Man Arrested In Attempt To Bomb New York Fed HQ
The Federal Bureau of Investigation (FBI), working in cooperation with the New York Police Department, has arrested a man in an attempted terrorist...
Citigroup CEO Abruptly Resigns
Citigroup has experienced an unexpected executive shake-up, with Vikram Pandit abruptly stepping down from his positions as CEO and a member of the...
Home Builder Confidence Rises Again
Builder confidence in the market for newly built, single-family homes edged slightly higher for a sixth consecutive month in October, according to the...
ACLU Sues Morgan Stanley Over Subprime Loans To African Americans
The American Civil Liberties Union (ACLU) has filed a lawsuit in the U.S. District Court in New York against Morgan Stanley, charging that...
Homeowners Sue 12 Banks Over LIBOR Rigging
Five U.S. homeowners filed a lawsuit in U.S. District Court against 12 banks, charging them with the manipulation of the London Interbank Offered...
Census Bureau Creates Committee On Demographic Trends
Data hounds eager to sniff out new demographic information will have more numbers to work with: The U.S. Census Bureau has established the...
MISMO Seeks Nominees For Governance Committees
MISMO, the standards development body for the mortgage industry, is now accepting nominations for industry professionals to serve on its governance committees. The...
Trade Groups Announce New Alliance
The National Association of Women REO Brokerages (NAWRB) and Women Construction Owners and Executives (WCOE) have announced a memorandum of understanding designed to...
Flushing Savings Bank Seeks Commercial Bank Charter
Flushing Financial Corp., the Lake Success, N.Y.-based holding company for Flushing Savings Bank FSB, has filed an application with the New York State...
Lower-Priced Home Inventory Drops 19.4% In Past Year
The national inventory of lower-priced homes for sale, which are commonly sought by first-time homebuyers, fell 19.4% in the past year, according to...
Equifax, Direct Lending Source Settle FTC Charges
Equifax Information Services LLC and Direct Lending Source Inc. have agreed to settle charges brought by the Federal Trade Commission (FTC) over the...
Trepp: One In Eight Banks Failed New Stress Test
One in eight U.S. banks are at risk, according to the results of the first Capital Adequacy Stress Test Report conducted by Trepp...
Envoy Mortgage Creates Home Builder Division
Houston-based Envoy Mortgage has expanded its business with the launch of its new National Builder Division platform. According to the company, the new...
Mortgage Applications Down Last Week
Mortgage applications decreased in the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Oct. 5. The MBA's market...
Feds Sue Wells Fargo For FHA Fraud
The U.S. Attorney for the Southern District of New York and the U.S. Department of Housing and Urban Development (HUD) has filed a...
FHFA Updates Strategic Plan
The Federal Housing Finance Agency (FHFA) has released an updated strategic plan for its operations during fiscal years 2013-2017. The plan, subtitled, 'Preparing...
Federal Reserve Publishes Final Dodd-Frank Stress Testing Rules
The Federal Reserve Board has published two final rules with stress testing requirements for certain bank holding companies, state member banks, and savings...
Canadian Housing Starts Down In September
Housing starts in Canada trended downwards to 224,419 units annually in September, according to new data from the Canada Mortgage and Housing Corp....
Webinar To Detail CFPB Focus On Consumer Risk Response
Ballard Spahr LLP and KPMG are teaming up to offer a free webinar on Oct. 15 that details what the Consumer Financial Protection...
Age Cap Lifted On Free Public Housing For Moscow Orphans
Moscow residents who are orphans will not be able to obtain free public housing, regardless of their age. The Moscow Times reports that...