A mortgage application in which both members are male is 8.9% less likely to be approved than if the co-applicants were of different sexes, according to new research.
Appraisers are supposed to adjust the value of comparable properties to account for home price appreciation. FHFA found that most either don’t make these time adjustments or make them too small.
The Federal Reserve’s plan to reduce the size of its balance sheet by $100 billion a month may have been too ambitious. Last year, actual run-off was closer to $75 billion a month.