Home Depot CEO: Housing Market Is Recovering
The head of the world's largest home-improvement retail chain has seen the future, and it includes the recovery of the U.S. housing market....
Southern California Home Sales Up Sharply In October
Southern California home sales experienced a strong increase in October, according to new research released by San Diego-based DataQuick. DataQuick reports that a...
New Malware Threat Disrupts Online Transactions
Just when you thought it was safe to go online: a new malware threat designed to disrupt online financial transactions has been identified....
Mortgage Applications, Refi Activity Up Last Week
Both mortgage applications and refinance activity increased for the week ending Nov. 9, according to Mortgage Bankers Association's (MBA) weekly mortgage applications survey....
CBA Seeks Nominees For Joe Belew Award
The Consumer Bankers Association (CBA) is seeking nominations for its third annual Joe Belew Award competition. The award, which is named after former...
WFG Acquires Investors Title
Portland, Ore.-based Williston Financial Group (WFG), has acquired ITC Holdings Inc., the parent company of Glendale, Calif.-based Investors Title Co. Investors Title operates...
Fewer Californians Can Afford Single-Family Housing
The percentage of home buyers who could afford to purchase a median-priced, existing single-family home in California fell to 49% in the third...
Raj Date To Exit CFPB In January
Raj Date, the second highest official at the Consumer Financial Protection Bureau (CFPB), is planning to leave the agency at the end of...
$147K AHP Grant For Mississippi Home Buyers
The Federal Home Loan Bank of Dallas (FHLB Dallas) and BancorpSouth have awarded a $147,000 Affordable Housing Program (AHP) grant to the University...
AIG CEO: Hello, Mortgage Banking!
The CEO of American International Group Inc. (AIG) has previewed his company's future: expand into mortgage banking while jettisoning its savings and loan...
Regulators Indefinitely Delay Basel III Capital Rules
The U.S. federal banking agencies, citing concern raised by financial services industry leaders over the impact of the Basel III requirements, have announced...
SEC Probe Will Reportedly Not Target J.P. Morgan Executives
The U.S. Securities and Exchange Commission (SEC) is reportedly not going to file charges against individual executives as part of its planned mortgage...
Fitch Ratings: Hurricane Will Not Impact RMBS Performance
The widespread damage along the Mid-Atlantic and Northeast coast created by Hurricane Sandy is unlikely to result in any lasting effect on U.S....
Canadian Housing Starts Trended Down In October
Housing starts in Canada trended downward to 218,392 units annually in October, according to new data from the Canada Mortgage and Housing Corp....
Irish Mortgage Market Begins To Stabilize
One of Europe's most troubled real estate markets has enjoyed a long-overdue splash of good news: the number of new mortgages issued in...
Fannie Mae Posts $1.8B Q3 Profit
Fannie Mae has reported net income of $1.8 billion in the third quarter, compared with a net loss of $5.1 billion in the...
Election Brings Several Changes To Capitol Hill Power Line-Up
The 2012 election has concluded with the re-election of President Obama and the continuation of a Congress divided between a Republican-controlled House of...
MBA: Hurricane Drove Down Application And Refi Rates
The Mortgage Bankers Association (MBA) is attributing last week's 5% drop in mortgage applications and refinance activity to Hurricane Sandy and its aftermath....
Metro Area Median Home Prices Up In Q3
Growth in metropolitan area median home prices increased in the third quarter, according to new data from the National Association of Realtors (NAR)....
Ginnie Mae Guaranteed $39B In MBS In September
Ginnie Mae has announced that it guaranteed $39.08 billion in mortgage-backed securities (MBS) in September. Issuance for Ginnie Mae II single-family pools led...