FHFA Deputy Director Cross To Retire In March
Stephen Cross, the Federal Housing Finance Agency's (FHFA) deputy director of the Division of Federal Home Loan Bank Regulation, has announced that he...
MBA: Independent Mortgage Banks’ Profits Up In Q3
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,465 on each loan they originated in the third...
Fed: Another $40B Per Month In Agency MBS, Please!
The Federal Reserve is moving full speed ahead with a strategy of strengthening the economy by buying billions of dollars worth of agency...
Southern California Housing Market Hits Six-Year Sales High
Southern California's housing market registered its highest November sales in six years, according to new data released by San Diego-based DataQuick. DataQuick reports...
Former Cowboys Linebacker Sentenced In Mortgage Fraud Scam
Former Dallas Cowboys linebacker Eugene Lockhart Jr. has been sentenced to 54 months in prison for his role in a $20 million mortgage...
McInerney To Become Genworth Chief
Richmond, Va.-based Genworth Financial Inc. has selected Thomas J. McInerney to become president and CEO, effective Jan. 1. He also will be elected...
Mortgage Applications, Refi Activity Up Again
Mortgage applications and refinance activity were on the rise for the week ending Dec. 7, according to data from the Mortgage Bankers Association's...
MacArthur Foundation Seeks Proposals For Housing Study
The MacArthur Foundation has issued a request for housing research proposals as part of its How Housing Matters to Families and Communities program,...
Three Arrested In London For LIBOR Rigging
British police have arrested three individuals for their involvement in the recent scandal involving the manipulation of the London Interbank Offered Rate (LIBOR)....
KBW: 2013 Will Be Difficult For Mortgage Banking
Next year promises to be a tough year for the mortgage banking industry, according to a new forecast released by Keefe, Bruyette &...
Treasury Conducts Public Offering On Remaining AIG Stock
The U.S. Department of the Treasury has launched an underwritten public offering for all of its remaining 234,169,156 shares of American International Group...
Canada Housing Starts Down In November
Housing starts in Canada were trending at 214,680 units in November, according to Canada Mortgage and Housing Corp. (CMHC), continuing a downward trend....
Morici: Scrap The Mortgage Interest Deduction
One of the most prominent U.S. economists is proposing that the fiscal cliff negotiators send a 'sacred cow' of the tax code, the...
Global DMS Hosting Valuation Webinar
Global DMS, a provider of valuation management software, is presenting a free webinar on Dec. 12 at 2:00 p.m. Eastern that will address...
Fannie Mae: Attitudes On Housing Continue To Improve
According to Fannie Mae's November 2012 National Housing Survey, Americans are showing 'increased confidence in the housing market and the direction of the...
StreetLinks Takes Deeper Dive Into Collateral Valuation Technology
StreetLinks Lender Solutions LLC has debuted its suite of Quality Examination (QX) collateral review products and established its new automated examination and valuation...
Number of Improving Housing Markets Surges To 201
The number of housing markets considered 'improving' according to parameters established by the National Association of Home Builders (NAHB)/First American Improving Markets Index...
Donovan Tries To Assure Congress Of FHA Viability
The head of the U.S. Department of Housing and Urban Development (HUD) has stated that the challenges facing the Federal Housing Administration (FHA)...
CFPB And DOJ To Coordinate Fair Lending Enforcement
The U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) have signed an agreement to strengthen coordination on fair lending...
Deutsche Bank: $7.4B In Private-Label Issuances This Year
A new report from Deutsche Bank AG has found that U.S. securitization issuances that were not backed by the federal government more than...