Existing-Home Sales Down In September
Total existing-home sales fell 1.7% to a seasonally adjusted annual rate of 4.75 million in September from an upwardly revised 4.83 million in...
NCUA Announces New Executive Director
The National Credit Union Administration (NCUA) has named Mark A. Treichel to become its next executive director. Treichel will assume his new role...
Court Rules Against Credit Union In Tax Case
New York's Court of Appeals issued a five-to-one ruling that federal credit unions are required to pay the state's mortgage recording tax. CUNA...
Redwood Trust Returns With $297M Non-Agency Offering
Redwood Trust Inc. is reportedly in the process of completing its fifth non-agency issuance of the year, selling $297 million in bonds tied...
Brokers Group To Offer Members Mortgage License Bonds
The National Association of Mortgage Brokers (NAMB) has announced that The Bond Exchange, based in Little Rock, Ark., is now offering mortgage license...
FHLBank New York Awards $26.4M For Affordable Housing
The Federal Home Loan Bank of New York (FHLBank New York) has awarded $26.4 million in subsidies to fund 37 affordable housing initiatives...
Equifax: Home Equity Revolving Credit Reaches Three-Year High
New home equity revolving lines of credit have reached a three-year high, totaling more than $44 billion year-to-date through July, according to the...
RE/MAX: September Home Sales Down 17.5%
September home sales fell 17.5% from August, but remained 0.5% higher than sales in September 2011, according to the latest national housing report...
Single-Family Housing Starts Up In September
Single-family housing starts in September were at a rate of 603,000, which is 11% above the revised August figure of 543,000, according to...
MBA: Mortgage Applications, Refi Activity Down Last Week
Mortgage applications and refinance activity declined during the week ending Oct. 12, according to the latest data from the Mortgage Bankers Association's (MBA)...
Man Arrested In Attempt To Bomb New York Fed HQ
The Federal Bureau of Investigation (FBI), working in cooperation with the New York Police Department, has arrested a man in an attempted terrorist...
Citigroup CEO Abruptly Resigns
Citigroup has experienced an unexpected executive shake-up, with Vikram Pandit abruptly stepping down from his positions as CEO and a member of the...
Home Builder Confidence Rises Again
Builder confidence in the market for newly built, single-family homes edged slightly higher for a sixth consecutive month in October, according to the...
ACLU Sues Morgan Stanley Over Subprime Loans To African Americans
The American Civil Liberties Union (ACLU) has filed a lawsuit in the U.S. District Court in New York against Morgan Stanley, charging that...
Homeowners Sue 12 Banks Over LIBOR Rigging
Five U.S. homeowners filed a lawsuit in U.S. District Court against 12 banks, charging them with the manipulation of the London Interbank Offered...
Census Bureau Creates Committee On Demographic Trends
Data hounds eager to sniff out new demographic information will have more numbers to work with: The U.S. Census Bureau has established the...
MISMO Seeks Nominees For Governance Committees
MISMO, the standards development body for the mortgage industry, is now accepting nominations for industry professionals to serve on its governance committees. The...
Trade Groups Announce New Alliance
The National Association of Women REO Brokerages (NAWRB) and Women Construction Owners and Executives (WCOE) have announced a memorandum of understanding designed to...
Flushing Savings Bank Seeks Commercial Bank Charter
Flushing Financial Corp., the Lake Success, N.Y.-based holding company for Flushing Savings Bank FSB, has filed an application with the New York State...
Lower-Priced Home Inventory Drops 19.4% In Past Year
The national inventory of lower-priced homes for sale, which are commonly sought by first-time homebuyers, fell 19.4% in the past year, according to...