NAHB Improving Markets Index Expands To 99 Metros
The number of improving housing markets across the country rose to 99 in September, according to the National Association of Home Builders (NAHB)/First...
Old Line Bancshares Acquires WSB Holdings
Old Line Bancshares Inc., parent company of Old Line Bank, and WSB Holdings Inc., parent company of The Washington Savings Bank FSB, has...
Minnesota Community Bank Is Shut Down
First Commercial Bank, located in Bloomington, Minn., has become the 41st bank to fail this year. First Commercial Bank was closed by the...
Treasury Launches $18B Public Offering Of AIG Common Stock
The U.S. Department of the Treasury has launched an underwritten public offering of $18 billion of its American International Group Inc. (AIG) common...
Four-Year-Old Mortgage Transaction Raised In Connecticut Senate Race
Mortgage banking has spilled into the U.S. Senate race in Connecticut, with Republican candidate Linda McMahon (pictured top) filing a complain with the...
Korean Government Agency Plans To Triple RMBS Sales
The state-run Korea Housing Finance Corp. is planning to more than triple its sales of residential mortgage-backed securities (RMBS) to investors. According to...
Appeals Court Revives Lawsuit Against Goldman Sachs
It seems as if you cannot have a week pass without a mortgage banking-related lawsuit, and a federal appeals court is keeping the...
NCUA Files Lawsuit Against UBS Securities
The National Credit Union Administration (NCUA) has filed suit in Federal District Court in Kansas against UBS Securities, alleging the investment giant violated...
CFPB Debuts Procedures For Credit Bureau Examinations
The Consumer Financial Protection Bureau (CFPB) has released a field guide outlining the procedures it will use in examining credit bureaus and other...
Fitch Ratings: Pre-2005 Prime U.S. RMBS Showing Cracks
One of the strongest U.S. residential mortgage vintages is now increasingly susceptible to rating downgrades with adverse selection being the main culprit, according...
ABA Creates Political Advocacy Group
The American Bankers Association (ABA) has announced the creation of Financial Education and Advocacy Initiative Inc., which the trade group dubs as a...
DataQuick Acquires Rels Title
San Diego-based DataQuick has signed a purchase agreement to acquire the ATI Title Companies, which does business as Rels Title. Rels Title provides...
Stonegate Mortgage Acquires NattyMac
Indianapolis-based Stonegate Mortgage has acquired NattyMac, a St. Petersburg, Fla.-based warehouse lender, from Guggenheim Partners. The financial terms of the deal were not...
WaMu Subsidiaries Settle Lawsuit For $26M
Two former subsidiaries of Washington Mutual Bank (WaMu) have agreed to a $26 million settlement that ends a lawsuit brought by investors. Reuters...
NAR: Median Time For Home Sale Listings Is Falling
The median time a home was listed for sale on the market was 69 days in July, down 29.6% from 98 days in...
Wells Fargo Employee Fired For 1963 Misdemeanor Files Civil Rights Complaints
A 68-year-old Wells Fargo call center worker who was fired after the company discovered that he was arrested and convicted in 1963 for...
Romney Offers Glimpse Of Housing Policy
After months of providing relatively little detail on his plans to address the housing crisis, Republican presidential candidate Mitt Romney has offered the...
Angelides: DOJ Wall Street Probe Should Focus On ‘Criminal Wrongdoing’
The chairman of President Obama's Financial Crisis Inquiry Commission has called on the U.S. Department of Justice (DOJ) to ratchet up its efforts...
Construction Spending Down Slightly In July
Construction spending during July was estimated at a seasonally adjusted annual rate of $834.4 billion, which is 0.9% below the revised June estimate...
Survey: One-Fourth Of Americans Consider Themselves Poor
One in four Americans believe they are poor, according to a new survey by the Chicago-based online lender CashNetUSA.com. Conversely, 69% of those...