Source: Bloomberg — U.S. home prices soared the most in 15 years, with low mortgage rates and a scant inventory of properties to buy fueling a tight housing market. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 12% in February...
Source: Scotsman Guide — Two West Coast legislators have introduced a new bill providing a refundable tax credit of up to $15,000 for first-time homebuyers, potentially fulfilling one of President Joe Biden’s campaign promises. Rep. Earl Blumenauer, D-Ore., and...
Source: CNBC — Federal Reserve Chairman Jerome Powell said he does see some froth in “equity markets” and other places, but sought to attribute the conditions to factors beyond the central bank’s accommodative policy. Read...
Source: Housing Wire — Following an incredible year for refinances that mostly benefited wealthier borrowers, the Federal House Finance Agency announced it is implementing a new refi product that targets low-income borrowers with single-family mortgages backed...
Source: CFPB — WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022. The CFPB is taking this action to help...
America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?
