Canadian Housing Starts Up In February
Housing starts in Canada were trending at 195,087 units in February, according to new data from the Canada Mortgage and Housing Corp. (CMHC)....
Wells Fargo Seeks 90 Oregon Underwriters
Now here's something you don't hear about every day: a major lender on a hiring spree. The Portland Business Journal reports that Wells...
HUD Signs Disaster Mitigation Pact With Dutch Government
U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan and Melanie Schultz van Haegen, the minister of infrastructure and the environment for the...
Holder: Prosecuting Wall Street Could Wreck Economy
U.S. Attorney General Eric Holder has offered a new reason regarding the U.S. Department of Justice's lack of criminal prosecution against Wall Street...
Shelby Introduces Bills To Upgrade Dodd-Frank Process
Sen. Richard Shelby, R-Ala., the ranking member of the Senate Banking Committee, has introduced two legislative proposals aimed at 'clarifying and streamlining the...
Cordray Confirmation Hearing Set For March 12
Get ready to rumble: Richard Cordray, the embattled director of the Consumer Financial Protection Bureau (CFPB), is returning to Capitol Hill on March...
AIG Debuts Mortgage Unit
American International Group (AIG) has launched a new business unit called Connective Mortgage Advisory Co. that will identify and buy residential whole loan...
New Report Shows Increasing Housing Demand Among Immigrants
Homeownership and rental demand of foreign-born households will continue to increase as growing numbers of immigrants settle longer in the U.S., according to...
MBA Chief Questions Single Securitization Platform Plan
The new single securitization platform plan proposed by Edward DeMarco, acting director of the Federal Housing Finance Agency, was faulted by David H....
The Sun Will Set On 40 SunTrust Branches
Atlanta-based SunTrust Banks Inc. is planning to close approximately 40 branches during the first quarter of this year. The Atlanta Business Chronicle reports...
DeMarco Announces Plan For New Securitization Entity
Edward DeMarco, acting director of the Federal Housing Finance Agency, has unveiled plans to create a company that will securitize residential mortgages. In...
Quality Mortgage Services Opens Outsourcing Company
Brentwood, Tenn.-based Quality Mortgage Services LLC has announced the opening of QMiS Systems, a provider of knowledge processing outsourcing and business processing outsourcing...
Federal Credit Unions Enjoyed Record Earnings In 2012
Federally insured credit unions enjoyed a smashing 2012, with record earnings of $8.5 billion, according to data released by the National Credit Union...
Court Gives Green Light To Bond Lawsuit
The U.S. Court of Appeals in Manhattan has reversed a lower-court ruling that allowed a quartet of financial institutions to avoid facing a...
FHA Reportedly Planning Rival QM Rule
It appears that one new qualified mortgage (QM) rule is not enough - another QM rule is reportedly in the works. Bloomberg News...
Freddie Mac Posts $11B Profit For 2012
What a difference a year makes: Freddie Mac posted an $11 billion annual profit in 2012, compared to its $5.3 billion loss in...
China Seeks To Cool Overheated Housing Market
In an attempt to slow the rapid growth of its national housing market, the Chinese government has instructed its central bank to raise...
Warren Scolds GOP For Holding Cordray Appointment ‘Hostage’
Sen. Elizabeth Warren, D-Mass., angrily compared the blockage of Richard Cordray's confirmation as director of the Consumer Financial Protection Bureau (CFPB) to an...
Bloomberg BusinessWeek Housing Coverage Slammed For Racially Insensitive Artwork
The latest issue of Bloomberg BusinessWeek magazine has been criticized by the Columbia Journalism Review (CJR) for the use of racial and ethnic...
Senate Confirms Lew For Treasury Spot
The U.S. Senate has confirmed White House Chief of Staff Jack Lew as the next Secretary of the Treasury. USA Today reports that...