Shiller: Talk Of Housing Recovery Is Premature
Robert Shiller is looking into the future of the housing market, and he is not optimistic. 'The housing market has been declining for...
Record Number Of Bank Branch Closings In 2012
There were fewer bank branches operating across the country last year - 1,118 fewer, to be precise. CNN reports that a new study...
FHFA Settles Lawsuit Against General Electric
The Federal Housing Finance Agency (FHFA) has reached a deal with General Electric Co. (GE) to settle the agency's lawsuit related to a...
Obama Re-Nominates Cordray To Lead CFPB
President Obama has launched a sequel to one of the most contentious controversies of his first term by re-nominating Richard Cordray to lead...
Mortgage Brokers Group Blasts CFPB’s Compensation Rule
The National Association of Mortgage Brokers (NAMB) has come out against the new loan officer compensation rules issued by the Consumer Financial Protection...
GAO: Half Of Dodd-Frank Rules Remain Unfinished
A new report issued by the U.S. Government Accountability Office (GAO) found that the federal regulators ended 2012 with less than half of...
Citigroup Named Top REIT Equity Underwriter Of 2012
Citigroup Inc. has been named by the Wall Street Journal as the top equity underwriter for real estate investment trusts (REITs) in 2012,...
FFIEC Takes On Social Media Guidance
In new outreach that will probably not provoke LOLs across the financial services industry, the Federal Financial Institutions Examination Council (FFIEC) has released...
Harvard Report Forecasts Increased Activity In Home Remodeling
The U.S. remodeling industry appears to be pulling out of its downturn, and a renewal of the nation's housing stock is under way,...
Envoy Mortgage Creates Correspondent Lending Division
Houston-based Envoy Mortgage is expanding its nationwide mortgage origination offerings by launching a correspondent lending division with its operations center located in Monroe,...
Sen. Corker Cautions Regulators About QRM Rules
Sen. Bob Corker, R-Tenn., has sent a letter to the federal banking regulators requesting simplified and synchronized underwriting standards for new qualified residential...
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...