Barney Frank Blames GOP For Delaying Dodd-Frank Progress
Why is it taking so long for the Dodd-Frank Act's many rules and requirements to become enacted? According to the legislation's co-author, former...
CFPB Charges Four Mortgage Insurers With ‘Improper Kickbacks’
The Consumer Financial Protection Bureau (CFPB) has announced enforcement actions against four mortgage insurance companies that the agency alleges were involved in 'improper...
Fitch Ratings: Canadian Banks Remain Solid Despite Mortgage Slowdown
Canada's six largest banks have remained strong in spite of a considerable slowdown in mortgage originations and continuing concerns over rising consumer debt,...
CoreLogic: Year-Over-Year Home Prices Up 10.2% In February
Home prices nationwide increased 10.2% on a year-over-year basis in February, according to Irvine, Calif.-based CoreLogic. This represents the biggest year-over-year increase since...
Mortgage Applications, Refi Activity Down Last Week
Mortgage applications and refinance activity took a tumble last week, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Vacation Home Sales Up 10.1% In 2012
Vacation home sales rose 10.1% to 553,000 last year, up from 502,000 in 2011, according to new data from the National Association of...
NCUA Reaches $165M Settlement With Bank Of America
The National Credit Union Administration (NCUA) has announced a settlement with Bank of America and some of its subsidiaries for $165 million for...
Obama Declares April To Be National Financial Capability Month
President Obama has issued a proclamation declaring April to be National Financial Capability Month. However, the proclamation had less to do with extolling...
Fannie Mae Generated Largest Annual Net Income During 2012
Fannie Mae has reported an annual net income of $17.2 billion for 2012 and a quarterly net income of $7.6 billion for the...
Independent Mortgage Banks Saw Q4 Profit Per Loan Shrink
During the fourth quarter of 2012, independent mortgage banks and mortgage subsidiaries of chartered banks recorded an average profit of $2,256 on each...
EverBank Joins Private-Label Secondary Market
In the latest sign of new activity in the private-label market, Jacksonville, Fla.-based EverBank has sold $307.4 million in residential mortgage pass-through certificates...
Former SEC Chief Schapiro Joins Promontory Financial
Mary L. Schapiro, the former chairwoman of the U.S. Securities and Exchange Commission (SEC), has crossed over to the private sector to become...
Survey: 57% Of Americans Concerned Over Inadequate Savings
More than half of all Americans are worried about their lack of savings, and more than one-quarter of the population is concerned about...
Construction Spending Up In February
Construction spending during February was estimated at a seasonally adjusted annual rate of $885.1 billion, which is 1.2% above the revised January estimate...
Court Dismisses LIBOR Lawsuits Against Banks
A U.S. District Court judge has dismissed antitrust lawsuits against major banks that were charged in rigging the London Interbank Offered Rate (LIBOR)....
Sen. Sanders Seeks To Break Up ‘Too Big To Jail’ Banks
Sen. Bernie Sanders, I-Vt., has announced that he will introduce legislation to break up the so-called 'too big to jail' banks. Sanders' proposed...
Pending Home Sales Dipped In February
February pending home sales flattened with limited buyer choices, according to new data from the National Association of Realtors (NAR). NAR's Pending Home...
Mortgage Applications, Refi Activity Up Last Week
Mortgage applications and refinance activity ticked upward, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week...
Report Faults FHFA On Compliance Monitoring
The Federal Housing Finance Agency's Office of the Inspector General (FHFA OIG) has issued a report that claims the regulator is doing an...
Obama Promises No Recess Appointments During Senate Easter Break
The White House and the Senate have brokered a deal in which the president will not make recess appointments while Congress is off...