SEC Probe Will Reportedly Not Target J.P. Morgan Executives
The U.S. Securities and Exchange Commission (SEC) is reportedly not going to file charges against individual executives as part of its planned mortgage...
Fitch Ratings: Hurricane Will Not Impact RMBS Performance
The widespread damage along the Mid-Atlantic and Northeast coast created by Hurricane Sandy is unlikely to result in any lasting effect on U.S....
Canadian Housing Starts Trended Down In October
Housing starts in Canada trended downward to 218,392 units annually in October, according to new data from the Canada Mortgage and Housing Corp....
Irish Mortgage Market Begins To Stabilize
One of Europe's most troubled real estate markets has enjoyed a long-overdue splash of good news: the number of new mortgages issued in...
Fannie Mae Posts $1.8B Q3 Profit
Fannie Mae has reported net income of $1.8 billion in the third quarter, compared with a net loss of $5.1 billion in the...
Election Brings Several Changes To Capitol Hill Power Line-Up
The 2012 election has concluded with the re-election of President Obama and the continuation of a Congress divided between a Republican-controlled House of...
MBA: Hurricane Drove Down Application And Refi Rates
The Mortgage Bankers Association (MBA) is attributing last week's 5% drop in mortgage applications and refinance activity to Hurricane Sandy and its aftermath....
Metro Area Median Home Prices Up In Q3
Growth in metropolitan area median home prices increased in the third quarter, according to new data from the National Association of Realtors (NAR)....
Ginnie Mae Guaranteed $39B In MBS In September
Ginnie Mae has announced that it guaranteed $39.08 billion in mortgage-backed securities (MBS) in September. Issuance for Ginnie Mae II single-family pools led...
List Of Improving Housing Markets Expands To 125
The number of U.S. housing markets showing consistent improvement expanded by 22 in November to a total of 125, according to the National...
Homeland Security Suggests ‘Co-op’ Approach To Cybersecurity
The U.S. Department of Homeland Security (DHS) is recommending that financial companies pool their infrastructure resources and work together to fight the increasing...
Zillow Buys Mortech For $12M
Seattle-based Zillow Inc. has announced its acquisition of Mortech Inc., a mortgage software company, for approximately $12 million in cash and 150,000 shares...
Bank Of America Sued For RMBS Losses
Another day in mortgage banking, another lawsuit: Bank of America Corp. has been sued by Royal Park Investments SA/NV over losses on approximately...
Freddie Mac: $2.9B In Q3 Net Income
Freddie Mac reported net income of $2.9 billion for the third quarter, down from net income of $3 billion for the second quarter....
Bloomberg Speculates That FHA Will Need Treasury Draw
A news article published by Bloomberg News is raising speculation that the Federal Housing Administration (FHA) may be forced to request its first-ever...
Two Community Banks Are Shut Down
The Federal Deposit Insurance Corp. (FDIC) has announced the closure of two community banks. Citizens First National Bank, based in Princeton, Ill., was...
Steady Conditions Forecast In Canadian Housing Report
Canada's new home market is expected to continue to moderate in the last quarter of this year and into 2013, while activity in...
Regulators To Create National Mortgage Database
The Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB) have teamed up to begin work on the National Mortgage Database,...
Wells Fargo Calls For Dismissal Of New Federal Lawsuit
Wells Fargo & Co. has requested the dismissal of a lawsuit filed last month by the federal government, arguing that the issue was...
Brazil Offers Foreign Investment Tax Break On MBS Purchases
The Brazilian government is now offering foreign investors a tax exemption connected to either the purchase of the nation's mortgage-backed securities (MBS) or...