Vermont’s economic performance coming out of the recession is among the best, if not the best, in New England, Fed economist Robert Clifford explained at a Lake Champlain Region Chamber of Commerce breakfast yesterday. Clifford identified the state’s steady job growth and much “healthier” housing market as key drivers of this success.
Consumer Financial Protection Bureau issues new rules
On Thursday January 10th, the mortgage industry braced for rulings from the United State’s newest federal agency related to home lending, the Consumer Financial Protection Bureau (CFPB). In his opening statement announcing the newest rules, CFPB’s Director, Richard Cordray said "Today, we’re issuing one of our most important rules to date, the Ability-to-Repay rule.