FHFA Forecasts Billions More In GSE Treasury Draws
The Federal Housing Finance Agency (FHFA) anticipates that the government-sponsored enterprises (GSEs) will need to draw additional billions from the U.S. Department of...
New Report Predicts 20% Fewer Mortgages In 2013
Next year could see 20% fewer residential mortgages being originated, according to a new study issued by the American Action Forum, a Washington,...
Berkshire Hathaway Will Snag ResCap Portfolio
Residential Capital LLC (ResCap), a unit of Ally Financial Inc., has approved a $1.5 billion bid from Berkshire Hathaway for the purchase of...
SIGTARP Issues Warnings On LIBOR, AIG
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has urged the removal of the London Interbank Offered...
Nevada AG Announces $42M Settlement With RBS Financial Products
Nevada Attorney General Catherine Cortez Masto has announced that RBS Financial Products (RBSFP) will pay a $42 million settlement to resolve a two-year...
September Pending Home Sales Up Slightly
Pending home sales registered a slight tick upward in September, according to the latest data released by the National Association of Realtors (NAR)....
MBA Forecasts $1.3T In Originations Next Year
The Mortgage Bankers Association (MBA) expects to see $1.3 trillion in mortgage originations during 2013, largely driven by a spillover of refinances into...
Feds File $1B Fraud Lawsuit Against Bank Of America
The federal government has filed a $1 billion civil mortgage fraud lawsuit against Bank of America and its predecessors, Countrywide Financial Corp. and...
Single-Family Home Sales Up 5.7% in September
Sales of new single-family houses in September were at a seasonally adjusted annual rate of 389,000, according to estimates released jointly by the...
FHFA: Home Prices Up Slightly
U.S. house prices rose 0.7% on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency's (FHFA) monthly...
Mortgage Applications Down 12%
Mortgage applications dropped for the week ending Oct. 19, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey. ...
Banking Website Hackers Pause To Observe Muslim Holiday
The Islamic computer hacking group that took credit for recent denial-of-service attacks against major U.S. banks has announced that it is taking a...
MBA Chief Blasts Federal Housing Policy
David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), launched a blistering attack at federal housing policy and warned that...
Ellie Mae Debuts Encompass Docs Solution
Ellie Mae has introduced Encompass Docs Solution, a new tool that helps users create and complete the compliance documents needed to process a...
Fifth Third Mortgage Building Platform For Wholesale, Correspondent Lending
Fifth Third Mortgage Co. says it is working with CoreLogic Dorado, a business unit of CoreLogic, to develop a new online loan processing...
Basel III Enflames Community Banking Stakeholders
The Basel III global standard continued to draw criticism this week from industry trade groups, with both the Independent Community Bankers of America...
MBA Elects Debra Still Chairman For 2013
During its annual convention in Chicago on Monday, the Mortgage Bankers Association (MBA) elected Debra W. Still as its chairman for 2013. She...
Titan Lenders Creates Correspondent Lending Subsidiary
Titan Lenders Corp., a Denver-based mortgage fulfillment outsource services company, has announced its entry into the correspondent channel with the creation of Titan...
New Report: Housing And Transportation Costs Outpace Incomes
The combined costs of housing and transportation in the nation's largest 25 metro areas have swelled by 44% since 2000 while incomes have...
RealtyTrac: Most Local Housing Markets Worse Today Than In 2008
Nearly two-thirds of local housing markets are worse off today than they were four years ago, according to the Election 2012 Housing Health...