With mortgage rates sitting well above 6% for much of the last three years, nearly half of younger homeowners have struggled to make mortgage payments, an industry report finds. Processing Content Half of Gen Z homeowners and 44% of millennial homeowners were at risk of missing at least one mortgage payment over the last two […]
Gen Z, millennial homeowners struggle with mortgage payments Read More »
Assistant Attorney General for the Justice Department’s Civil Rights Division Harmeet Dhillon, pictured in 2023.Bloomberg News Processing Content Key insight: A $68 million-dollar settlement was heavily criticized because it failed to provide any restitution for thousands of victimized borrowers. What’s at stake: A federal judge questioned why $20 million of the settlement was earmarked to
Judge rejects DOJ-Colony Ridge settlement Read More »
Key takeaway: Federal Reserve Gov. Michael Barr said tariffs and the Iran war are short-term pressures on rural communities, while artificial intelligence will have longer-term, mixed effects. Expert quote: ‘Given rapidly changing circumstances, it is too early to know the path for prices as events in the Middle East unfold.” — Federal Reserve Gov. Michael
Fed’s Barr says tariffs, geopolitics weigh on rural areas Read More »