Finance & Mortgage

Experts Expect US Lending Standards To Fall in Next Three Months

The paradox between low mortgage rates and high lending standards has been a topic of much discussion of late. But industry experts are growing more positive about the tight credit underwriting standards and expect them to ease in the coming few months.

Wells Fargo Explains Why Americans Aren’t Buying Homes Right Now

The current housing scenario seems to have steadied. The rate of home price growth is slow, mortgage rates are at their lowest and supply is also picking up. So what is holding Americans from taking the property plunge? Fear apparently!

HSBC Settles Faulty Mortgage Lawsuit with FHFA for $550 Million

HSBC, the famous British banking giant, announced Friday that it has settled a faulty mortgage lawsuit with the U.S. Federal Housing Finance Agency (FHFA) for $550 million after it was found guilty of selling shoddy home loans to Fannie Mae and Freddie Mac.