Federal regulators are warning the world to get ready for the next wave of problems in the banking world. Up to now banks have been struggling to deal with the piles of delinquent debt from earlier subprime lending to homeowners and the dozens of federal, state, and lender originated programs being proposed...
The Federal Reserve on Thursday announced that, in 2007, American ownership in their homes as measured by equity fell below 50 percent for the first time since records were first kept in 1945 . During the 2nd quarter of 2007 the central bank reported that homeowners' equity slipped to a downwardly revised...
Two mortgage industry groups have weighed in on the new mortgage regulations proposed earlier this week by the Federal Reserve Board of Governors (FRB.) The first, a major critic of regulatory efforts to end predatory lending, was critical of the proposed regulatory changes announced by the FRB on Tuesday...
If you are getting a little muddled by the number and variety of reports about mortgage interest rates, home sales, homes prices, and so forth that we report here, please believe they are not as confusing as they appear. These are among dozens of reports issued monthly, quarterly, and annually on the...