International investors hold over 20% of all U.S. agency bonds and mortgage-backed securities, according to a University of California/Mortgage Bankers Association study.Among other findings of the study by the University of California's Ashok Bardhan and Dwight Jaffee was that the Chinese demand for U.S. mortgage-related debt lowered U.S. mortgage rates by approximately half a percentage point. The authors said a shift by Chinese investors away from purchases of U.S. mortgage debt or other dollar assets and into the buying of euro- or yuan-denominated assets could notably raise U.S. rates.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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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 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25