Three State Credit Union Leagues Seek Merger
The boards of three state credit union associations - the Arkansas Credit Union League, the Credit Union Association of Oklahoma and the Texas...
RE/MAX: Home Sales Up In November
November home sales saw the second-highest year-over-year increase this year, with a 15.7% rise from last November, according to new data from RE/MAX....
NCUA Sues Bear Stearns
Another day in mortgage banking, another lawsuit. This time, the National Credit Union Administration (NCUA) has filed suit in Federal District Court in...
Tumult Continues Over Cordray Recess Appointment
The Jan. 4 recess appointment of Richard Cordray as the first director of the Consumer Financial Protection Bureau (CFPB) continues to create controversy,...
Treasury Receives Payment From Final AIG Stock Sale
The U.S. Department of the Treasury has received payment from its final sale of American International Group (AIG) common stock. According to a...
QuestSoft Christmas Video Addresses ‘Dodd-Frank Syndrome’
Do you suffer from Dodd-Frank Syndrome, which is defined as 'the disease that strikes mortgage compliance officers overwhelmed by the flood of rules...
Survey: Nearly Half Of U.S. Lives Paycheck To Paycheck
Here's somewhat discouraging news for lenders and servicers: Almost half of Americans (48%) indicate they are living paycheck to paycheck today, according to...
Lender Offers Zoo Membership As Incentive Gift
A Colorado lender has a unique incentive gift for borrowers: family membership at a local zoo. The Pueblo Chieftain reports that Mortgage Solutions...
Canadian Apartment Vacancy Rate Up In October
The average rental apartment vacancy rate in Canada's 35 major metro areas increased to 2.6% in October, up 2.2% from October 2011, according...
FHFA Deputy Director Cross To Retire In March
Stephen Cross, the Federal Housing Finance Agency's (FHFA) deputy director of the Division of Federal Home Loan Bank Regulation, has announced that he...
MBA: Independent Mortgage Banks’ Profits Up In Q3
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,465 on each loan they originated in the third...
Fed: Another $40B Per Month In Agency MBS, Please!
The Federal Reserve is moving full speed ahead with a strategy of strengthening the economy by buying billions of dollars worth of agency...
Southern California Housing Market Hits Six-Year Sales High
Southern California's housing market registered its highest November sales in six years, according to new data released by San Diego-based DataQuick. DataQuick reports...
Former Cowboys Linebacker Sentenced In Mortgage Fraud Scam
Former Dallas Cowboys linebacker Eugene Lockhart Jr. has been sentenced to 54 months in prison for his role in a $20 million mortgage...
McInerney To Become Genworth Chief
Richmond, Va.-based Genworth Financial Inc. has selected Thomas J. McInerney to become president and CEO, effective Jan. 1. He also will be elected...
Mortgage Applications, Refi Activity Up Again
Mortgage applications and refinance activity were on the rise for the week ending Dec. 7, according to data from the Mortgage Bankers Association's...
MacArthur Foundation Seeks Proposals For Housing Study
The MacArthur Foundation has issued a request for housing research proposals as part of its How Housing Matters to Families and Communities program,...
Three Arrested In London For LIBOR Rigging
British police have arrested three individuals for their involvement in the recent scandal involving the manipulation of the London Interbank Offered Rate (LIBOR)....
KBW: 2013 Will Be Difficult For Mortgage Banking
Next year promises to be a tough year for the mortgage banking industry, according to a new forecast released by Keefe, Bruyette &...
Treasury Conducts Public Offering On Remaining AIG Stock
The U.S. Department of the Treasury has launched an underwritten public offering for all of its remaining 234,169,156 shares of American International Group...