Home Affordability Remains a Serious Challenge

Home Affordability Remains a Serious Challenge

The good news is that home affordability in the third quarter improved … ATTOM's national home affordability index was 100 in the third quarter, the
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US Fed buys $7 billion of mortgage bonds, sells none

U.S. Fed buys $7 billion of mortgage bonds, sells none … on the agency debt and agency mortgage-backed securities, or MBS, it holds to reinvest in
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The Government Is Cracking Down On The Payday Lending Industry

The Consumer Financial Protection Bureau has finalized regulations forcing payday lenders to determine before granting a loan if a borrower could
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Renovation loans become a necessity after Hurricane Harvey

The member can obtain a first mortgage to finance up to 95 percent of the “as-completed” appraised value of the property rather than the present value
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Lending Money to Family?

Sure, you want to help out your loved ones when they're in need, but a new survey reveals the risks that come with lending money to family.
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US Probing Collision Between Civilian Drone, Army Helicopter

The National Transportation Safety Board is investigating the Sept. 21 collision of a civilian drone and a U.S. Army UH-60 helicopter east of Staten
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Congressional bills could fuel a new race to the bottom

From Freddie Mac's weekly survey: The 30-year fixed rate averaged 3.85 percent, up two basis points from last week's 3.83 percent. The 15-year fixed
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Market Monitor: PPOH Line Below Zero for Freddie Mac 5.7 Pfd (FMCKP)

Following the technical signals for Freddie Mac 5.7 Pfd (FMCKP), we have recorded the Percentage Price Oscillator Histogram line below zero.
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Online lending

Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for
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CFPB OIG outlines areas of improvement for the regulator

As the Consumer Financial Protection Bureau continues to develop, a report from the Office of Inspector General for the Consumer Financial
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Governor Signs Bill Making California a 'Sanctuary State'

Sacramento, Calif. (AP) — California Gov. Jerry Brown has signed “sanctuary state” legislation that extends protections statewide for immigrants living
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Becoming A Super Saver

Teaching our children the importance of saving early and often is something Community Bank feels is crucial to a strong financial future. By hosting
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Apple Just Fixed This Bug With Its New Apple Watch

Apple debuted an update to its WatchOS that fixes an LTE issue for the Apple Watch. By Jonathan Vanian. Oct 5th, 2017 3:04 PM ET. Apple has fixed
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Mortgage company founder admits to defrauding Ginnie Mae out of $2.5 million

The founder and president of a defunct Massachusetts mortgage company pleaded guilty this week to defrauding Ginnie Mae out of approximately
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What is Ailing the Housing Industry? 3 Factors at Play

The biggest issue being faced by the housing market is low supply. Inventory build-up is being impacted by factors like rising lumber and land costs as
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Mortgage REITs, Explained

What is a Mortgage REIT? MREITs are a relatively small portion of the overall REIT market, making up just 6% of the asset class with $67 billion in total
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CFPB finalizes its polarizing payday lending rule

“The rule also curtails lenders' repeated attempts to debit payments from a borrower's bank account, a practice that racks up fees and can lead to
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Kashkari Not Under Consideration for Fed Chair, Official Says

… a final list of people they're recommending as candidates to lead the Federal Reserve and have ended the search, Bloomberg reported on Tuesday.
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Netflix Shares Jump on Price Hike News

Netflix is boosting prices by a buck for some services, and it's safe to say customers won't rejoice at the idea of paying more for their their next hit of
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Could Home Depot Inc. Be a Millionaire-Maker Stock?

Including the brutal pullback that the business endured during the worst of the housing market crisis, the stock has jumped more than 400% since late
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