News

Nearly half of all the mortgage defaults occurring during the housing bust would have been avoided had the Qualified Mortgage rules that took effect in January been in effect, a… Read More »

It will take at least another two years for lenders to clear the shadow inventory of non-performing loans, according to Standard & Poor’s.   Although progress has been slower than anticipated,… Read More »

The recent security breach affecting millions of Target customers has re-ignited Congressional interest in legislation to strengthen consumer protections against cyber-crimes.  A bi-partisan measure sponsored by Sens. Tom Carper (D-DE)… Read More »

New York Gov. Mario Cuomo has proposed legislation that would allow the state Department of Financial Services to slash title insurance premiums by 20 percent for home purchases and by… Read More »

“To advocates, eminent domain offers perhaps the only chance to remedy the failure of the federal government and mortgage servicers to offer widespread, meaningful relief to the hardest-hit communities.” ─… Read More »