The Federal Open Market Committee has decided to raise its target for the federal funds rate by 25 basis points to 1.25% and indicated that it is likely to continue raising rates gradually."With underlying inflation still expected to be relatively low, the Committee believes that policy accommodation can be removed at a pace that is likely to be measured," the Federal Reserve said in a news release Wednesday afternoon. "Nonetheless, the Committee will respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability." The Fed can be found online at http://www.federalreserve.gov.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
2h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
2h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
2h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
5h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25