MBA: Refi Index At Three-Year High
Mortgage refinance applications rose dramatically, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending Sept. 28. The...
NCUA Approves Charter For Michigan Credit Union
This might become a trend: for the third time in two months, the Office of Consumer Protection at the National Credit Union Administration...
Total Mortgage Services Debuts Scholarship Program
Milford, Conn.-based Total Mortgage Services is offering four $1,000 scholarships to students who are attending, or plan on attending, a college or university...
CoreLogic: Home Prices Up In August
Home prices nationwide, including distressed sales, increased on a year-over-year basis by 4.6% in August, according to new data from Irvine, Calif.-based CoreLogic....
Clear Capital: Fiscal Cliff Will Damage Housing Recovery
The so-called 'fiscal cliff' facing the federal government if the White House and Congress cannot agree threatens to reverse progress on a housing...
New York AG Files Lawsuit Against JPMorgan Chase
New York Attorney General Eric Schneiderman has sued JPMorgan Chase & Co. over allegations mortgage securities fraud. Bloomberg News reports that Schneiderman's lawsuit...
FHFA OIG: More Control Is Needed On Business Decisions
The Federal Housing Finance Agency (FHFA) needs to tighten control of Fannie Mae and Freddie Mac's individual business decisions, according to a report...
Equifax: Home Equity Installment Balances Up Slightly In August
Signaling a possible turning point in mortgage demand, home equity installment balances rose 0.3% in August - the first monthly increase since November...
Regulators Close Texas Credit Union, Illinois Bank
A Texas credit union and an Illinois community bank have become the latest financial institutions to be shut down by regulators. The National...
FGMC In New Pact With Coester VMS
McLean, Va.-based First Guaranty Mortgage Corp. (FGMC) has announced that it will centralize its appraisal and valuation operations under the guidance of Rockville,...
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...