Top Banks Targeted In Massive Cyberattack
The nation's leading banks were the subject of a coordinated cyberattack launched earlier this week, and the level of the attacks resulted in...
Bank Of America Settles Lawsuit On Merrill Lynch Acquisition
Bank of America has announced its intention to settle a class action lawsuit brought in 2009 on behalf of investors who purchased or...
Freddie Mac Announces Lawsuit Dismissal
Freddie Mac has announced the dismissal of a putative class action lawsuit filed against the company in federal court in August 2008 alleging...
OCC: Mortgage Performance Improved From Last Year
The overall quality of first-lien mortgages serviced by large national and federal savings banks improved from the same period a year ago but...
Grand Bank Sells ICON Residential Lenders Unit
Irvine, Calif.-based Rushmore Loan Management Services has announced that it will purchase Hamilton, N.J.-based Grand Bank's ICON Residential Lenders unit. Terms of the...
Economist Lindsey: Fed ‘Buying The Entire Deficit’ With QE3
Economist Lawrence B. Lindsey is warning that the Federal Reserve is 'buying the entire deficit' through its quantitative easing policies, adding that this...
Fixed-Rate Mortgages Hit Another New Low
Yes, you may have heard this story already: fixed-rate mortgages have hit another record low, according to data released by Freddie Mac. The...
MBA: Rural/Farm Home Loan Sector Enjoying Strong Growth
Loan production in 2011 for Rural Housing Services and Farm Service Agency loans grew more rapidly than any other residential loan type or...
Britain Arrests Ex-Credit Suisse Director Facing U.S. Fraud Charges
Kareem Serageldin, a former Credit Suisse executive wanted by U.S. authorities on charges of mortgage securities-related fraud, was arrested by British authorities. The...
Single-Family House Sales Dipped In August
Sales of new single-family houses in August were at a seasonally adjusted annual rate of 373,000, according to estimates released jointly by the...
NAR: Pending Home Sales Down In August
After reaching a two-year peak, pending home sales fell in August, according to new data from the National Association of Realtors (NAR). NAR's...
Study: North Dakota Faces Housing Crunch By 2025
A new housing study predicts that North Dakota is going to become more than a little crowded in the near future, with a...
MBA: Mortgage Applications, Refis Up Last Week
Mortgage applications and refinancing activity were up last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for...
Wisconsin Credit Union To Buy Savings Bank
Landmark Credit Union, Wisconsin's largest credit union, has filed applications to acquire Hartford Savings Bank, a state-chartered mutual savings bank headquartered in Hartford,...
CFPB Releases Study On Credit Score Disparities
The Consumer Financial Protection Bureau (CFPB) has released a study comparing credit scores sold to creditors and those sold to consumers. According to...
NCUA Files Lawsuit Against Barclay’s Capital
The National Credit Union Administration (NCUA) has filed a lawsuit in Federal District Court in Kansas against Barclay's Capital, Inc. NCUA's suit alleges...
Sheila Bair, In New Book, Slams Geithner As ‘Bailouter In Chief’
In a new autobiography being released today, former Federal Deposit Insurance Corp. Chairwoman Sheila Bair has taken aim at Treasury Secretary Timothy Geithner...
S&P/Case-Shiller: Home Prices Up In July
Home prices increased in July, according to new data released by the S&P/Case-Shiller Home Price Indices. Average home prices increased by 1.5% for...
Agencies Release Tool For Regulatory Capital Estimation
The federal banking regulatory agencies have announced the availability of a regulatory capital estimation tool to help community banking organizations and other interested...
NCUA Executive Director Announces Retirement
David Marquis, executive director of the National Credit Union Administration (NCUA) since January 2009, has announced that he will retire at the end...