Pending Home Sales Up In November
Pending home sales increased in November for the third straight month and reached the highest level in two-and-a-half years, according to the National...
Senate Confirms Galante As FHA Commissioner
The U.S. Senate has confirmed Carol J. Galante to become the next commissioner of the Federal Housing Administration (FHA). The Senate voted 69-24,...
House Ethics Committee Drops Countrywide Probe
The House Ethics Committee has dropped its probe of allegations that Countrywide Financial Corp. sought to peddle influence on Capitol Hill through its...
UAE Caps Mortgage Lending For Expatriates
The Central Bank of the United Arab Emirates (UAE) has directed the nation's financial institutions to cap mortgage lending for expatriates at 50%...
Timothy M. Warren, Financial Publisher, Dies At 89
Timothy M. Warren, board chairman of The Warren Group and former publisher of the trade magazine Banker & Tradesman, passed away on Dec....
Idaho Mortgage Broker Charged With $24M Fraud
The Idaho Department of Finance has filed a civil complaint against a local mortgage broker for allegedly defrauding investors of $24 million. Stephen...
America To Honey Boo Boo: Stay Out Of Our Neighborhood!
Would you like to live next door to Honey Boo Boo and her family? Well, consider yourself to be in a very lonely...
U.K. Mortgage Approvals Up In November
Mortgage approvals in the U.K. rose in November to their highest level since January, signaling a possible stabilization of the nation's tumultuous housing...
GOP Announces House Financial Services Committee Leadership
Rep. Jeb Hensarling, R-Texas, the chairman-elect of the House Financial Services Committee, has announced the committee's Republican leadership for the 113th Congress. California...
Single-Family Home Sales Up 4.4% In November
Sales of new single-family houses in November were at a seasonally adjusted annual rate of 377,000, according to estimates released jointly today by...
CDFI Fund Plans $165M Funding For FY 2013
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) is expecting to provide up to $165 million in financial...
New Survey Predicts 2013 Home Prices To Rise 3.1%
A new survey of 105 economists and real estate industry experts is forecasting home prices to rise 3.1% in 2013. The survey -...
S&P/Case-Shiller, LPS Track 4.3% Annual Rise In October Home Prices
Home prices in October were on the rise, according to a pair of new data surveys. The 10- and 20-city composites in the...
PIMCO CEO To Chair President’s Global Development Council
The White House has announced that Mohamed A. El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co. LLC (PIMCO), was appointed...
CertusBank Acquires Resource Financial Services
Greenville, S.C.-based CertusBank has announced its agreement to purchase Resource Financial Services Inc. of Columbia, S.C., an independently owned mortgage company. Founded in...
North Dakota Leads Nation In Population Growth
Originators in search of a fast-growing market should consider setting up shop in North Dakota. According to new data released by the U.S....
MVB Financial Closes On PMG Purchase
MVB Financial Corp., based in Fairmont, W. Va., has closed its previously announced acquisition of Reston, Va.-based Potomac Mortgage Group LLC (PMG). The...
Freddie Mac Chief Economist: Fiscal Cliff Will Damage Housing Recovery
The new year will not be a happy one for the housing market if the federal government cannot resolve the fiscal cliff dilemma,...
Aite Group: Mobile Banking Transactions Will Triple By 2016
The financial services industry has vigorously responded to the growing number of consumers using mobile devices to conduct financial transactions and activities, according...
Wright House Threatened With Demolition Is Sold For $2.3M
The fate of a Frank Lloyd Wright-designed house in Arizona that was threatened with demolition by its owners has been resolved with the...