Ocwen Pays $22M For Top Reverse Mortgage Lender
Ocwen Financial Corp. has announced that it will acquire Genworth Financial Home Equity Access Inc., the nation's leading reverse mortgage originator, for approximately...
Shiller: No Great Housing Recovery On The Horizon
Economist Robert Shiller believes that a vigorous housing recovery is not going to happen in the near future. In an interview with CNBC,...
DHS: Obama May Issue Executive Order On Cybersecurity
The head of the Department of Homeland Security (DHS) has stated U.S. financial institutions are 'actively under attack' from cyber hackers and that...
Prospect Mortgage Offers Webinar On Real Estate Selling
Prospect Mortgage, headquartered in Sherman Oaks, Calif., is hosting a free webinar on Nov. 7 to help real estate professionals improve their selling...
Warren Buffett Unveils New Real Estate Venture
Warren Buffett's Berkshire Hathaway Inc. is expanding its presence in the U.S. real estate market in a new venture with Brookfield Asset Management...
Mortgage Applications, Refi Activity Fell Last Week
Mortgage applications and refinance activity declined during the week ending Oct. 26, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey....
S&P/Case-Shiller: August Home Prices Ticked Upwards
Home prices rose slightly in August, according to data released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices. Average home...
State Insurance Regulators Change Capital Requirements
The National Association of Insurance Commissioners (NAIC), an organization of state regulators, will require insurers to set aside more supporting capital for their...
Morici: Real Estate Opportunities Exist In Hurricane Sandy’s Aftermath
The devastation brought by Hurricane Sandy may help to spur a wave of real estate finance and construction opportunities, according to a new...
New Report Predicts 20% Fewer Mortgages In 2013
Next year could see 20% fewer residential mortgages being originated, according to a new study issued by the American Action Forum, a Washington,...
VA Loan Program Hits 20 Million Mark
The Department of Veterans Affairs (VA) has announced it guaranteed 20 million home loans since its home loan program was established in 1944...
FHFA Forecasts Billions More In GSE Treasury Draws
The Federal Housing Finance Agency (FHFA) anticipates that the government-sponsored enterprises (GSEs) will need to draw additional billions from the U.S. Department of...
Berkshire Hathaway Will Snag ResCap Portfolio
Residential Capital LLC (ResCap), a unit of Ally Financial Inc., has approved a $1.5 billion bid from Berkshire Hathaway for the purchase of...
SIGTARP Issues Warnings On LIBOR, AIG
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has urged the removal of the London Interbank Offered...
Nevada AG Announces $42M Settlement With RBS Financial Products
Nevada Attorney General Catherine Cortez Masto has announced that RBS Financial Products (RBSFP) will pay a $42 million settlement to resolve a two-year...
September Pending Home Sales Up Slightly
Pending home sales registered a slight tick upward in September, according to the latest data released by the National Association of Realtors (NAR)....
MBA Forecasts $1.3T In Originations Next Year
The Mortgage Bankers Association (MBA) expects to see $1.3 trillion in mortgage originations during 2013, largely driven by a spillover of refinances into...
Feds File $1B Fraud Lawsuit Against Bank Of America
The federal government has filed a $1 billion civil mortgage fraud lawsuit against Bank of America and its predecessors, Countrywide Financial Corp. and...
Single-Family Home Sales Up 5.7% in September
Sales of new single-family houses in September were at a seasonally adjusted annual rate of 389,000, according to estimates released jointly by the...
FHFA: Home Prices Up Slightly
U.S. house prices rose 0.7% on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency's (FHFA) monthly...