House Passes Cybersecurity Bill In Bipartisan Vote
The House of Representatives voted 288-127 to approve the Cyber Intelligence Sharing and Protection Act (CISPA). TheHill.com reports that the vote was a...
Former CFPB Executive Opens Washington Consulting Firm
Raj Date, the former deputy director of the Consumer Financial Protection Bureau (CFPB), has re-emerged as the head of a new bank consulting...
Wells Fargo Seeks Dismissal Of Federal Lawsuit
Wells Fargo & Co. is seeking the dismissal of a government lawsuit that alleges that its lending practices resulted in Federal Housing Administration...
Three States Join National Loan Officer Test
Three state agencies have announced they will join a national mortgage loan officer test with a uniform state component. The MBA NewsLink reports...
Bank Of America In $500M Lawsuit Settlement
Bank of America has agreed to a $500 million settlement of a class-action lawsuit filed by investors who purchased mortgage investments from Countrywide...
Mortgage Applications Up Last Week
Mortgage applications were on the rise last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Single-Family Housing Starts Down 4.8% In March
Single-family housing starts in March were at a rate of 619,000, which is 4.8% below the revised February figure of 650,000, according to...
Freddie Mac Offers CreditSmart Tutorial For ‘Working Families’
Freddie Mac is now offering a free, online CreditSmart tutorial designed to 'provide working families and new or inexperienced borrowers with basic sound...
WFG Lender Services Acquires Valutrust
Westlake Village, Calif.-based WFG Lender Services (WFGLS) has acquired Valutrust Solutions LLC (Valutrust), a national mortgage services and technology development business based in...
MISMO Seeks Comments On XML Digital Signature I-Guide
MISMO has issued a Call for Comments on the latest draft of its XML Digital Signature I-Guide. Comments are due by April 25....
NCUA Shuts Credit Union In Virginia
The National Credit Union Administration (NCUA) has liquidated Shiloh of Alexandria Federal Credit Union of Alexandria, Va. NCUA made the decision to liquidate...
NY AG: Obama Has Legal Right To Fire DeMarco
New York Attorney General Eric Schneiderman is continuing his push to remove Edward DeMarco from the leadership of the Federal Housing Finance Agency...
New Mexico Extends Green Building Tax Credits Through 2016
The state government of New Mexico has extended tax credits for sustainable residential and commercial buildings through 2016. The Associated Press reports that...
Former Dallas Housing Manager Indicted On Abusing Authority
A former department manager of the Dallas Housing Authority has been indicted by a grand jury for using her office to secure subsidized...
RXF Begins Share Exchange
Miami Beach-based REIT Exchange Fund Inc. (RXF) has commenced an offer to exchange its common shares for shares currently held by investors in...
Obama Budget: $47.6B For HUD, $943M For FHA Cash Infusion
The Obama administration is seeking $47.6 billion for the U.S. Department of Housing and Urban Development (HUD) for the fiscal year 2014 budget,...
NCUA Hits Setback In Lawsuit Against Credit Suisse
A federal court in Kansas City, Kan., has dismissed some of the claims in the $590 million lawsuit filed by the National Credit...
Former Chase Home Lending CEO Joins Freddie Mac
Freddie Mac has hired David B. Lowman as executive vice president for its single-family business. Lowman served as CEO of Chase Home Lending...
Legislators Reintroduce Bill To Break Up XXL-Sized Banks
Rep. Brad Sherman, D-Calif., and Sen. Bernie Sanders, I-Vt., have reintroduced the 'Too Big to Fail, Too Big to Exist Act' in the...
FDIC To Offer Banker Teleconference Series
The Federal Deposit Insurance Corp.'s (FDIC) Division of Depositor and Consumer Protection is launching a series of nationwide banker teleconferences designed to 'maintain...