Rep. Capito Announces 2014 Senate Bid
Rep. Shelley Moore Capito, R-W.Va., the chairwoman of the House Subcommittee on Financial Institutions and Consumer Credit, has announced that she will run...
Schapiro To Quit SEC In December
Mary L. Schapiro has announced that she will resign as chairwoman of the U.S. Securities and Exchange Commission (SEC) on Dec. 14. The...
NMLS Hosts Dec. 6 Webinar On Renewal Processes
The Nationwide Mortgage Licensing System & Registry (NMLS) is hosting a webinar on Dec. 6 to discuss the annual renewal processes for federal...
Hammerhouse Debuts Division For Mortgage Banking Jobs
Hammerhouse LLC, a national recruiting and strategic growth firm for the financial services industry, has launched a new division called Tactical Ops Recruiting...
New Mortgage Insurer Gets Green Light In California
A start-up mortgage insurance company has received approval to operate in one of the nation's most lucrative real estate markets. National Mortgage Insurance...
DOJ Seeks To Dismiss Legal Challenge To Dodd-Frank Act
The U.S. Department of Justice (DOJ) has called for the dismissal of a federal lawsuit that challenges the constitutionality of the Dodd-Frank Act....
NY Attorney General Sues Credit Suisse For RMBS Fraud
Another day in mortgage banking, another lawsuit: New York Attorney General Eric T. Schneiderman has filed a lawsuit against Credit Suisse Securities (USA)...
Zillow: Home Values Up 1.1% In October
National home values rose 1.1% in October to $155,400, according to new data released by Zillow. This monthly increase was the largest since...
MBA: Mortgage Applications, Refi Activity Down Again
Mortgage applications and refinance activity took a dip for the week ending Nov. 16, according to the Mortgage Bankers Association's (MBA) weekly mortgage...
George F. Will Advocates The ‘Judicial Dismantling’ Of CFPB
One of the most prominent U.S. political commentators has fired a salvo at the Consumer Financial Protection Bureau (CFPB), bluntly questioning its lack...
Spain Plans To Encourage Foreign Purchase Of Houses
In an attempt to address its ongoing economic woes, the Spanish government is planning to offer residency permits to foreigners who buy houses...
Quicken Loans Debuts Thanksgiving Parade Float
Quicken Loans has gotten an early start on the Thanksgiving holiday by unveiling its new 'What If?' parade float outside of its downtown...
Mixed Picture For October Housing Starts
Single-family housing starts in October were at a rate of 594,000, which is 0.2% below the revised September figure of 595,000, according to...
CFPB And FTC Target Misleading Mortgage Advertisements
The Consumer Financial Protection Bureau (CFPB), in partnership with the Federal Trade Commission (FTC), has issued warning letters to approximately a dozen mortgage...
Marianne Lake To Become CFO At JPMorgan Chase
JPMorgan Chase & Co. has promoted Marianne Lake from chief financial officer (CFO) of its consumer and community banking business to CFO for...
Existing-Home Sales Up In October
Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, according to new data from the National Association...
Mixed Reaction Follows FHA MMIF Actuarial Report
The reaction to the release of an independent actuarial report that detailed the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund (MMIF) falling...
Georgia Community Bank Is Shut Down
Hometown Community Bank, based in Braselton, Ga., has become the 50th bank to fail this year. Hometown Community Bank was closed by the...
Builder Confidence Up In November
Builder confidence in the market for newly built, single-family homes posted a solid, five-point gain to 46 on the National Association of Home...
Bryn Mawr Trust Completes Delaware Bank Purchase
Bryn Mawr Bank Corp., parent company of The Bryn Mawr Trust Co., has announced the completion of its acquisition of First Bank of...