FHFA Denies Reports That GSEs Lost Billions In LIBOR Rigging
The Federal Housing Finance Agency (FHFA) is disputing news reports that Fannie Mae and Freddie Mac lost billions of dollars as a result...
Zillow: U.S. Homes Gained $1.3T In Value During 2012
U.S. homes are expected to gain more than $1.3 trillion in cumulative value in 2012, the first annual gain in more than five...
NAR: Existing-Home Sales Up In November
Existing-home sales continued their upward trend in November, according to the National Association of Realtors (NAR). NAR reports that total existing-home sales rose...
MBA Convenes Task Force To Study GSE Reform
The Mortgage Bankers Association (MBA) has launched a task force designed to offer a strategy for comprehensive reform of the government-sponsored enterprises (GSEs)....
Kevin Watters To Lead Mortgage Banking At JPMorgan Chase
JPMorgan Chase, the nation's second largest home loan originator, has named Kevin Watters CEO of mortgage banking. Previously, Watters was head of mortgage...
Mortgage Applications, Refi Activity Down Last Week
Both mortgage applications and refinance activity fell during the week ending Dec. 14, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications...
MREC Announces First Project In Delaware
Mountain Real Estate Capital (MREC) has announced the closing of a new investment with Ocean Atlantic Cos. to acquire and build out Breakwater,...
UBS To Pay $1.5B Fine For LIBOR Rigging
Swiss bank UBS has agreed to pay a $1.5 billion fine for its role in manipulating the London Interbank Offered Rate (LIBOR). Reuters...
Housing Starts Down In November
Single-family housing starts in November were at a rate of 565,000, which is 4.1% below the revised October figure of 589,000, according to...
Canada Offers Legal Framework For Covered Bonds Market
The Canada Mortgage and Housing Corp. (CMHC), the national housing agency, has announced the details of the legal framework for the issuance of...
Builder Confidence Rises Again
Builder confidence in the market for newly built, single-family homes rose for an eighth consecutive month in December to a level of 47...
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...