Quality Mortgage Services Opens Outsourcing Company
Brentwood, Tenn.-based Quality Mortgage Services LLC has announced the opening of QMiS Systems, a provider of knowledge processing outsourcing and business processing outsourcing...
Federal Credit Unions Enjoyed Record Earnings In 2012
Federally insured credit unions enjoyed a smashing 2012, with record earnings of $8.5 billion, according to data released by the National Credit Union...
Court Gives Green Light To Bond Lawsuit
The U.S. Court of Appeals in Manhattan has reversed a lower-court ruling that allowed a quartet of financial institutions to avoid facing a...
FHA Reportedly Planning Rival QM Rule
It appears that one new qualified mortgage (QM) rule is not enough - another QM rule is reportedly in the works. Bloomberg News...
Freddie Mac Posts $11B Profit For 2012
What a difference a year makes: Freddie Mac posted an $11 billion annual profit in 2012, compared to its $5.3 billion loss in...
China Seeks To Cool Overheated Housing Market
In an attempt to slow the rapid growth of its national housing market, the Chinese government has instructed its central bank to raise...
Warren Scolds GOP For Holding Cordray Appointment ‘Hostage’
Sen. Elizabeth Warren, D-Mass., angrily compared the blockage of Richard Cordray's confirmation as director of the Consumer Financial Protection Bureau (CFPB) to an...
Bloomberg BusinessWeek Housing Coverage Slammed For Racially Insensitive Artwork
The latest issue of Bloomberg BusinessWeek magazine has been criticized by the Columbia Journalism Review (CJR) for the use of racial and ethnic...
Senate Confirms Lew For Treasury Spot
The U.S. Senate has confirmed White House Chief of Staff Jack Lew as the next Secretary of the Treasury. USA Today reports that...
Mortgage Applications Declined Last Week
Mortgage applications took a tumble last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week...
NCUF Presents 2013 Wegner Awards
The National Credit Union Foundation (NCUF) presented its annual Herb Wegner Memorial Award for distinguished contributions to the credit union industry. Rick Craig...
MBA Creates Regulatory Compliance Program
The Mortgage Bankers Association (MBA) has launched a new compliance program to help companies in the mortgage finance industry navigate their businesses through...
NewDay USA Establishes Philanthropic Foundation
Fulton, Md.-based NewDay USA has announced its plans to establish the NewDay USA Foundation, a tax-exempt private foundation that will serve as the...
JPMorgan Chase To Lay Off 19,000
JPMorgan Chase, the nation's largest bank, is cutting up to 19,000 jobs in its mortgage and community banking divisions. Bloomberg News reports that...
FDIC-Insured Banks Enjoyed A Profitable 2012
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) reported earnings totaling $141.3 billion in 2012, a 19.3% improvement...
Pending Home Sales Up In January
Pending home sales rose in January and have been above year-ago levels for the past 21 months, according to the National Association of...
U.S. Government Creates Mortgage Program For Haiti
The U.S. government has a solution to help the hundreds of thousands of Haitian people who are still living in tents and temporary...
ICBA Offers Plan To Ease Regulatory Burden On Community Banks
The Independent Community Bankers of America (ICBA) has launched the Plan for Prosperity, its policy platform for the 113th Congress that is designed...
Senate Committee Gives Lew The Green Light
The Senate Finance Committee has approved the nomination of White House Chief of Staff Jack Lew to become the next Treasury Secretary. TheHill.com...
S&P/Case-Shiller: Home Prices Closed 2012 On A High Note
U.S. home prices ended 2012 on a strong note, according to the latest data from the S&P/Case-Shiller Home Price Indices. The national composite...