Two California Credit Unions Are Closed
The National Credit Union Administration (NCUA) has announced the closure of two California credit unions. Pepsi Cola Federal Credit Union of Buena Park,...
Dutch Consider Creating National Mortgage Bank
The government of the Netherlands, in an effort to revive the Dutch housing market while buffeting the nation's banks against further economic woes,...
Mortgage REIT Sets Terms For $86M IPO
Five Oaks Investment, a New York-based real estate investment trust (REIT) focused on investing in, financing and managing agency and non-agency residential mortgage-backed...
New Bipartisan Senate Effort Aimed At GSE Reform
A quartet of senators from different corners of the political spectrum have joined forces to introduce the Jumpstart GSE Reform Act, a new...
ICBA Slams Holder On Too-Big-To-Jail Comments
The recent comments by U.S. Attorney General Eric Holder that the criminal prosecution of executives at the nation's major banks could lead to...
White And Cordray Treated Warmly At Senate Confirmation Hearing
President Obama's choices to run the U.S. Securities and Exchange Commission (SEC) and the Consumer Financial Protection Bureau (CFPB) received a cordial welcome...
Industry Trade Groups Urge QRM-QM Synchronization
A coalition of industry trade groups is urging Congress to synchronize the upcoming final rules for the qualified residential mortgage (QRM) with the...
Report Warns GSEs Could Lose Billions On Interest Rate Risk
Fannie Mae, Freddie Mac and the Federal Home Loan Banks face considerable risk of losing billions of dollars due to fluctuations in prevailing...
Research Details Results Of NeighborWorks America Outreach
Washington, D.C.-based NeighborWorks America has released new research that finds that homebuyers who receive the organization's pre-purchase housing counseling and education are nearly...
Canadian Housing Starts Up In February
Housing starts in Canada were trending at 195,087 units in February, according to new data from the Canada Mortgage and Housing Corp. (CMHC)....
Wells Fargo Seeks 90 Oregon Underwriters
Now here's something you don't hear about every day: a major lender on a hiring spree. The Portland Business Journal reports that Wells...
HUD Signs Disaster Mitigation Pact With Dutch Government
U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Melanie Schultz van Haegen, the minister of infrastructure and the environment for the...
Holder: Prosecuting Wall Street Could Wreck Economy
U.S. Attorney General Eric Holder has offered a new reason regarding the U.S. Department of Justice's lack of criminal prosecution against Wall Street...
Shelby Introduces Bills To Upgrade Dodd-Frank Process
Sen. Richard Shelby, R-Ala., the ranking member of the Senate Banking Committee, has introduced two legislative proposals aimed at 'clarifying and streamlining the...
Cordray Confirmation Hearing Set For March 12
Get ready to rumble: Richard Cordray, the embattled director of the Consumer Financial Protection Bureau (CFPB), is returning to Capitol Hill on March...
AIG Debuts Mortgage Unit
American International Group (AIG) has launched a new business unit called Connective Mortgage Advisory Co. that will identify and buy residential whole loan...
New Report Shows Increasing Housing Demand Among Immigrants
Homeownership and rental demand of foreign-born households will continue to increase as growing numbers of immigrants settle longer in the U.S., according to...
MBA Chief Questions Single Securitization Platform Plan
The new single securitization platform plan proposed by Edward DeMarco, acting director of the Federal Housing Finance Agency, was faulted by David H....
The Sun Will Set On 40 SunTrust Branches
Atlanta-based SunTrust Banks Inc. is planning to close approximately 40 branches during the first quarter of this year. The Atlanta Business Chronicle reports...
DeMarco Announces Plan For New Securitization Entity
Edward DeMarco, acting director of the Federal Housing Finance Agency, has unveiled plans to create a company that will securitize residential mortgages. In...