AIG Shakes Up United Guaranty Leadership
Donna DeMaio has been promoted from chief operating officer (COO) to CEO of United Guaranty, a subsidiary of American International Group Inc. (AIG)....
Waters Named Top Democrat On Financial Services Committee
The House Democratic Caucus unanimously selected Rep. Maxine Waters, D-Calif., as the ranking Democrat on the House Financial Services Committee. TheHill.com reports that...
Mortgage Applications, Refi Activity Up Last Week
Both mortgage applications and refinance activity picked up last week, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Solera National Bank Debuts Residential Loan Division
Lakewood, Colo.-based Solera National Bank has launched a residential mortgage division. According to the bank, the new division will consist of 40 mortgage...
Elizabeth Warren To Join Senate Banking Committee
Elizabeth Warren will be returning to the Senate Banking Committee, but this time she will be asking the questions. According to reports in...
New Alliance Reshapes Mexican Housing Industry
Servicios Corporativos Javer S.A.P.I. de C.V., one of the largest privately owned housing development companies in Mexico, and Empresas ICA S.A.B. de C.V.,...
Indian Company Acquires Digital Risk
Digital Risk, the New York-based provider of mortgage risk, compliance and transaction management solutions, has entered into a definitive agreement to be acquired...
Equifax Announces $1 Billion Purchase Of CSC Credit Services
Atlanta-based Equifax Inc. has announced that its subsidiary, Equifax Information Services LLC, has entered into a definitive asset purchase agreement with CSC Credit...
Construction Spending Up In October
The U.S. Census Bureau has announced that construction spending during October was estimated at a seasonally adjusted annual rate of $872.1 billion, which...
Survey Finds Consumers Would Shop At Walmart For Mortgages
Call it a sign of the times: a new survey reveals that one in three Americans would consider obtaining a mortgage from Walmart...
Former Intel Chief Predicts Cyber Equivalent Of 9/11 Attacks
A former U.S. intelligence chief is warning that the financial services industry is facing the 'cyber equivalent of the World Trade Center attack.'...
Gruenberg And Hoenig Officially Designated To Run FDIC
Martin J. Gruenberg and Thomas M. Hoenig have been officially designated by President Obama as the new chairman and vice-chairman of the Federal...
MGIC Settles Suit Brought By New Mothers
A federal judge in Pittsburgh has approved a class action settlement brought by 20 women who claimed they were denied mortgage insurance because...
FHFA: Maximum Conforming Loan Limits To Remain Unchanged
The Federal Housing Finance Agency (FHFA) has announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac...
Dec. 6 Webinar To Examine Loan Originator Recruitment
White Plains, N.Y.-based Guaranteed Home Mortgage Co. Inc. is hosting a free webinar on Dec. 6 on how to recruit and retain loan...
NAR: Pending Home Sales Up In October
The National Association of Realtors (NAR) Pending Home Sales Index (PHSI) increased 5.2% to 104.8 in October from an upwardly revised 99.6 in...
Census Bureau: More Adults Living In Shared Households
If you're looking for tomorrow's homeowners, you may need to be patient. According to new data from the U.S. Census Bureau, 17.9% of...
ABA To Washington: Withdraw Basel III Proposals
The American Bankers Association (ABA) has urged the withdrawal of the proposed Basel III capital rules. In testimony before the House Financial Services...
SEC Drops Probe Of Wells Fargo
The U.S. Securities and Exchange Commission (SEC) has ended its inquiry into allegations of possible fraud connected to Wells Fargo's mortgage-backed securities (MBS)....
Stewart Title Featured On ‘Extreme Makover: Home Edition’
Move over, Frosty and Rudolph - Stewart Title Guaranty Co. is joining the line up of holiday season television heroes. The Houston-based company...