This week saw a slight fall in the mortgage rates, thus providing some breathing room to American citizens who are dealing with a very costly housing market. According to the article, the rate for the 30-year fixed mortgage fell to 6.47% for the week ending June 18, compared to 6.52% in the previous week. Although the difference is insignificant, it counts in a very sensitive market.It seems like the...
Indeed, the FHFA finds itself facing an issue that it can no longer ignore. As noted in the FHFA's most recent annual report to Congress, the FHFA is requesting statutory authority to enforce mortgage fraud directly, whether it be through being allowed to file suit in federal or state court, or by pushing Congress to create a special federal civil cause of action for such enforcement actions. At first...
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