Faith Schwartz Leaves HOPE NOW For CoreLogic
Faith Schwartz is leaving her role as executive director of HOPE NOW to become senior vice president of government solutions at Irvine, Calif.-based...
Quicken Loans Debuts NASCAR-Based Sweepstakes
Detroit-based Quicken Loans Inc. has launched the 'Bring It Home' sweepstakes, in which the company will pay five peoples' mortgages for a month...
Bipartisan Policy Center Releases Housing Finance Reform Plan
The Bipartisan Policy Center, a Washington, D.C.-based think tank that promotes bipartisan political solutions, has released a new plan that calls for the...
Regulatory Agencies Face Fiscal Pinch With Sequester Cuts
If the White House and Congress are unable to reach a deal to avoid the sequestration budget cuts by March 1, several federal...
HUD: 8.5M Experience ‘Worst Case’ Housing Needs
The number of lower income households struggling to pay their monthly rent, as well as those who may also be living in substandard...
Dick Morris Accuses Obama Of Creating New Housing Bubble
Republican strategist Dick Morris is accusing President Obama of setting the groundwork for a new housing bubble via the Federal Housing Administration (FHA)....
Canadian Housing Starts Forecast To Decline This Year
Total annual Canadian housing starts are expected to be lower in 2013 relative to 2012, according to the Canada Mortgage and Housing Corp.'s...
HUD Awards $7.3M For Affordable Tribal Housing
The U.S. Department of Housing and Urban Development (HUD) is providing eight organizations with a total of $7.3 million in grants to improve...
NAHB Seeks Reform Of Residential Appraisal System
Serious problems in the residential appraisal process must be addressed in order to restore confidence in the residential real estate market and to...
South Carolina Merger To Create Mega-Bank
Two South Carolina financial institutions - Columbia-based SCBT Financial Corp. and Charleston-based First Financial Holdings Inc. - have announced a merger that will...
Existing-Home Sales Up Slightly In January
Total existing-home sales increased 0.4% to a seasonally adjusted annual rate of 4.92 million in January from a downwardly revised 4.90 million in...
Chamber Of Commerce Urges Streamlining Of CFPB Operations
The U.S. Chamber of Commerce has sent a letter to Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), that calls for...
Housing Starts Ticked Upwards In January
Single-family housing starts in January were at a rate of 613,000, which is 0.8% above the revised December figure of 608,000, according to...
Mortgage Applications, Refi Activity Trended Down Last Week
Both mortgage applications and refinance activity took a dip last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications...
Ally Unloads Correspondent, Wholesale Broker Businesses
Walter Investment Management Corp. is acquiring the correspondent lending and wholesale broker businesses of Ally Bank, the direct banking subsidiary of Ally Financial...
Home Builder Confidence Dips Slightly
Builder confidence in the market for newly built, single-family homes fell one point to 46 on the National Association of Home Builders (NAHB)/Wells...
Regulators Shutter Chicago-Based Bank
The Illinois Department of Financial and Professional Regulation's Division of Banking has closed Chicago-based Covenant Bank and appointed the Federal Deposit Insurance Corp....
SolomonEdwards Expands Mortgage Services Practice
SolomonEdwardsGroup LLC (SEG), a business advisory and professional staffing firm, has expanded its mortgage services team with the addition of several new professionals....
LPS Comes To Terms With The DOJ
Lender Processing Services Inc. (LPS), a provider of technology and services to the mortgage and real estate industries, says it has entered into...
GAO Expresses Concern On FHA Risks
The Government Accounting Office (GAO) is warning that the problems facing the Federal Housing Administration (FHA) may endanger the agency's 'financial soundness.' In...