Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Mortgage applications decreased 2.4% from one week earlier even though interest rates for conforming loans are at their lowest point in 18 months, according to data from the Mortgage Bankers Association. The MBA's Weekly Mortgage Applications Survey for the week ending June 10 found that the seasonally adjusted purchase index decreased 5% from one week earlier.
"USDA is fortunate to work with many outstanding lenders, but none stood out for special recognition as prominently as Wells Fargo," Mensah said. "Since 1992, Wells Fargo has worked with us to help more than 131,000 rural families obtain loans to finance their piece of the American Dream."
Everyone's thoughts and prayers are with the victims of the horrible shooting in Orlando. But yes, Father's Day is coming up, and the first presidential proclamation honoring fathers was issued in 1966 when President Lyndon Johnson designated the third Sunday in June as Father's Day.
USDA Rural Development State Director Terry Brunner was in Columbus, N.M., Thursday to celebrate National Home Ownership Month with a groundbreaking ceremony to begin the construction of new homes in that community. USDA Rural Development provided a $403,000 grant to Tierra Del Sol Housing Corporation to administer the Self Help housing program that will be used to provide technical assistance in the construction of the homes.
A growing number of travellers are signing up for the government's expedited airport screening programs, only to face another wait. After angry fliers missed flights this spring because of lengthy security lines, government officials promoted the PreCheck and Global Entry systems.
House Financial Services Committee Chairman Jeb Hensarling, R-Texas, outlined an alternative to the Dodd-Frank Act that would include regulatory relief - including the repeal of "federal price controls" in the Durbin amendment - during a speech at the Economic Club of New York Tuesday. Hensarling said his bill will "provide much-needed relief to community financial institutions that are being crushed by Washington's 'one-size-fits-all' regulatory approach."
Lawsuits against 16 of the world's largest banks alleging they colluded to manipulate the primary benchmark for global short-term interest rates have been reinstated by a federal appeals court that found Monday that a judge had rejected the litigation too quickly.
A massive $1.27 billion penalty that was imposed on Bank of America in 2014 over mortgage loans it sold to Fannie Mae and Freddie Mac has been overturned by an appeals court. Reuters reports : The Justice Department claimed Countrywide, which Bank of America bought in July 2008, defrauded government-sponsored mortgage finance giants Fannie Mae and Freddie Mac by selling them thousands of toxic loans.
Vacant-housing demolition took up 90 percent of Ohio's request, but critics say asking for more mortgage-assistance funds would have ensured the entire application was viewed more favorably by the federal government. As the days passed, Ohio's application for upward of $250 million in federal housing money asked for more of the money to be devoted to vacant-housing demolition and less for mortgage assistance.
"We continued to make good progress on restructuring the bank. However, in the past several weeks these positive developments were overshadowed by the attention around our negotiations concerning the Residential Mortgage Backed Securities matter in the United States.
The potential fine, announced two weeks ago, has sent shares in Germany's biggest lender into freefall. On Friday, the stock partially recovered after a media report that the two sides were close to a settlement of $5.4 billion.