Mortgage fraud risk ended the second quarter at its highest level in over three years as issues related to undisclosed real estate debt and transaction misrepresentations had significant annual increases, according to Cotality. When compared with the first quarter, the Cotality Mortgage Application Fraud Risk Index rose by 1.4%, while jumping by 6.1% compared to […]
Mortgage fraud risk rising as housing market struggles Read More »
A lapse in the National Flood Insurance Program because of the US government shutdown threatens to snarl home sales in the nation’s riskiest floodplains and leave some homeowners without coverage in the middle of hurricane season. Without reauthorization, the program – which counts more than 4.7 million policies providing more than $1.3 trillion in coverage
Shutdown cuts off flood insurance program during storm season Read More »
Key insight: Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the way tariff price increases are being passed on to consumers could result in an unmooring of inflation expectations, potentially leading to more inflation — and higher interest rates — down the road. Expert quote: “While, in principle, tariffs are
Fed’s Barr skeptical that inflation has been tamed Read More »