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House Authorizes Technical Adjustments to TILA

by devteam April 16th, 2015

The House of Representatives has passed a bill which would amend the Truth in Lending Act (TILA) in respect to the way lenders compute and disclose points and fees information in a mortgage transaction. The computation is used to determine if a mortgage

REO Surge Signals Foreclosure "Clean-up"

by devteam April 16th, 2015

Foreclosure activity increased by 20 percent in March compared to February and was up 4 percent from a year earlier. RealtyTrac, in its combined March and 1 st Quarter 2015 report said it was the first annual increase in foreclosure filings, which include

Builder Confidence up; First Time in 2015

by devteam April 15th, 2015

The index measuring building confidence in the market for new single family homes stopped its three month slide in April, jumping four points from its March level. National Association of Home Builders (NAHB) Chairman Tom Woods said, "As the spring buying

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Published by the Federal Reserve Bank of San Francisco

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