Lending

Can the Fed reverse interest rate hikes, impose negative rates?

Fed Chair Yellen testifies before House Financial Services Committee
The hot topic for questioning during Federal Reserve Chair Janet Yellen’s hearing before the House Financial Services Committee Wednesday morning centered around the feasibility of negative Fed rates. The Fed announced in December that it was officially raising the federal funds rate for the first time since June 2006. Is this all about to change?
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NAR: Inventory shortages push homeownership further out of reach

And it’s not going away anytime soon
A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder. And according to the latest quarterly report from the National Association of Realtors, the problem is not going to subside anytime soon, impacting more than first-time homebuyers.
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CFPB corrects error in TRID rule

Falls victim to the dreaded 'typographical' error
It’s been four months since the implementation of the CFPB’s TILA-RESPA Integrated Disclosures rule in October shook up the housing industry, and many in the industry are still getting used to the new normal. But, starting Wednesday, there’s a small portion of the TRID rule that will be changing, thanks to a “typographical error” in the supplementary information provided by the CFPB.
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Calyx expands service to give mortgage lenders 'broadest view'

Origination clients can now see all loan options in one place
Paper may be a thing of the past as one software company creates a way to apply for, see and compare all loan options online. Dennis Boggs, executive vice president, CalyxSoftware said: "Our product and pricing engine gives originators the broadest view of what is available."
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Los Angeles Rams owner Stan Kroenke purchases massive Texas ranch listed for $725M

It’s larger than New York City and Los Angeles combined
Stan Kroenke, the owner of the Los Angeles Rams, made headlines recently when the NFL agreed to allow Kroenke to move the team from St. Louis to Los Angeles. But the 60 acres that Kroenke owns in Inglewood, California where the team's new stadium will be built pales in comparison to his latest purchase.
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Valuation Partners adds Denise Neely as vice president

Will oversee business development and new client services
Appraisal management company Valuation Partners announced Denise Neely has joined the company as Southwest region vice president. Neely’s new role includes overseeing business development and new client services in Arkansas, Alabama, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee and Texas.
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Freddie Mac to consumers: Here's how to avoid mortgage fraud

Video shows 'red flags' to look out for
As part of a continuing series that aims to educate consumers on all aspects of the homebuying process, Freddie Mac released a video that tells consumers how to avoid mortgage fraud when applying for a loan. In the video, Freddie Mac identifies several "red flags" that consumer should watch out for.
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