The transaction is the second-largest in the company's history
The group says that the CFPB's claim that it lacks authority to ensure MLA compliance is categorically false
Last month the bank announced plans to allow borrowers to buy homes with as little as 3% down, but now it says different. Meanwhile, some specialized nonbank companies step in to fill the void.
Two of the nation's biggest banks have agreed to pay millions to settle a suit over their role as trustees for shoddy mortgage bonds
Institutional investors are slowing down purchases of homes amid increasing prices, leaving more room for traditional buyers.
The increase was the lowest since November 2012 and is another indication that lending standards need to be loosened, says Shirmeyer.
Tomorrow the Fed will begin its two-day FOMC meeting that is expected to put an end to its bond-buying program, but America’s weak economy may give officials pause.
Uncertainty dominates the stock markets, and industry expert David Shirmeyer suggests locking all loans now.