Prospect Names Former Fannie Mae CEO Board Chairman
Sherman Oaks, Calif.-based Prospect Mortgage LLC has appointed Michael J. Williams, the former president and CEO of Fannie Mae, as chairman of its...
NCPC Debuts Mortgage Fraud PSA Campaign
The National Crime Prevention Council (NCPC), with funding from the U.S. Department of Justice, has produced new radio public service announcements (PSAs) to...
California Reigns With Priciest Metro Housing Markets
The five most expensive metro housing markets are all in California, according to Coldwell Banker Real Estate LLC's 2012 Home Listing Report. However,...
Fannie Mae: Most Americans Don’t Understand Mortgage Choices
When it comes to mortgage shopping, it appears that many Americans use the same strategy as the Black Friday bargain hunters: run right...
Single-Family Home Sales Slightly Down In October
Sales of new single-family houses in October were at a seasonally adjusted annual rate of 368,000, according to estimates released jointly by the...
Hensarling To Become Financial Services Committee Chairman
Rep. Jeb Hensarling, R-Texas, has been tapped to become the next chairman of the House Financial Services Committee. The Dallas Morning News reports...
CFPB Seeks To Stop Lawsuit On Cordray Appointment
The Consumer Financial Protection Bureau (CFPB) is joining the U.S. Department of Justice (DOJ) in seeking the dismissal of a lawsuit that challenges...
Atlanta Fed Chief Issues Warning On Cybersecurity
The head of the Federal Reserve Bank is warning that the rising number of cybersecurity attacks is creating a major risk for financial...
Dueling Home Price Indexes Report Positive September Data
Two rival home price index reports have shared the same good news: home prices were up in September. September saw the sixth consecutive...
FHLBank Atlanta Awards $13.6M In AHP Funds
The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has announced that it will award $13.6 million to assist in the funding of...
UBS Seeks To Halt FHFA Lawsuit
UBS AG has returned to court to block an effort by the Federal Housing Finance Agency (FHFA) to file a lawsuit related to...
Rep. Capito Announces 2014 Senate Bid
Rep. Shelley Moore Capito, R-W.Va., the chairwoman of the House Subcommittee on Financial Institutions and Consumer Credit, has announced that she will run...
Schapiro To Quit SEC In December
Mary L. Schapiro has announced that she will resign as chairwoman of the U.S. Securities and Exchange Commission (SEC) on Dec. 14. The...
NMLS Hosts Dec. 6 Webinar On Renewal Processes
The Nationwide Mortgage Licensing System & Registry (NMLS) is hosting a webinar on Dec. 6 to discuss the annual renewal processes for federal...
Hammerhouse Debuts Division For Mortgage Banking Jobs
Hammerhouse LLC, a national recruiting and strategic growth firm for the financial services industry, has launched a new division called Tactical Ops Recruiting...
New Mortgage Insurer Gets Green Light In California
A start-up mortgage insurance company has received approval to operate in one of the nation's most lucrative real estate markets. National Mortgage Insurance...
DOJ Seeks To Dismiss Legal Challenge To Dodd-Frank Act
The U.S. Department of Justice (DOJ) has called for the dismissal of a federal lawsuit that challenges the constitutionality of the Dodd-Frank Act....
NY Attorney General Sues Credit Suisse For RMBS Fraud
Another day in mortgage banking, another lawsuit: New York Attorney General Eric T. Schneiderman has filed a lawsuit against Credit Suisse Securities (USA)...
Zillow: Home Values Up 1.1% In October
National home values rose 1.1% in October to $155,400, according to new data released by Zillow. This monthly increase was the largest since...
MBA: Mortgage Applications, Refi Activity Down Again
Mortgage applications and refinance activity took a dip for the week ending Nov. 16, according to the Mortgage Bankers Association's (MBA) weekly mortgage...