Servicer hit with $500K penalty over ignored 6% VA loan rate cap

By Rita Nazareth (Bloomberg) — An in-line inflation reading spurred gains in both stocks and bonds, easing concern about imminent Federal Reserve interest-rate increases despite elevated oil prices. The data brought relief to Wall Street traders worried about ongoing geopolitical risks, with the S&P 500 poised to extend this month’s advance. A rally in technology…

A well-known investor is leading the charge against a California city’s plans for a new housing development in the hills surrounding Saratoga, California. Dr. Michael Burry, who made his name and his fortune from correctly predicting the 2008 housing collapse, contends the development poses a significant wildfire risk, Realtor.com reported. A new lawsuit led by…

Climbing mortgage rates have created a sharp paradox, turning more markets buyer-friendly this fall even as rates above 7% drain shoppers’ purchasing power. According to the Realtor.com® 2026 Q3 Market Clock report released on Monday, the national market clock now sits at 4 o’clock after moving one hour toward buyer’s territory since the second quarter,…

The 15-year fixed-rate mortgage, a key gauge of refinance appetite, also moved higher, averaging 6.04% from 5.98% the prior week. A year ago, that rate stood at 5.60%. Bond market forces drive the rate surge The catalyst behind the move is a global bond sell-off tied to a convergence of pressures: renewed US-Iran hostilities sending oil prices…

“Money doesn’t solve the problem. Supply is the problem,” he said. “There’s no shortage of investors looking to invest in housing. The biggest bottleneck isn’t the financing, it’s the government process. If it takes five years to approve a project, no amount of capital from Wall Street can fix that.” He said the fix requires…

Is AI giving the US economy a case of Dutch disease? From Dutch gas to American chips. !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}