Single-Family Home Sales Up In March
Sales of new single-family houses in March were at a seasonally adjusted annual rate of 417,000, according to estimates released jointly by the...
Sen. Baucus Will Not Seek Another Term
Sen. Max Baucus, D-Mont., the chairman of the Senate Finance Committee, will not seek re-election in 2014. 'Deciding not to run for re-election...
Hensarling Bars Cordray From Testifying Before House Committee
The chairman of the House Financial Services Committee has barred Richard Cordray from testifying before the committee, stating that Cordray cannot legitimately claim...
S&P Calls For Dismissal Of DOJ Fraud Lawsuit
Standard & Poor's (S&P) has called for the dismissal of a fraud lawsuit filed in February by the U.S. Department of Justice (DOJ)....
SEC Names Co-Directors For Enforcement Division
The U.S. Securities and Exchange Commission (SEC) has named Acting Director George Canellos and former federal prosecutor Andrew Ceresney co-directors of the Division...
CFPB Creates Financial Liaison Office
The Consumer Financial Protection Bureau (CFPB) has opened a new Office of Financial Institutions and Business Liaison, which is designed to connect the...
Existing-Home Sales Down Slightly In March
Total existing-home sales declined 0.6% to a seasonally adjusted annual rate of 4.92 million in March from a downwardly revised 4.95 million in...
CFPB Proposes Clarification Of Escrows Final Rule
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule designed to clarify the escrows final rule issued by the agency in...
Three Community Banks Are Shut Down
Two Florida banks and one Kentucky bank were shut down on Friday. Chipola Community Bank, based in Marianna, Fla., was closed by the...
Open Mortgage Launches New Reverse Mortgage HQ
Austin, Texas-based Open Mortgage has debuted a new headquarters office for its reverse mortgages in the Atlanta suburb of Douglasville, Ga. 'The Atlanta...
Bay Area Home Sales Continue To Decline
Home sales in the California Bay Area fell below a year earlier for the second consecutive month in March, according to new data...
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...