The Consumer Financial Protection Bureau (CFPB) cut short a five-year agreement with Bank of America over the bank’s alleged submissions of false mortgage data. The agreement was supposed to be in place through at least November 2028. In a filing made public Monday, the CFPB said the bank “fulfilled the obligations” of the agreement signed in November 2023, […]
CFPB cuts short monitoring of BofA mortgage practices Read More »
The Federal Reserve has come under renewed fire from the Trump administration in recent weeks as the president and key housing officials battle with Chair Jerome Powell over the direction of interest rates. On Tuesday, while speaking to members of the House Financial Services Committee, Powell was resolute that the central bank will continue its
Jerome Powell says the Fed isn’t budging on interest rates Read More »
Look at all the variables at play in the housing market and it’s hard not to feel pessimistic about the affordability crisis. Mortgage payments continue to increase thanks to high mortgage rates, home insurance premiums are on the rise in markets vulnerable to natural disasters and the rent is still too dang high for renters
Four charts that perfectly illustrate the housing affordability crisis Read More »