Court Orders Flagstar To Pay $90.1M To Assured
A U.S. District Court judge has ordered Troy, Mich.-based Flagstar Bancorp Inc. to pay $90.1 million to Assured Guaranty Municipal Corp. as reimbursement...
List Of Improving Housing Markets Expands To All 50 States
The number of improving housing markets continued to expand for a sixth consecutive month to a total of 259 metropolitan areas on the...
Mass. AG To Pursue Separate S&P Probe
Massachusetts Attorney General Martha Coakley has announced that her office will conduct its own investigation regarding Standard & Poor's Rating Services' (S&P) actions...
Cuomo Seeks $400M Purchase Of Hurricane-Damaged Coastal Properties
New York's Gov. Andrew M. Cuomo has proposed the allocation of $400 million to acquire coastal-area homes that were destroyed by Hurricane Sandy,...
It’s Official: Justice Dept. Sues S&P Over 2007 Ratings
In an announcement that came as no surprise to anyone, the U.S. Department of Justice (DOJ) has formally filed civil fraud charges against...
New Federal Initiative Focuses On Healthy Homes
A consortium of federal agencies has pooled their resources to present 'Advancing Healthy Housing - A Strategy for Action,' a new initiative to...
New Name For New American Mortgage
Charlotte, N.C.-based New American Mortgage LLC has changed its name to Movement Mortgage LLC. Founded in 2008, the company has 170 offices in...
Credit Union Assets Grew 6.5% In 2012
Last year was a very good year for the credit union industry, according to new data released by the Credit Union National Association...
S&P: Justice Department Plans Lawsuit Over 2007 CDO Ratings
Standard & Poor's Rating Services (S&P) has announced that it received word from the U.S. Department of Justice (DOJ) of an impending civil...
Senate GOP To Obama: No CFPB Confirmation Until Changes Are Made
Forty-three Republican senators have sent a letter to President Obama stating that there will be no confirmation of any nominee to run the...
GOP Senators Continue Focus On Legality Of Cordray Appointment
Senate Republicans have introduced a bill that would prevent the Consumer Financial Protection Bureau (CFPB) from receiving funding from the Federal Reserve until...
Dissent In Senate Banking Committee Over Cordray’s Legitimacy
The legally shaky status of Richard Cordray as the director of the Consumer Financial Protection Bureau (CFPB) continues to resonate, with the head...
Hensarling, Galante At Odds Over FHA’s Well-Being
The chairman of the House Financial Services Committee has declared the Federal Housing Administration (FHA) to be 'bailout broke,' while the new FHA...
Fed Votes To Maintain Securities Purchasing
The Federal Reserve is staying the course with its policy of buying massive quantities of government securities. The central bank's Federal Open Market...
SIGTARP Criticizes Treasury On Ally Repayment Problems
For the second time this week, a government watchdog is criticizing how the U.S. Department of the Treasury is dealing with companies that...
Lanny Breuer To Exit Justice Department
The U.S. Department of Justice (DOJ) has announced that Lanny Breuer, assistant attorney general in the criminal division, will leave the department on...
Homeownership Rates Rising For Foreign-Born Households
Homeownership rates among foreign-born U.S. residents are on the rise, according to new data from the U.S. Census Bureau. During 2011, 52% of...
MISMO Seeks Participation In SMART Doc Workgroup
MISMO, the mortgage industry's standards organization, is seeking interested parties to participate in a Development Workgroup (DWG) to help set industry-wide policy through...
Mortgage Applications, Refi Activity Declined Last Week
Both mortgage applications and refinance activity slumped last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for...
Mass. Governor Snubs Barney Frank Over Kerry Senate Seat
Barney Frank's high-profile effort to secure the interim U.S. Senate being vacated by John Kerry has come to naught - Massachusetts Gov. Deval...