federal
The Latest Federal Rate Cut – Another Attempt to Bolster the Real Estate Market
The Federal Reserve cut interest rates on Dec. 11th on hopes that the credit crisis would be tempered from 4.5% to 4.25%. Markets were on the upswing up until the cut was announced because many investors were under the impression that the central bank, under pressure from all sectors of the economy especially real estate, [...]
Federal Regulation for the Home Lending Market
There are new federal regulations on mortgage lenders coming out way soon. Recently, President Bush signed a bill into law at the end of July that encourages state regulatory commissions to register all residential loan originators, and creates a national database of lenders that tracks fraudulent activity from state to state. This will [...]