Wells Fargo To Close Edward Jones Mortgage
Wells Fargo & Co. and the St. Louis-based investment firm Edward Jones are dissolving Edward Jones Mortgage, a joint venture they created in...
Flagstar Sells DocVelocity to Capsilon
Troy, Mich.-based Flagstar Bancorp Inc. has agreed to sell the assets and operations of DocVelocity, its document imaging business for mortgage lenders, to...
Senate Democrats: Blocking Cordray Is ‘Inconsistent With Our Democratic Values’
The controversy over Richard Cordray's directorship of the Consumer Financial Protection Bureau (CFPB) continued with Senate Democrats sending a letter to President Obama...
RE/MAX: Mixed Picture On January Home Sales
January home sales were 22% lower than the number of sales in December, but were 9.1% above January 2011 levels, according to new...
Neugebauer: FHA Has A ‘Credibility’ Problem
The honesty and viability of the Federal Housing Administration (FHA) was called into question by Rep. Randy Neugebauer, R-Texas, chairman of the House...
White House Issues Executive Order On Cybersecurity
President Obama signed an executive order designed to implement a framework of cybersecurity practices protecting American companies, with a particular focus on financial...
Mortgage Applications, Refi Activity Take A Spill
Last week saw a dip in both mortgage applications and refinance activity, according to data from the Mortgage Bankers Association (MBA) for the...
California Tops Nation In 2012 Rent Increases
The average rental prices for single-family residences in La Quinta, Calif., increased more than anywhere else in the country during 2012, according to...
Record Number Of California Homes Bought With Cash
The number of California homes purchased with cash reached an all-time high last year, according to new data from San Diego-based DataQuick. Last...
Canadian Housing Starts Trending Downward
Housing starts in Canada were trending at 203,208 units in January, according to new data from the Canada Mortgage and Housing Corp. (CMHC)....
HUD Issues Final Rule On Fair Housing Act Enforcement
The U.S. Department of Housing and Urban Development (HUD) has announced that it is issuing a final 83-page rule to formalize the national...
Virginia-Based Credit Union Placed In Conservatorship
The National Credit Union Administration (NCUA) has assumed control of service and operations at NCP Community Development Federal Credit Union of Norfolk, Va....
NAR: Q4 2012 Home Prices Showed Strong Performance
The median existing single-family home price rose in 133 out of 152 metropolitan statistical areas based on closings in the fourth quarter of...
PNC Mortgage Settles Maternity Discrimination Case
The U.S. Department of Housing and Urban Development (HUD) has announced an agreement with PNC Mortgage in Trumbull, Conn., settling allegations that the...
Hensarling: FHA Is ‘Impediment’ To Healthy Economy
The first hearing of the House Financial Services Committee for the 113th Congress opened with a blistering salvo aimed at the Federal Housing...
One In Eight Banks Fail Capital Adequacy Stress Test
One in eight financial institutions did not pass a proprietary capital adequacy stress test created by New York-based Trepp LLC. The Trepp Capital...
Hackers Breach Fed’s Internal Website
One of the Federal Reserve's internal websites has been breached by a group linked to the Anonymous computer hacktivist organization. The central bank...
Rand Paul Introduces A New ‘Audit The Fed’ Bill
Ron Paul may have left Capitol Hill, but his crusade to secure legislation to require audits of the Federal Reserve is being kept...
Mortgage Applications, Refi Activity Up Last Week
Mortgage applications and refinancing activity rose last week, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending...
RBS Settles LIBOR Case For $612M
The Royal Bank of Scotland (RBS) has agreed to a $612 million settlement with U.S. and U.K. authorities over charges that it manipulated...