At its September meeting, the Federal Open Markets Committee announced it will begin reducing its $4.5 trillion portfolio of bonds purchased during the global financial crisis, as soon as October of this year.
Sep
21
2017
"Applications decreased as Treasury yields rose 11 basis points over the week with news of higher than expected...
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Total mortgage applications fell 9.7 percent last week. Applications to refinance a home loan and purchase a home fell sharply.