Homeland Security Suggests ‘Co-op’ Approach To Cybersecurity
The U.S. Department of Homeland Security (DHS) is recommending that financial companies pool their infrastructure resources and work together to fight the increasing...
Zillow Buys Mortech For $12M
Seattle-based Zillow Inc. has announced its acquisition of Mortech Inc., a mortgage software company, for approximately $12 million in cash and 150,000 shares...
Bank Of America Sued For RMBS Losses
Another day in mortgage banking, another lawsuit: Bank of America Corp. has been sued by Royal Park Investments SA/NV over losses on approximately...
Freddie Mac: $2.9B In Q3 Net Income
Freddie Mac reported net income of $2.9 billion for the third quarter, down from net income of $3 billion for the second quarter....
Bloomberg Speculates That FHA Will Need Treasury Draw
A news article published by Bloomberg News is raising speculation that the Federal Housing Administration (FHA) may be forced to request its first-ever...
Two Community Banks Are Shut Down
The Federal Deposit Insurance Corp. (FDIC) has announced the closure of two community banks. Citizens First National Bank, based in Princeton, Ill., was...
Steady Conditions Forecast In Canadian Housing Report
Canada's new home market is expected to continue to moderate in the last quarter of this year and into 2013, while activity in...
Regulators To Create National Mortgage Database
The Federal Housing Finance Agency (FHFA) and Consumer Financial Protection Bureau (CFPB) have teamed up to begin work on the National Mortgage Database,...
Wells Fargo Calls For Dismissal Of New Federal Lawsuit
Wells Fargo & Co. has requested the dismissal of a lawsuit filed last month by the federal government, arguing that the issue was...
Brazil Offers Foreign Investment Tax Break On MBS Purchases
The Brazilian government is now offering foreign investors a tax exemption connected to either the purchase of the nation's mortgage-backed securities (MBS) or...
Ocwen Pays $22M For Top Reverse Mortgage Lender
Ocwen Financial Corp. has announced that it will acquire Genworth Financial Home Equity Access Inc., the nation's leading reverse mortgage originator, for approximately...
Shiller: No Great Housing Recovery On The Horizon
Economist Robert Shiller believes that a vigorous housing recovery is not going to happen in the near future. In an interview with CNBC,...
DHS: Obama May Issue Executive Order On Cybersecurity
The head of the Department of Homeland Security (DHS) has stated U.S. financial institutions are 'actively under attack' from cyber hackers and that...
Prospect Mortgage Offers Webinar On Real Estate Selling
Prospect Mortgage, headquartered in Sherman Oaks, Calif., is hosting a free webinar on Nov. 7 to help real estate professionals improve their selling...
Warren Buffett Unveils New Real Estate Venture
Warren Buffett's Berkshire Hathaway Inc. is expanding its presence in the U.S. real estate market in a new venture with Brookfield Asset Management...
Mortgage Applications, Refi Activity Fell Last Week
Mortgage applications and refinance activity declined during the week ending Oct. 26, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey....
S&P/Case-Shiller: August Home Prices Ticked Upwards
Home prices rose slightly in August, according to data released by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices. Average home...
State Insurance Regulators Change Capital Requirements
The National Association of Insurance Commissioners (NAIC), an organization of state regulators, will require insurers to set aside more supporting capital for their...
Morici: Real Estate Opportunities Exist In Hurricane Sandy’s Aftermath
The devastation brought by Hurricane Sandy may help to spur a wave of real estate finance and construction opportunities, according to a new...
VA Loan Program Hits 20 Million Mark
The Department of Veterans Affairs (VA) has announced it guaranteed 20 million home loans since its home loan program was established in 1944...