Canadian Housing Starts Trending Downward
Housing starts in Canada were trending at 203,208 units in January, according to new data from the Canada Mortgage and Housing Corp. (CMHC)....
HUD Issues Final Rule On Fair Housing Act Enforcement
The U.S. Department of Housing and Urban Development (HUD) has announced that it is issuing a final 83-page rule to formalize the national...
Virginia-Based Credit Union Placed In Conservatorship
The National Credit Union Administration (NCUA) has assumed control of service and operations at NCP Community Development Federal Credit Union of Norfolk, Va....
NAR: Q4 2012 Home Prices Showed Strong Performance
The median existing single-family home price rose in 133 out of 152 metropolitan statistical areas based on closings in the fourth quarter of...
PNC Mortgage Settles Maternity Discrimination Case
The U.S. Department of Housing and Urban Development (HUD) has announced an agreement with PNC Mortgage in Trumbull, Conn., settling allegations that the...
Hensarling: FHA Is ‘Impediment’ To Healthy Economy
The first hearing of the House Financial Services Committee for the 113th Congress opened with a blistering salvo aimed at the Federal Housing...
One In Eight Banks Fail Capital Adequacy Stress Test
One in eight financial institutions did not pass a proprietary capital adequacy stress test created by New York-based Trepp LLC. The Trepp Capital...
Hackers Breach Fed’s Internal Website
One of the Federal Reserve's internal websites has been breached by a group linked to the Anonymous computer hacktivist organization. The central bank...
Rand Paul Introduces A New ‘Audit The Fed’ Bill
Ron Paul may have left Capitol Hill, but his crusade to secure legislation to require audits of the Federal Reserve is being kept...
Mortgage Applications, Refi Activity Up Last Week
Mortgage applications and refinancing activity rose last week, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending...
RBS Settles LIBOR Case For $612M
The Royal Bank of Scotland (RBS) has agreed to a $612 million settlement with U.S. and U.K. authorities over charges that it manipulated...
Court Orders Flagstar To Pay $90.1M To Assured
A U.S. District Court judge has ordered Troy, Mich.-based Flagstar Bancorp Inc. to pay $90.1 million to Assured Guaranty Municipal Corp. as reimbursement...
List Of Improving Housing Markets Expands To All 50 States
The number of improving housing markets continued to expand for a sixth consecutive month to a total of 259 metropolitan areas on the...
Mass. AG To Pursue Separate S&P Probe
Massachusetts Attorney General Martha Coakley has announced that her office will conduct its own investigation regarding Standard & Poor's Rating Services' (S&P) actions...
Cuomo Seeks $400M Purchase Of Hurricane-Damaged Coastal Properties
New York's Gov. Andrew M. Cuomo has proposed the allocation of $400 million to acquire coastal-area homes that were destroyed by Hurricane Sandy,...
It’s Official: Justice Dept. Sues S&P Over 2007 Ratings
In an announcement that came as no surprise to anyone, the U.S. Department of Justice (DOJ) has formally filed civil fraud charges against...
New Federal Initiative Focuses On Healthy Homes
A consortium of federal agencies has pooled their resources to present 'Advancing Healthy Housing - A Strategy for Action,' a new initiative to...
New Name For New American Mortgage
Charlotte, N.C.-based New American Mortgage LLC has changed its name to Movement Mortgage LLC. Founded in 2008, the company has 170 offices in...
Credit Union Assets Grew 6.5% In 2012
Last year was a very good year for the credit union industry, according to new data released by the Credit Union National Association...
S&P: Justice Department Plans Lawsuit Over 2007 CDO Ratings
Standard & Poor's Rating Services (S&P) has announced that it received word from the U.S. Department of Justice (DOJ) of an impending civil...