Wells Fargo Expands State-Level Lobbying Presence
Wells Fargo is responding to the rising number of state-level mortgage banking legislation by beefing up its lobbying presence in state capitals. The...
D.C. Agency May Suspend Waiting List For Public Housing
District of Columbia residents seeking public housing may soon be out of luck. The Washington Post reports that the D.C. Housing Authority (DCHA)...
FHFA Seeks Input On Proposed Securitization Platform
The Federal Housing Finance Agency (FHFA) is seeking public input on a white paper on a proposed framework for a common securitization platform...
OCC Deputy Comptroller To Head Basel Standards Group
Charles Taylor, deputy comptroller for regulatory policy at the Office of the Comptroller of the Currency (OCC), has been selected by the Basel...
FDIC Warns Of Phishing Email Blitz
The Federal Deposit Insurance Corp. (FDIC) has announced that it received numerous reports of phishing emails designed to appear as if they originated...
HUD Reaches Agreement On Bias Case Involving Burmese Refugees
The U.S. Department of Housing and Urban Development (HUD) has reached a conciliation agreement with the Lancaster, Pa.-based Ecklin Group regarding the latter's...
Romney Tells Debate Audience He Will Repeal Dodd-Frank
Republican presidential candidate Mitt Romney reiterated his pledge to repeal the Dodd-Frank Act while expanding his criticism of the legislation to include a...
NAHB Names 103 Metro Areas To Its October Improving Markets Index
A total of 103 housing markets were listed on the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for October....
Ocwen Buys Homeward Residential Holdings
Atlanta-based Ocwen Financial Corp. and private equity firm WL Ross & Co. LLC entered into an agreement whereby Ocwen will acquire Homeward Residential...
Owner Of Wright House Reportedly Seeks Either $2.2M Or Demolition
The owner of a Phoenix residence originally designed by master architect Frank Lloyd Wright is reportedly threatening to demolish the 1952 structure unless...
MBA: Refi Index At Three-Year High
Mortgage refinance applications rose dramatically, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Sept. 28. The...
NCUA Approves Charter For Michigan Credit Union
This might become a trend: for the third time in two months, the Office of Consumer Protection at the National Credit Union Administration...
Total Mortgage Services Debuts Scholarship Program
Milford, Conn.-based Total Mortgage Services is offering four $1,000 scholarships to students who are attending, or plan on attending, a college or university...
CoreLogic: Home Prices Up In August
Home prices nationwide, including distressed sales, increased on a year-over-year basis by 4.6% in August, according to new data from Irvine, Calif.-based CoreLogic....
Clear Capital: Fiscal Cliff Will Damage Housing Recovery
The so-called 'fiscal cliff' facing the federal government if the White House and Congress cannot agree threatens to reverse progress on a housing...
New York AG Files Lawsuit Against JPMorgan Chase
New York Attorney General Eric Schneiderman has sued JPMorgan Chase & Co. over allegations mortgage securities fraud. Bloomberg News reports that Schneiderman's lawsuit...
FHFA OIG: More Control Is Needed On Business Decisions
The Federal Housing Finance Agency (FHFA) needs to tighten control of Fannie Mae and Freddie Mac's individual business decisions, according to a report...
Equifax: Home Equity Installment Balances Up Slightly In August
Signaling a possible turning point in mortgage demand, home equity installment balances rose 0.3% in August - the first monthly increase since November...
Regulators Close Texas Credit Union, Illinois Bank
A Texas credit union and an Illinois community bank have become the latest financial institutions to be shut down by regulators. The National...
FGMC In New Pact With Coester VMS
McLean, Va.-based First Guaranty Mortgage Corp. (FGMC) has announced that it will centralize its appraisal and valuation operations under the guidance of Rockville,...