As widely predicted, the Federal Reserve issued its tenth consecutive rate hike, this time enacting a quarter-percent increase. Rates are now in the 5%-5.25% range, marking the first time since September 2007 that rates went above 5%. The central bank’s policymaking...
The fintech sector is going to experience a sixfold increase in revenues over the next seven years, according to a new report by Boston Consulting Group (BCG) and QED Investors. The report, “Global Fintech 2023: Reimagining the Future of Finance,” is forecasting a...
Farm sector debt tied to real estate is expected to be at a record high of $375.9 billion this year, according to data from the U.S. Department of Agriculture’s (USDA) Economic Research Service. The new data report noted that farm sector real estate debt has on the...
MBA Education, the education division of the Mortgage Bankers Association (MBA), announced it would introduce the Residential Educator of the Year Award at its 2023 Annual Convention and Expo, which will be held October 15-18 in Philadelphia. “The Residential Educator...
A coalition of fiscal officers from 27 state governments called President Joe Biden and Federal Housing Finance Agency (FHFA) Director Sandra L. Thompson to jettison the new mortgage fee increases that went into effect today. In a letter to Biden and Thompson, the...
The Consumer Financial Protection Bureau (CFPB) has proposed a rule to implement a Congressional mandate to establish consumer protections for residential Property Assessed Clean Energy (PACE) loans. According to the CFPB, the proposed rule would require lenders to...
Ex-Massachusetts Real Estate Executive Sentenced for Tax Fraud and Obstruct…
