Southern California Housing Closed 2012 On A High Note
Southern California's housing market ended 2012 with the highest December home sales in three years, according to new data released by San Diego-based...
Trade Group Head Criticizes CFPB For Bank Auditing Hiccups
In a relatively rare display of overt industry criticism aimed at the Consumer Financial Protection Bureau (CFPB), the head of a major financial...
Mortgage Applications, Refi Activity On The Rise
Mortgage applications and refinance activity were on the upswing last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications...
New Harvard Report Studies Access To Mortgage Credit
The Harvard Joint Center for Housing Studies has issued a new report that examines lending patterns during the housing boom and the current...
Bernanke: We Don’t Need The Debt Ceiling
Ben Bernanke has weighed in on the growing debate over the federal debt ceiling, arguing that the nation could do without it. TheHill.com...
Fiserv Buys Open Solutions For $55M
Brookfield, Wis.-based Fiserv Inc. has paid $55 million to acquire Open Solutions Inc., a Glastonbury, Conn.-based provider of collaborative, enterprise core account processing...
CoreLogic: Home Prices Up In November
Home prices nationwide, including distressed sales, increased on a year-over-year basis by 7.4% in November 2012 compared to November 2011, according to new...
OCC Names New Chief Counsel
The Office of the Comptroller of the Currency (OCC) has named Amy Friend chief counsel. Friend has worked at the OCC as assistant...
MBA Hosts Jan. 16 Conference Call On QM Rule
In view of the Consumer Financial Protection Bureau's new qualified mortgage (QM) rule, the Mortgage Bankers Association (MBA) is hosting a free members-only...
Can The Housing Market Invigorate Pickup Truck Sales?
Signs of stability in the U.S. housing market are expected to help boost this year's sales of pickup trucks, according to economists with...
U.K. To Extradite Ex-Credit Suisse Officer To U.S.
A former Credit Suisse executive charged with mortgage securities fraud may be extradited from the U.K. to face charges in the U.S. The...
Zillow: 20.6M Homeowners Are Free Of Mortgage Debt
Almost 21 million Americans, or 29.3% of homeowners, are free of mortgages and own their homes outright, according to new data by Zillow...
Federal Reserve Paid Government $88.9B In 2012
The federal government received a record $88.9 billion in 2012 from the Federal Reserve, which earned its money from the mortgage-backed securities and...
Sen. Sanders Renews Effort To Keep Bank CEOs Off Fed Boards
Sen. Bernie Sanders, I-Vt., is planning to reintroduce legislation that would prohibit financial industry executives from sitting on the boards of directors of...
CFPB Unveils QM Definition And Ability-To-Repay Rule
At the stroke of midnight on Jan. 10, the Consumer Financial Protection Bureau (CFPB) formally unveiled its long-anticipated qualified mortgage (QM) definition and...
New Reports Offer Optimistic View On U.S. Mortgage Market
Fitch Ratings has released a pair of reports that offers a positive outlook on the U.S. residential mortgage market for 2013. In the...
AIG Decides Not To Sue Washington
After publicly flirting with the idea of joining a $25 billion lawsuit against the federal government over the terms of the 2008 bailout,...
Bexil Completes Castle Mortgage Acquisition
San Diego-based Bexil American Mortgage Inc. has completed its acquisition of Castle Mortgage Corp., a full-service mortgage lender headquartered in Birmingham, Ala. Terms...
CoesterVMS Hosts Jan. 23 Webinar On Ability-To-Repay Issues
Rockville, Md.-based CoesterVMS is presenting a free webinar on Jan. 23 titled 'The New Ability to Repay and Qualified Mortgage Rule.' The webinar...
Obama Nominates Jack Lew As Treasury Secretary
President Obama has nominated White House Chief of Staff Jack Lew to become the next Treasury secretary. If confirmed, he will replace Timothy...