Deflation is a terrible economic scourge and with inflation running at half of the Fed's target small changes can put the economy on the wrong side of this issue. Right now, the Federal Reserve's voting members appear to be changing their bias to protecting against this as the economy appears to be losing steam and federal stimulus begins to fade.
Friday, July 30, 2010
CQPolitics.com - The House passed legislation Friday to give the Federal Housing Administration flexibility to raise mortgage insurance premiums on the loans it guarantees.
Friday, July 30, 2010
CQPolitics.com - The House passed legislation Friday to give the Federal Housing Administration flexibility to raise mortgage insurance premiums on the loans it guarantees.
Friday, July 30, 2010
U.S. News & World Report - The reverse mortgage industry, hammered for high fees and high pressure sales tactics, has steadily improved its procedures and its image. Loan fees and interest rates have been lowered, consumer disclosure has improved, and the federal government's insured reverse mortgage program has provided stability and credibility to the industry. A-list lenders have expanded their presence in the market; Wells Fargo and Bank America are the nation's top two reverse mortgage lenders.
Thursday, July 29, 2010
AP - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges.
Wednesday, July 28, 2010
Reuters - The economy kept growing overall in recent weeks, but unevenly and it actually slowed in a few regions as housing markets softened after the end of a popular tax break, the Federal Reserve said on Wednesday.
Wednesday, July 28, 2010
Reuters - Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.
Wednesday, July 28, 2010
Reuters - Mortgage loan originators will have to be fingerprinted and sign up to a central registry to do business in future, according to final rules issued on Wednesday by the Federal Reserve and other regulators.
Monday, July 26, 2010
AP - Federal regulators have banned eight individuals and companies from selling services to help troubled homeowners avoid foreclosure, part of settlements to charges that they used deceptive advertising to lure customers.
Monday, July 26, 2010
AP - Federal regulators have banned eight individuals and companies from selling services to help troubled homeowners avoid foreclosure, part of settlements to charges that they used deceptive advertising to lure customers.
Friday, July 30, 2010
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