The National Association of Credit Unions (NACU), with the support of Representative Bill Posey (R-Florida) and Denny Heck (D-Washington) reintroduced a bill that would require the National Credit Union Association to initiate a study on capital requirements for credit unions before finalizing the final risk-based capital rule that is scheduled to go into effect on the first of January 2019.
Read More »How Equifax Could Change Arbitration
The recent Equifax breach of data of over 143 million American consumers via efforts by hackers could have breathed new life into the Consumer Financial Protection Bureau’s (CFPB) recent anti-arbitration clause, according to a report by the Los Angeles Times. ...
Read More »Housing Market Remains Strong: Great Time to Sell
Fannie Mae released its August 2017 National Housing Survey on Tuesday, which showed that overall confidence on the housing market is on the rise despite a decrease in job confidence and wage growth.
Read More »Drilling into Foreclosure Data
Delinquency rates are at a 10-year low, according to July’s CoreLogic Loan Performance Insight Report. See how low they’ve dropped, and other factors that could be boosting the economy.
Read More »Foreclosure Proceedings Limited
A regional supreme court ruled that foreclosure proceedings are limited to one attempt, according to a report. See the details of the ruling here.
Read More »Freddie Mac: Unaffordability Everywhere
Affordability is down for both homeowners and single-family rentals, according to data released by Freddie Mac. The GSE also announced measures to help make mortgages more affordable for borrowers with high loan-to-value ratios.
Read More »Cleveland Federal Reserve: Be Careful with Rate Hikes
The President of the Cleveland Federal Reserve, Loretta Mester, offers advice on monetary policy, interest rate hikes, and an outlook on the economy in an official statement.
Read More »An Economist’s Perspective on Harvey
In the aftermath of Hurricane Harvey, and the looming threat of Hurricane Irma and Jose, CoreLogic’s Chief Economist Frank Nothaft discusses the implications of natural disasters on the housing market.
Read More »Otting, Quarles, Confirmed by Committee Vote
The Senate Committee on Banking, Housing, and Urban Affairs held a vote to push Joseph Otting, nominated to be Comptroller of the Currency, and Randal Quarles, nominated to the Board of Governors of the Federal Reserve, to a full Senate confirmation. Both men were approved by the committee.
Read More »Immigration Reform’s Effect on Housing
President Donald Trump announcement on Tuesday that he will end the Deferred Action for Childhood Arrivals immigration policy, sparking a larger conversation about immigration reform, but what does that mean for the housing industry?
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