Weakness in the bond market generally means higher mortgage rates. Today was no exception. A key economic report on the manufacturing sector was much stronger than expected. Bonds lost ground as a result and mortgage lenders were forced to set rates higher than Friday’s latest levels. But the caveat is that the average lender was […]
Mortgage Rates Only Modestly Higher Despite Bond Market Weakness Read More »
The Consumer Financial Protection Bureau wants to make it more difficult for Americans to file complaints against the three major credit repositories, the National Consumer Law Center alleges. Processing Content This effort could carry over to other products covered by the complaint portal, the organization added. “Last year, consumers filed nearly five million complaints with
CFPB accused of siding with credit bureaus on complaints Read More »
The Securities and Exchange Commission appointed a new chair and set of board members Friday to the Public Company Accounting Oversight Board. Processing Content It named Demetrios “Jim” Logothetis as chairman, and Mark Calabria, Kyle Hauptman and Steven Laughton as board members. PCAOB acting chair George Botic will continue as acting chairman until Logothetis is
SEC names Mark Calabria to PCAOB board Read More »