Fitch Ratings: Shortage Of Developed Lots Could Thwart Recovery
A growing scarcity of well-located finished lots for builders has the potential to dampen the momentum for new home construction, according to a...
Senate Banking Committee Chairman To Announce Retirement
Sen. Tim Johnson, D-S.D., the chairman of the Senate Banking Committee, will not seek re-election in 2014. TheHill.com reports that Johnson will announce...
S&P/Case-Shiller: Home Prices Shot Up In January
The S&P/Case-Shiller Home Price Indices showed average home prices increased 7.3% for the 10-city composite and 8.1% for the 20-city composite in the...
Boston Mayor Plans 30,000 Housing Units By 2020
Boston Mayor Thomas M. Menino is pushing a plan to add up to 30,000 new housing units by 2020. The Boston Globe reports...
Chamberlain Promoted To PNC Mortgage CEO
PNC Mortgage, a division of PNC Bank NA, has named E. Todd Chamberlain CEO. Chamberlain, who joined PNC Mortgage in 2011 as president...
Regulators Update Guidance On Leveraged Lending
Three federal regulatory agencies - the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corp. -...
FHLBank Atlanta To Provide $21.3M In AHP Funding
The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) will award $21.3 million in grants to its member financial institutions and their community...
Chrysalis Holdings Acquires Loan Officer Training Firm
Fulton, Md.-based Chrysalis Holdings LLC, the parent company of NewDay USA, has acquired the intellectual assets of Abacus Mortgage Training and Education, a...
274 Metros Cited On Improving Housing Market List
The list of improving U.S. housing markets expanded for a seventh consecutive month in March to include 274 metros on the National Association...
AEI To Host April 9 Seminar On Housing’s Future
The American Enterprise Institute (AEI) is presenting a free seminar on April 9 on the near-term future of the housing market. The seminar...
Senior Home Equity At Highest Rate Since 2009
Americans 62 years old and older now have more equity in their homes than at any time since mid-2009, according to data released...
Existing-Home Sales Up 0.8% In February
Total existing-home sales increased 0.8% to a seasonally adjusted annual rate of 4.98 million in February from an upwardly revised 4.94 million in...
NCUA Hits Setback In Lawsuit Against Goldman Sachs
The National Credit Union Administration (NCUA) received a judicial setback when a federal judge in Los Angeles tentatively dismissed several claims in a...
Freddie Mac Sues 15 Banks Over LIBOR Rigging
Freddie Mac has filed a lawsuit against 15 big banks for their alleged rigging of the London Interbank Offered Rate (LIBOR). The Associated...
Home Values Up 0.1% In February
Home values nationwide rose for the 16th straight month in February, according to new data from Seattle-based Zillow. U.S. home values rose 0.1%...
Webinar To Focus On Cybersecurity
The law firm Ballard Spahr LLP is hosting a free April 2 webinar on cybersecurity issues. 'Data security breaches are unavoidable today, and...
Court Rules FHFA Can Reject PACE Program Loans
A federal appeals court in San Francisco has dismissed a lawsuit against the Federal Housing Finance Agency (FHFA) for its refusal to allow...
Mortgage Applications, Refi Activity Down Last Week
Mortgage applications and refinance activities dropped last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
JPMorgan Chase Issues First RMBS Since 2007
The long-dormant private-label market has received a jolt: For the first time since 2007, JPMorgan Chase & Co. is planning to sell $616...
Enterprise Bank & Trust Acquires F&M Bank’s Mortgage Division
St. Louis-based Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp., has announced definitive agreement to acquire certain assets of...