The Consumer Financial Protection Bureau has tweaked a rule that otherwise could have landed the new owners of inherited homes in hot water.
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“The acquisition of ZipRealty represents a strategic investment in the growth of our business,” says the chairman Realogy, a real estate franchise giant with more than 13,000 offices worldwide.
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Federal Reserve Chairwoman Janet Yellen said that the Fed may need to raise interest rates sooner than expected, but it all will hinge on the labor market.
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Rising home prices pushed housing affordability down from last year, making homes a little less affordable to the average family, according to NAR’s latest Housing Affordability Index.
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Loan demand eased this week, following a large drop in mortgage applications for home purchases, the Mortgage Bankers Association reports.
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The nation’s second largest mortgage lender, JPMorgan Chase & Co., says it’s backing away from issuing mortgages to less creditworthy borrowers due to growing concerns over the impact of foreclosures.
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