Predatory lending may be a bigger problem for Native Americans than for the general population, according to the National American Indian Housing Council. In a survey of NAIHC members, 68% of the respondents said they were victims of predatory lending practices. "These practices included interest rates as high as 25 percent on home improvement loans and mobile home loan rates as high as 18 to 24 percent," the advocacy group said. One respondent, a parent of a double amputee, reported that he owned his home outright after 30 years of mortgage payments, but lost it because of the terms of a home improvement loan, the NAIHC said. "The survey paints a grim picture that we know to be true," said NAIHC executive director Christopher Boesen. The survey was done in preparation for testimony at Federal Reserve Board field hearings on the issue.
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While existing home sales aren't measured in GDP, many of the things which come along with it are, and those are likely to start trending down, First American said.
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While foreclosure numbers in the first six months of this year were up compared to 2024, starts eased as the spring progressed, according to Attom.
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The merger of the firm's lending arm and Figure Markets is a reaction to a thawing regulatory environment.
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The legislation is a direct response to HUD's effective elimination of the PAVE task force and comes amid ongoing debates over DEI policies in the federal government.
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The Indiana loan officer was previously sued by Ruoff Mortgage for fraudulent originations it estimated would cost the company over $1 million to repurchase.
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The new arrangement will allow Blend customers to have access to Doma's artificial intelligence-powered instant decisioning title insurance technology.
July 18