San Francisco Housing Authority Chief Is Fired
The San Francisco Housing Authority Commission has voted unanimously to terminate the contract of its executive director, Henry Alvarez. The San Francisco Chronicle...
Canadian Housing Starts Up Slightly In March
Canadian housing starts showed a mixed picture in March, according to new data from the Canada Mortgage and Housing Corp. (CMHC). The stand-alone...
Senate Confirms White As Next SEC Chief
The U.S. Senate has confirmed Mary Jo White's nomination to become chairwoman of the U.S. Securities and Exchange Commission (SEC). The Associated Press...
Reid Threatens To Change Senate Rules For Cordray Vote
Senate Majority Leader Harry Reid has threatened to alter the congressional chamber's rules to force a vote on the stalled nomination of Richard...
Senators Seek To Increase Capital Standards On Large Banks
New legislation being prepared by Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., would require the nation's largest banks to hold capital in...
Arizona’s Gold Canyon Bank Is Shut Down
Gold Canyon Bank, based in Gold Canyon, Ariz., was shut down by the Arizona Department of Financial Institutions, which appointed the Federal Deposit...
Golden First Mortgage Slapped With Federal Fraud Lawsuit
The federal government has filed a civil mortgage fraud lawsuit against Golden First Mortgage Corp. and its president, David Movtady, claiming that the...
Number Of Improving Housing Markets Unchanged For April
After seven consecutive months of gains, the list of improving U.S. housing markets remained virtually unchanged in April, with 273 metros on the...
Chamber Of Commerce Offers Agenda To Overhaul Dodd-Frank Act
The U.S. Chamber of Commerce's Center for Capital Markets Competitiveness (CCMC) has taken the Dodd-Frank Act to task with a new report that...
Barney Frank Blames GOP For Delaying Dodd-Frank Progress
Why is it taking so long for the Dodd-Frank Act's many rules and requirements to become enacted? According to the legislation's co-author, former...
CFPB Charges Four Mortgage Insurers With ‘Improper Kickbacks’
The Consumer Financial Protection Bureau (CFPB) has announced enforcement actions against four mortgage insurance companies that the agency alleges were involved in 'improper...
Fitch Ratings: Canadian Banks Remain Solid Despite Mortgage Slowdown
Canada's six largest banks have remained strong in spite of a considerable slowdown in mortgage originations and continuing concerns over rising consumer debt,...
CoreLogic: Year-Over-Year Home Prices Up 10.2% In February
Home prices nationwide increased 10.2% on a year-over-year basis in February, according to Irvine, Calif.-based CoreLogic. This represents the biggest year-over-year increase since...
Mortgage Applications, Refi Activity Down Last Week
Mortgage applications and refinance activity took a tumble last week, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Vacation Home Sales Up 10.1% In 2012
Vacation home sales rose 10.1% to 553,000 last year, up from 502,000 in 2011, according to new data from the National Association of...
NCUA Reaches $165M Settlement With Bank Of America
The National Credit Union Administration (NCUA) has announced a settlement with Bank of America and some of its subsidiaries for $165 million for...
Obama Declares April To Be National Financial Capability Month
President Obama has issued a proclamation declaring April to be National Financial Capability Month. However, the proclamation had less to do with extolling...
Fannie Mae Generated Largest Annual Net Income During 2012
Fannie Mae has reported an annual net income of $17.2 billion for 2012 and a quarterly net income of $7.6 billion for the...
Independent Mortgage Banks Saw Q4 Profit Per Loan Shrink
During the fourth quarter of 2012, independent mortgage banks and mortgage subsidiaries of chartered banks recorded an average profit of $2,256 on each...
EverBank Joins Private-Label Secondary Market
In the latest sign of new activity in the private-label market, Jacksonville, Fla.-based EverBank has sold $307.4 million in residential mortgage pass-through certificates...