News
Banks need to get serious about climate risk in their mortgage books
2+ week, 4+ day ago (402+ words) Long-term projections are increasingly concerning. Sea level rise threatens major markets such as Miami, Charleston and New York City. The question is no longer whether climate change will affect housing values, but when and how severely. Credit analysts say climate…...
House gives deposit insurance reform another try
3+ week, 4+ day ago (528+ words) WASHINGTON " The House Financial Services Committee has a new package of bills aimed at reforming deposit insurance, including a companion bill to a revised bill offered by Sens. Bill Hagerty, R-Tenn. , and" Angela Alsobrooks, D-Md. , that represents a significant retreat…...
Taxes, insurance eat 21% of mortgage payments
1+ mon, 1+ week ago (783+ words) Homeowners are feeling the weight of surging tax and insurance costs, and first-time buyers are sometimes waking up to unpleasant surprises when they see the bill, according to a new analysis." Property taxes and homeowners insurance costs now make up…...
State AGs sue HUD, One Main; talking about stone money with M&T CEO Jones
1+ mon, 2+ day ago (320+ words) On the docket U. S. state attorneys general were busy yesterday. First, a group of 16 state attorneys general sued the Department of Housing and Urban Development, our Ebrima Santos Sanneh reports, challenging the department's September guidance that narrowed the scope of the…...