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...
Bell State Bank Acquires The Business Bank
Fargo, N.D.-based Bell State Bank & Trust has announced its purchase of The Business Bank and its Prime Mortgage division, both based in...
Weekly Mortgage Applications Up 11.7%
Mortgage applications increased 11.7% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Old National Acquires 24 Bank Of America Branches
Evansville, Ind.-based Old National Bancorp has announced that its bank subsidiary, Old National Bank, entered into a purchase and assumption agreement to acquire...
Milwaukee Credit Union Is Year’s First Failed Financial Institution
The year's first closure of a financial institution has been announced: The Wisconsin Office of Credit Unions liquidated Milwaukee-based New Covenant Missionary Baptist...
Four Florida Realtor Groups Launch MLS Data Initiative
Irvine, Calif.-based CoreLogic has announced that four Realtor organizations in Southwest Florida are launching a multiple listing service (MLS) data-sharing initiative using MLS...
AIG Mulls Over Lawsuit Against Washington
From the bite-the-hand-that-saves-you department: American International Group (AIG) is reportedly considering if it should join a $25 billion shareholder lawsuit against the federal...
Elizabeth Warren: Put Barney Frank In The Senate
Barney Frank's public campaign to be named interim senator for Massachusetts has been seconded by Sen. Elizabeth Warren, D-Mass. TheHill.com reports that Warren...
Petition Drive Advocates Krugman As Next Treasury Secretary
Although President Obama has yet to announce his choice for the next Treasury Secretary, more than 200,000 people have signed a petition requesting...
NAFCU Announces Leadership Change
Fred Becker, president and CEO of the National Association of Federal Credit Unions (NAFCU), has announced that he will retire on July 31....