The Federal Financial Institutions Examination Council, an interagency coordinating body for federal banking industry regulators, has issued two statements in the past month cautioning banks and credit unions about cyber-security risks and emphasizing the importance of effective risk mitigation policies. First-time buyers represented 38 percent of home purchasers in April – up from 34 percent… Read More »

Harvard’s Joint Center for Housing Studies provoked that question with a report analyzing the continuing decline in the nation’s home ownership rate. The analysis, in the Center’s annual “State of the Nation’s Housing” report, identified several factors responsible for the downward ownership trend, and concluded that it’s not going to be reversed any time soon.… Read More »

The financial pendulum has swung again, making buying a home more affordable than renting in a majority of major housing markets for the first time in nearly a decade. That assessment comes from a RealtyTrac analysis of rental cost data compiled by HUD covering 543 counties nationwide. The analysis showed that in 68 percent of… Read More »