MV Realty to pay $2.5 million to California NTRAPS victims
This is the fourth settlement MV Realty reached in the last two months over its controversial homeownership benefits program, which is now illegal in 33 states.
Wage growth softens the sting of rising mortgage payments
Mortgage payments climbed to a 10-month high in April as rates rose, but strong annual wage growth of 5.3% helped keep the MBA's affordability index nearly flat month to month.
Report: Private credit opacity poses risk to financial system
A report from the Financial Stability Board said limited transparency in the private credit market makes it difficult for regulators to monitor and understand risks, potentially masking challenges to the financial system.
Pamela Heman
Phone:+1(816) 810-5001