Real Estate News Brief - U.S. Financial Stability Report, Refinancing Crackdown, Credit Repair Lawsuit


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In this week's Real Estate News in Brief... the results of a U.S. financial stability report, a refinancing crackdown, and a new lawsuit against two big credit repair companies. We begin with economic news from this past week, and a financial stability report from the Federal Reserve. The Fed report says the financial sector is “resilient” overall, but it also reported an increase in the number of risky loans issued to companies already struggling with debt. The report says, over the last nine months, the share of risky loans has risen above peak levels seen in 2007 and 2014. It also says that credit standards have been deteriorating.

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