MBA: Mortgage Applications Down Last Week
Mortgage applications decreased 2.5% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Bank Of Commerce Holdings Sells Majority Stake In Mortgage Unit
Redding, Calif.-based Bank of Commerce Holdings has announced the sale of 51% ownership position in Bank of Commerce Mortgage to Scott Simonich and...
CoreLogic: Home Prices Up In July
Home prices nationwide, including distressed sales, increased on a year-over-year basis by 3.8% in July compared to July 2011, according to the latest...
Walter Investment Management Buys Reverse Mortgage Solutions For $120M
Tampa, Fla.-based Walter Investment Management Corp. has entered into a definitive agreement to purchase Spring, Texas-based Reverse Mortgage Solutions Inc. (RMS) in a...
FHLBank Dallas Awards $225K In Partnership Grants
The Federal Home Loan Bank of Dallas (FHLBank Dallas) has awarded $225,000 through its Partnership Grant Program (PGP) to assist 22 community-based organizations...
French Government Commits $6.3B For Lender Bailout
The French government has agreed to a $6.3 billion bailout of Caisse Centrale du Credit Immobilier de France (CCCIF), a financial institution specializing...
FHFA Hikes Up G-Fees
The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to raise guarantee fees (G-fees) on single-family mortgages by an...
Freddie Mac: Mortgage Rates Down This Week
Mortgage rates declined for the week ending Aug. 30, according to new data released by Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged...
NCUF Seeks Nominees For Board
The National Credit Union Foundation (NCUF) is seeking nominees to fill three volunteer positions on its board of directors. Two NCUF board seats...
ZipRealty Announces Pact With New American Mortgage
Emeryville, Calif.-based ZipRealty has formed a strategic alliance with New American Mortgage, a mortgage bank based in Charlotte, N.C. As part of this...
Hong Kong Leader Seeks To End ‘Acute’ Housing Problem
Hong Kong's newly elected leader acknowledged the 'acute' problems facing the local housing market and promised to create 65,000 residential housing units in...
Foreclosure Homes Accounted For 23% Of All Q2 Sales
Homes that were either bank owned or in some stage of foreclosure accounted for 23% of all U.S. residential sales during the second...
Citigroup Pays $590M To Settle Shareholder Lawsuit
Citigroup Inc. will pay $590 million to settle a four-year-old, 547-page lawsuit brought by shareholders that accused the lender of intentionally hiding billions...
MBA: Q2 Independent Mortgage Banker Profits Increase
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $2,152 on each loan they originated in the second...
Native American Credit Union Receives Charter Approval
For the second time this week, the National Credit Union Administration's (NCUA) Office of Consumer Protection has approved the charter of a de...
NAR: Pending Home Sales Up In July
Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the...
Mortgage Applications Down Last Week
Mortgage applications and refinance activities declined last week, according to new data from the Mortgage Bankers Association (MBA) for the week ending Aug....
GFI Mortgage Bankers Pays $3.5M To Settle Discrimination Lawsuit
New York-based GFI Mortgage Bankers Inc. has agreed to pay $3.5 million to settle a lending discrimination lawsuit filed by the U.S. Department...
SEC Discloses Ongoing Probe Of ResCap
Ally Financial's mortgage unit, Residential Capital (ResCap), is being investigated by the U.S. Securities and Exchange Commission (SEC) for potential misconduct in its...
M&T Acquires Hudson City For $3.7B; Law Firm Questions Transaction
Paramus, N.J.-based Hudson City Bancorp Inc. has been acquired by Buffalo, N.Y.-based M&T Bank Corp. in a $3.7 billion transaction. However, a Los...