Equifax, Direct Lending Source Settle FTC Charges
Equifax Information Services LLC and Direct Lending Source Inc. have agreed to settle charges brought by the Federal Trade Commission (FTC) over the...
Trepp: One In Eight Banks Failed New Stress Test
One in eight U.S. banks are at risk, according to the results of the first Capital Adequacy Stress Test Report conducted by Trepp...
Mortgage Applications Down Last Week
Mortgage applications decreased in the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Oct. 5. The MBA's market...
Envoy Mortgage Creates Home Builder Division
Houston-based Envoy Mortgage has expanded its business with the launch of its new National Builder Division platform. According to the company, the new...
Feds Sue Wells Fargo For FHA Fraud
The U.S. Attorney for the Southern District of New York and the U.S. Department of Housing and Urban Development (HUD) has filed a...
FHFA Updates Strategic Plan
The Federal Housing Finance Agency (FHFA) has released an updated strategic plan for its operations during fiscal years 2013-2017. The plan, subtitled, 'Preparing...
Federal Reserve Publishes Final Dodd-Frank Stress Testing Rules
The Federal Reserve Board has published two final rules with stress testing requirements for certain bank holding companies, state member banks, and savings...
Canadian Housing Starts Down In September
Housing starts in Canada trended downwards to 224,419 units annually in September, according to new data from the Canada Mortgage and Housing Corp....
Webinar To Detail CFPB Focus On Consumer Risk Response
Ballard Spahr LLP and KPMG are teaming up to offer a free webinar on Oct. 15 that details what the Consumer Financial Protection...
Age Cap Lifted On Free Public Housing For Moscow Orphans
Moscow residents who are orphans will not be able to obtain free public housing, regardless of their age. The Moscow Times reports that...
Wells Fargo Expands State-Level Lobbying Presence
Wells Fargo is responding to the rising number of state-level mortgage banking legislation by beefing up its lobbying presence in state capitals. The...
D.C. Agency May Suspend Waiting List For Public Housing
District of Columbia residents seeking public housing may soon be out of luck. The Washington Post reports that the D.C. Housing Authority (DCHA)...
FHFA Seeks Input On Proposed Securitization Platform
The Federal Housing Finance Agency (FHFA) is seeking public input on a white paper on a proposed framework for a common securitization platform...
OCC Deputy Comptroller To Head Basel Standards Group
Charles Taylor, deputy comptroller for regulatory policy at the Office of the Comptroller of the Currency (OCC), has been selected by the Basel...
FDIC Warns Of Phishing Email Blitz
The Federal Deposit Insurance Corp. (FDIC) has announced that it received numerous reports of phishing emails designed to appear as if they originated...
HUD Reaches Agreement On Bias Case Involving Burmese Refugees
The U.S. Department of Housing and Urban Development (HUD) has reached a conciliation agreement with the Lancaster, Pa.-based Ecklin Group regarding the latter's...
Romney Tells Debate Audience He Will Repeal Dodd-Frank
Republican presidential candidate Mitt Romney reiterated his pledge to repeal the Dodd-Frank Act while expanding his criticism of the legislation to include a...
NAHB Names 103 Metro Areas To Its October Improving Markets Index
A total of 103 housing markets were listed on the National Association of Home Builders (NAHB)/First American Improving Markets Index (IMI) for October....
Ocwen Buys Homeward Residential Holdings
Atlanta-based Ocwen Financial Corp. and private equity firm WL Ross & Co. LLC entered into an agreement whereby Ocwen will acquire Homeward Residential...
Owner Of Wright House Reportedly Seeks Either $2.2M Or Demolition
The owner of a Phoenix residence originally designed by master architect Frank Lloyd Wright is reportedly threatening to demolish the 1952 structure unless...