Carver Bancorp Announces Executive Changes
Carver Bancorp Inc., the New York-based holding company for Carver Federal Savings Bank, has announced several changes to its executive management team. Michael...
Mortgage Applications, Refi Activity Continue To Rise
Mortgage applications and refinance activity rose again, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Jan....
NCOA Releases 2013 Edition Of Reverse Mortgage Guide
The National Council on Aging (NCOA) has announced the availability of the 2013 version of 'Use Your Home to Stay at Home,' the...
NAR: Existing-Home Sales Up In 2012
Existing-home sales eased in December but are well above a year ago, according to new data from the National Association of Realtors (NAR),...
Zillow: Home Values Up 5.9% In 2012
U.S. home values ended 2012 up 5.9% over the end of 2011, marking four consecutive quarters of national home value appreciation, according to...
KB Home, Nationstar Form New Mortgage Entity
KB Home, a Los Angeles-based home builder, has entered into an agreement with Lewisville, Texas-based Nationstar Mortgage LLC to form Home Community Mortgage...
CFPB Issues New Rules On Loan Steering And Regulation Z
The Consumer Financial Protection Bureau (CFPB) has continued to reshape the mortgage banking industry with the introduction of two new rules. On Friday...
Minnesota Community Bank Is Shut Down
1st Regents Bank, based in Andover, Minn., was closed by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corp. (FDIC)...
IOSCO Publishes Report On Complex Financial Product Distribution
The International Organization of Securities Commissions (IOSCO), an international policy forum whose membership regulates more than 95% of the world's securities markets in...
Feb. 5 Webinar Focuses On New CFPB Rules
The law firm Ballard Spahr is hosting a free webinar on Feb. 5 that focuses on the new ability-to-repay and qualified mortgage (QM)...
PBS Film Examines Why DOJ Did Not Indict Wall Street Executives
The PBS series 'Frontline' will present a new documentary on Jan. 22 that questions why the Obama administration has yet to indict any...
CFPB Announces New Appraisal Rule
The Consumer Financial Protection Bureau (CFPB) has adopted a new rule that requires mortgage lenders to provide applicants with free copies of all...
Texas Rep. Introduces Fair Housing Legislation
Rep. Al Green, D-Texas, has introduced legislation designed to strengthen the government's focus on fair housing policy. Green's Housing Fairness Act of 2013...
Kansas Governor Seeks Elimination Of Mortgage Interest Deduction
Kansas Gov. Sam Brownback has proposed that his state eliminate its home mortgage interest deduction. The Kansas City Star reports that Brownback's push...
Donovan To Remain For Obama’s Second Term
Although several prominent members of President Obama's cabinet have announced plans not to continue in their jobs during the administration's second term, the...
Housing Starts Up In December
Single-family housing starts in December 2012 were at a rate of 616,000, which is 8.1% above the revised November figure of 570,000, according...
Genworth Spins Mortgage Insurance Unit Into Separate Company
Richmond, Va.-based Genworth Financial Inc. has announced that it has begun to spin off Genworth Mortgage Insurance Co. (GMICO), the company's main U.S....
Regulators Pass Appraisal Standards For Higher-Risk Mortgages
The federal financial regulatory agencies have approved rules requiring residential lenders offering higher-risk mortgages to use certified or licensed appraisers. Under the new...
First Bank Closure Of 2013 In Washington State
Westside Community Bank, located in University Place, Wash., has become the first bank to be closed this year. The Washington State Department of...
Builder Confidence Remains Unchanged
Builder confidence in the market for newly built, single-family homes was unchanged in January, remaining at a level of 47 on the National...