Mortgage Applications Declined Last Week
Mortgage applications took a tumble last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week...
NCUF Presents 2013 Wegner Awards
The National Credit Union Foundation (NCUF) presented its annual Herb Wegner Memorial Award for distinguished contributions to the credit union industry. Rick Craig...
MBA Creates Regulatory Compliance Program
The Mortgage Bankers Association (MBA) has launched a new compliance program to help companies in the mortgage finance industry navigate their businesses through...
NewDay USA Establishes Philanthropic Foundation
Fulton, Md.-based NewDay USA has announced its plans to establish the NewDay USA Foundation, a tax-exempt private foundation that will serve as the...
JPMorgan Chase To Lay Off 19,000
JPMorgan Chase, the nation's largest bank, is cutting up to 19,000 jobs in its mortgage and community banking divisions. Bloomberg News reports that...
FDIC-Insured Banks Enjoyed A Profitable 2012
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) reported earnings totaling $141.3 billion in 2012, a 19.3% improvement...
Pending Home Sales Up In January
Pending home sales rose in January and have been above year-ago levels for the past 21 months, according to the National Association of...
U.S. Government Creates Mortgage Program For Haiti
The U.S. government has a solution to help the hundreds of thousands of Haitian people who are still living in tents and temporary...
ICBA Offers Plan To Ease Regulatory Burden On Community Banks
The Independent Community Bankers of America (ICBA) has launched the Plan for Prosperity, its policy platform for the 113th Congress that is designed...
Senate Committee Gives Lew The Green Light
The Senate Finance Committee has approved the nomination of White House Chief of Staff Jack Lew to become the next Treasury Secretary. TheHill.com...
S&P/Case-Shiller: Home Prices Closed 2012 On A High Note
U.S. home prices ended 2012 on a strong note, according to the latest data from the S&P/Case-Shiller Home Price Indices. The national composite...
Faith Schwartz Leaves HOPE NOW For CoreLogic
Faith Schwartz is leaving her role as executive director of HOPE NOW to become senior vice president of government solutions at Irvine, Calif.-based...
Quicken Loans Debuts NASCAR-Based Sweepstakes
Detroit-based Quicken Loans Inc. has launched the 'Bring It Home' sweepstakes, in which the company will pay five peoples' mortgages for a month...
Bipartisan Policy Center Releases Housing Finance Reform Plan
The Bipartisan Policy Center, a Washington, D.C.-based think tank that promotes bipartisan political solutions, has released a new plan that calls for the...
Regulatory Agencies Face Fiscal Pinch With Sequester Cuts
If the White House and Congress are unable to reach a deal to avoid the sequestration budget cuts by March 1, several federal...
HUD: 8.5M Experience ‘Worst Case’ Housing Needs
The number of lower income households struggling to pay their monthly rent, as well as those who may also be living in substandard...
Dick Morris Accuses Obama Of Creating New Housing Bubble
Republican strategist Dick Morris is accusing President Obama of setting the groundwork for a new housing bubble via the Federal Housing Administration (FHA)....
Canadian Housing Starts Forecast To Decline This Year
Total annual Canadian housing starts are expected to be lower in 2013 relative to 2012, according to the Canada Mortgage and Housing Corp.'s...
HUD Awards $7.3M For Affordable Tribal Housing
The U.S. Department of Housing and Urban Development (HUD) is providing eight organizations with a total of $7.3 million in grants to improve...
NAHB Seeks Reform Of Residential Appraisal System
Serious problems in the residential appraisal process must be addressed in order to restore confidence in the residential real estate market and to...