Spain Plans To Encourage Foreign Purchase Of Houses
In an attempt to address its ongoing economic woes, the Spanish government is planning to offer residency permits to foreigners who buy houses...
Quicken Loans Debuts Thanksgiving Parade Float
Quicken Loans has gotten an early start on the Thanksgiving holiday by unveiling its new 'What If?' parade float outside of its downtown...
George F. Will Advocates The ‘Judicial Dismantling’ Of CFPB
One of the most prominent U.S. political commentators has fired a salvo at the Consumer Financial Protection Bureau (CFPB), bluntly questioning its lack...
Mixed Picture For October Housing Starts
Single-family housing starts in October were at a rate of 594,000, which is 0.2% below the revised September figure of 595,000, according to...
CFPB And FTC Target Misleading Mortgage Advertisements
The Consumer Financial Protection Bureau (CFPB), in partnership with the Federal Trade Commission (FTC), has issued warning letters to approximately a dozen mortgage...
Marianne Lake To Become CFO At JPMorgan Chase
JPMorgan Chase & Co. has promoted Marianne Lake from chief financial officer (CFO) of its consumer and community banking business to CFO for...
Existing-Home Sales Up In October
Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, according to new data from the National Association...
Mixed Reaction Follows FHA MMIF Actuarial Report
The reaction to the release of an independent actuarial report that detailed the Federal Housing Administration's (FHA) Mutual Mortgage Insurance Fund (MMIF) falling...
Georgia Community Bank Is Shut Down
Hometown Community Bank, based in Braselton, Ga., has become the 50th bank to fail this year. Hometown Community Bank was closed by the...
Builder Confidence Up In November
Builder confidence in the market for newly built, single-family homes posted a solid, five-point gain to 46 on the National Association of Home...
Bryn Mawr Trust Completes Delaware Bank Purchase
Bryn Mawr Bank Corp., parent company of The Bryn Mawr Trust Co., has announced the completion of its acquisition of First Bank of...
CFPB Extends Mortgage Disclosure Timeline
The Consumer Financial Protection Bureau (CFPB) has announced that it will give the financial services industry extra time to provide certain new disclosures...
Freddie Mac Unit Launches Winter Sales Promotion
HomeSteps, the real estate sales division of Freddie Mac, has launched a special winter sales promotion for selling and listing agents who sell...
CFPB Launches Initiative To Connect With ‘Innovators’
The Consumer Financial Protection Bureau (CFPB) has announced the launch of Project Catalyst, an initiative designed to encourage consumer-friendly innovation and entrepreneurship in...
RE/MAX: October Home Sales Up 5.4%
October's home sales were up 5.4% from September and up 17.8% from a year ago, according to new data from RE/MAX. October's figures...
Carrington Creates Network For Real Estate Brokerages
Santa Ana, Calif.-based Carrington Property Services LLC has launched the Carrington Property Network (CPN), an exclusive national network of leading residential real estate...
HUD: FHA Will Not Require A Treasury Draw
The Federal Housing Administration's (FHA) Mutual Mortgage Insurance (MMI) Fund fell below zero to -1.44%, representing a negative economic value of $16.3 billion....
N.J. Rep. Calls For Federal Purchase Of Homes In Storm-Prone Areas
A New Jersey congressman has called on the federal government to purchase homes that are likely to be in the path of destructive...
J.D. Power: More Customers Satisfied With Mortgage Lenders
Overall customer satisfaction with mortgage lenders has reached its highest level in the past six years, according to the J.D. Power and Associates...
Fed Gov. Raskin To Chair NeighborWorks’ Board
NeighborWorks America has named Federal Reserve Governor Sarah Bloom Raskin as chairwoman of its board of directors. Raskin, who succeeds Christiane Gigi Hyland,...