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Treasury Secretary Steven Mnuchin started last week having dinner with the Queen of England as part of the entourage accompanying President Donald Trump to Buckingham Palace. A few days later, he made financial news by throwing cold water on plans…
Read moreHome price growth has clearly slowed down in recent months as the housing market cools after a near six-year hot streak. Now, a report released by Fitch Ratings this week details just how much the market has slowed, and predicts…
Read moreNew York State Senate and Assembly leaders have passed expansive changes to rent control laws that stunned the real estate industry. The state’s governor, Andrew Cuomo, has pledged to sign the bill before the existing, more moderate law expires on…
Read moreFor the last several years, much of the narrative surrounding the housing business has been focused on the digitization of the mortgage and home buying process. Seemingly every day, there’s another lender unveiling a digital mortgage process. And every few…
Read moreDepending on how you look at it, the wave of Millennial homebuyers is either already happening or may not happen at all. Either way, the face of the mortgage borrower is changing. It may not be changing as fast as…
Read moreReal estate on Nantucket Island, the Massachusetts beach resort that’s pricier than the Hamptons, matched a record in May as wealthy Americans prepared for summer. The volume of home sales jumped 48% to $62.7 million from $42.4 million a year…
Read moreTraders in futures markets are signaling a 22.5% probability of a Fed rate cut next week and an 86% chance of a cut at or before its July 30-31 meeting, according to CME Group. Economists polled by The Wall Street…
Read moreThe House Financial Services Committee passed a bill Wednesday that would limit mortgage insurance payments on loans backed by the Federal Housing Administration. The bill would repeal FHA’s policy that requires borrowers to pay mortgage insurance for the life of…
Read moreAfter months and months of uncertainty about whether the FHA is backing mortgages for Deferred Action for Childhood Arrivals recipients or not, HUD has finally given an official answer. And that answer is no. Click the headline for the full…
Read moreFHFA Director Mark Calabria stressed the need to remove the GSEs from conservatorship to lawmakers, outlining the reforms he views as necessary in his first annual Report to Congress since taking the helm at the agency. Here’s what he wants…
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