The 'Widespread Contagion' Of Foreclosure Is Now Contained

RealtyTrac says in its midyear report that foreclosure activity has dwindled back down to historic levels and that it is on track to continue the pace.

New Housing Finance Reform Bill Introduced In Congress

Three congressmen are taking a new crack at balancing public and private involvement in housing finance.

Julian Castro Confirmed As HUD Secretary

The 39-year-old, third-term mayor of San Antonio will replace current HUD Secretary Shaun Donovan, who will next lead the White House Office of Management and Budget.

'Middle Ground' GSE Reform Proposal Would Keep Fannie, Freddie Alive

Proposal provides an explicit government guarantee "but taxpayer money will be protected through adequate private-sector capital and accurate pricing of government reinsurance."

Could Supreme Court Decision Lead To Revocation Of CFPB Rules?

"The Supreme Court decision on the Cordray recess appointment casts doubt that actions taken by the CFPB, via its first and only director, are valid..." said Michelle Garcia Gilbert, managing partner with Tampa, Fla.-based Gilbert Garcia Group.

Existing-home sales increased to a seasonally adjusted annual rate of 5.04 million in June from an upwardly revised 4.91 million in May - a 2.6% increase - according to [Read More]

It's rare that a week goes by that I don't read a headline about a big bank being fined billions of dollars for its alleged selling of shoddy mortgages. [Read More]

Are You Fully Prepared for a CFPB Exam?_id1237

From The Orb

Today's mortgage market environment seems to be mimicking the weather in much of the U.S. recently: As we enter the summer doldrums, originations have stalled. The competition to win [Read More]

Multinational insurer American International Group Inc. (AIG) has finally reached a $650 million global resolution of its residential mortgage-related disputes with Bank of America. The resolution includes its claims [Read More]

Although there are positive overall trends in housing - including growing equity and a rebound in sales of new and existing homes - more work needs to be done [Read More]

Citigroup will pay $7 billion to resolve allegations brought by federal and state officials that it misled investors about the quality of residential mortgage-backed securities (RMBS) sold in the [Read More]

Making the transition from mortgage broker to "mini-correspondent" doesn't necessarily mean you're off the hook in terms of compliance with the Consumer Financial Protection Bureau's (CFPB) mortgage broker compensation [Read More]

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