Headline News Archive

2018

October

18

• An A.I. (artificial intelligence) glossary. The last six years have witnessed breakthroughs in everything from self-driving cars to algorithms that can detect diseases, and social networks like Twitter that rely

• New York to settle inquiry of rent-to-own trailer park firms. Regulators have been cracking down on abusive rent-to-own deals in which people shell out thousands of dollars for run-down homes that they never actually get

• Mortgage fraud is rising. Mortgage fraud was so rampant during the height of the housing bubble in the mid-2000s that real estate industry insiders started to refer to

15

• Getting the lowest rate when mortgage rates are rising. Mortgage rates have escalated recently. The 30-year fixed-rate average, the most popular mortgage product on the market, is nearing 5 percent, according to the latest Freddie

11

• Hurricane Michael prompts Freddic Mac to issue relief policies. In areas where the Federal Emergency Management Agency has yet to make individual assistance available, mortgage servicers are encouraged to leverage Freddie Mac’s

• Travelers teams up with Amazon to sell home security kits. Travelers, one of the country's largest insurance companies, announced that it had launched an Amazon storefront where its customers can buy discounted home security

• Experian credit freeze flaw may have revealed your PIN to fraudsters. The credit bureau’s process to retrieve a PIN that safeguards a frozen Experian credit report had a security defect, making it easier for

10

• New reverse mortgage options available for homeowners. You’ve probably seen actor Tom Selleck suavely pitching federally insured reverse mortgages on television and thought, hmm, that sounds interesting. He

09

• Pay off that mortgage before retiring. Retirees share their stories of relief, joy and excitement.

05

• U.S. student loan debt reaches a staggering $1.53 trillion. The burden of student loans is delaying homeownership for many.

04

• 10 years later: How the housing market has changed since the crash. Flashback to fall 2008 and you’ll remember the free fall the U.S. economy experienced. At the heart of it was the collapse of

02

• 6 ways to avoid the college debt trap. In his recent New York Times article: “The Student Debt Problem Is Worse Than We Imagined”, author and senior director for post secondary

September

29

• Consumer bureau official blasts colleague over blog dismissing racism. The Consumer Financial Protection Bureau (CFPB) official in charge of fair lending is pulling her support for a top agency aide over blog posts

27

• Trump anti-discrimination official once called hate crimes hoaxes. A senior Trump appointee responsible for enforcing laws against financial discrimination once questioned in blog posts written under a pen name if using the n-word

26

• Crece el rechazo a Airbnb en París; la empresa se defiende. Los primeros huéspedes en el estudio en la planta baja alquilado a través de Airbnb fueron inocuos: era una familia de

25

• Katy Tang opposed the adoption of the Costa Hawkins Rental Housing Act (Chinese). 在本月4日的三藩市市參事會議中，市參事佩斯金（Aaron Peskin）提出針對加州10號提案的決議案，支持推翻在1995年通過的「科斯塔霍斯金租管法」（Costa-Hawkins Rental Housing Act），三藩市將可以透過市參事會立法或公投來擴大租務管制。但因票數不足，該決議案送至土地使用及運輸委員會，並於昨日審議。

• Elizabeth Warren’s ambitious fix for America’s housing crisis. Ten years ago, the subprime mortgage crisis stripped millions of Americans of their homes. Many haven’t gotten those homes back and now face

21

• Flood damage in the Carolinas is widespread--Insurance coverage isn't. Flood damage from Hurricane Florence will be extensive, but in North Carolina many don't have flood insurance. North Carolina Insurance Commissioner Mike Causey discusses

19

• Three generations share one problem: Student debt. It is the massive, and growing, financial burden weighing on three generations in the U.S.: student debt. Up to 40 percent of Americans have had

18

• Large student loan debt make millennials unable to afford homes (Chinese). 金融危機經濟大蕭條的十年後，美國學生貸款提高總額達到紀錄新高，房屋擁有率卻持續低於過去幾個世代，特別是那些原本是購房主力的年輕世代。哈佛大學住房研究共同中心資深副研究員史帕德(Jonathan Spader)表示，學生貸款沉重，年輕人被迫推遲購屋。

17

• Senators demand answers after student loan watchdog resigns. Seeking to "evaluate the independence and effectiveness" of the federal Consumer Financial Protection Bureau's student loan office, 15 members of the Senate Democratic

• CFPB pursues first lawsuit of Mulvaney era. The Consumer Financial Protection Bureau is accusing an Irvine company of targeting pensioners with high-cost deceptive loans. The case filed in federal court in Santa

• The mortgage market is back, with new risks. As the overall mortgage market grows to a record size, the Federal Reserve is retreating from the sector it rescued, raising concerns about a potential

13

• U.S. regulators reject Wells Fargo's plan to repay customers. U.S. regulators have rejected Wells Fargo & Co’s (WFC.N) plan to repay customers who were pushed into unnecessary auto insurance, telling

• The Recovery threw the middle-class dream under a Benz. Like the diary stored in Ms. Swonk’s basement, the scars of the financial crisis and the ensuing Great Recession are still with us,