Due to an annual decrease in consumer prices, financial regulators have announced that the dollar threshold at which higher priced-mortgages become subject to special appraisal requirements will remain unchanged at $25,500 in 2016. Agencies also said that the threshold under which consumer credit and lease transactions under Regulation Z (Truth in Lending Act) and Regulation M (Consumer Leasing Act) are exempt will remain at $54,600 in 2016.
Survey finds younger generations more likely to start building wealth at early age
Today’s young adults are beginning to build wealth years earlier than older generations did, but many of them still see homeownership as out of reach, according to a new survey by U.S. Bank.








