Risky Mortgage Bonds Return as Delinquencies Pile Up

The subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of the same high-risk characteristics is starting to take off. Bloomberg’s Claire Boston reports on “Bloomberg Daybreak: Americas.”

RealPage: The Size of the Average U.S. Household is Growing

HousingWire, Nov. 12, 2019–Julia FalconFor the first time since 1850, the average size of the U.S. household is on the rise, RealPage says.https://www.housingwire.com/articles/realpage-the-size-of-the-average-us-household-is-growing/

MBA Weekly Applications Rise in MBA Weekly Survey

Mortgage applications increased by nearly 10 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 8.

House, Senate Bills Would Cap Consumer Loans at 36%

American Banker, Nov. 12, 2019–Paul Centopani (subscription)Sens. Sherrod Brown, D-Ohio, Jeff Merkley, D-Ore., Jack Reed, D-R.I., and Chris Van Hollen, D-Md., introduced the Veterans and Consumers Fair Credit Act to …