Mar 16th 2011 8:42AM
Ready to cough up a higher down payment to buy a home? Mortgage financing availability was cited as the single-greatest factor prohibiting people of color from fulfilling dreams of homeownership, according to a March survey of multicultural real estate professionals -- some of whom say policy makers need to do more for... Continue Reading »
Apr 15th 2010 7:30AM
Of all the wing-tipped execs that have been paraded before government officials investigating the roots of the financial crisis, the former Washington Mutual executives are surely among the most shameful. Tuesday's all-day Senate hearing, conducted by Sen. Carl Levin, aired enough dirty laundry to stink up all of Capital... Continue Reading »
Apr 12th 2010 11:55AM
Who's to blame for the collapse of the U.S. housing market? That question is at the root of the hearings being held by the Financial Crisis inquiry Commission, a bipartisan commission of former political officials. Republicans want to blame Fannie and Freddie for their risky loan practices, or federal officials for their... Continue Reading »
Feb 26th 2010 12:00PM
The Great Recession wasn't the result of subprime mortgage madness, according to a new report from the National Bureau of Economic Research. It was just a plain old bank panic. Yeah, but weren't bank panics supposed to be a thing of the past, thanks to the creation of the Federal Deposit Insurance Corporation in 1934?... Continue Reading »
Feb 9th 2010 3:30PM
Heard of HVCC? It's not a heating and ventilation system for the home (that's HVAC), nor is it an infectious disease. HVCC is the Home Valuation Code of Conduct, a controversial set of guidelines established by Fannie Mae and Freddie Mac in May 2009. By setting up a sort of firewall between lenders and appraisers, in the... Continue Reading »
