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The Federal Reserve, state supervisors and other bank regulators said they would not penalize institutions that work with impacted borrowers following devastating storms in Florida and Puerto Rico.

Three percent of all mortgages were 30 or more days past due on their scheduled payment or in foreclosure in July.

A federal judge found that the Consumer Financial Protection Bureau overstated the costs and understated the negative impact of exempting 1,700 financial institutions from reporting Home Mortgage Disclosure Act data.

The one established during the pandemic got little use because other government actions led to a refinancing boom, but a housing official fears the industry won't be so lucky next time.

Brian J. Kelleher is a partner at Fiondella, Milone & LaSaracina LLP (FML CPAs), an accounting and advisory firm in Connecticut.

SPCPs are posed as an equitable housing solution but hesitation and confusion about them is persistent in the mortgage industry, housing finance experts said.

The 30-year fixed rate is now at levels last seen in the summer of 2007, according to data from Freddie Mac.

Tracy Vrchota is the vice president of compliance at Accurate Background.

U.S. pending home sales fell in August for the seventh time this year, extending the housing market's downturn as high borrowing costs sideline prospective buyers.

Ken Van Leeuwen founded Van Leeuwen & Company in 1997. As the firm's managing director, founder and financial advisor, he is responsible for the overall strategic direction of the firm as well as serving his clients, who include corporate executives, nonprofit organizations and foreign citizens who have made the U.S. their home.