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The House Education and the Workforce Committee approved on Feb. 2 HR 4293, legislation that provides an alternative to the U.S. Department of Labor's controversial proposed rule to amend the definition of fiduciary under the Employee Retirement Income Security Act.
The contaminated water crisis in Flint, Michigan, could prevent buyers from securing home loans in the area due to minimum lender requirements of livability, HousingWire reported Feb. 4.
The Federal Reserve's 2016 stress tests will examine how well big banks handle extended periods of time with negative interest rates on the three-month Treasury bill, Bloomberg reported Feb. 2. The Fed's action is a response to below-zero rates already in place in other countries.
The nation’s largest professional association of real estate appraisers and a U.S. standards-setting body for energy efficiency rating and certification systems have agreed to work together to promote education, research and data standards.
The Federal Housing Finance Agency announced Feb. 2 that Fannie Mae and Freddie Mac are implementing an independent dispute resolution process for loans that trigger a repurchase request due to perceived violations of their representation and warranty framework, HousingWire reported.
The value of all developed real estate in the world reached $217 trillion last year, accounting for 60 percent of all mainstream assets around the world and amounting to 2.7 times the world's GDP, according to a report from real estate adviser Savills, MarketWatch reported Jan. 25.
Average fixed mortgage rates fell for the fourth consecutive week as the Fed held interest rates steady, Freddie Mac reported Jan. 28 in its Primary Mortgage Market Survey.
Media stories including the Appraisal Institute and its professionals in 2015 were potentially read, seen or heard nearly 2 billion times, the nation’s largest professional association of real estate appraisers announced today.
Housing affordability is expected to decrease this year, especially on the low-end of the market where price gains are expected to outpace household income growth, which negatively affects affordability, Fannie Mae's Economic & Strategic Research Group reported Jan. 14.
The Commonwealth of Virginia announced Jan. 22 that it reached a $63 million settlement with 11 banks over allegations that they defrauded the state's retirement system by allegedly misrepresenting the quality of residential mortgage-backed securities, HousingWire reported.
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