Bank Of America Settles Syncora Lawsuit
Bank of America Corp. will pay $375 million to settle a lawsuit that charged the bank's Countrywide Financial unit misrepresented the mortgage-backed securities...
Builder Confidence Hits New High
Builder confidence in the market for newly built, single-family homes rose six points to 35 on the National Association of Home Builders (NAHB)/Wells...
LPS: Home Prices Up 2.5% During First Four Months Of 2012
Home prices saw a 2.5% increase during the first four months of this year, according to new data from Jacksonville, Fla.-based Lender Processing...
Realtor Data Shows Strength In California Housing Market
California's housing market continued to show signs of improvement in June, as home sales experienced solid gains annually and home prices reached their...
CDFI Fund Releases 2012 Notice Of Allocation Availability
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) has released its 2012 Notice of Allocation Availability (NOAA), which...
Facebook’s Zuckerberg Paying 1.05% Rate On $5.95M Mortgage
Attention, class warfare enthusiasts: one of the world's richest men is paying one of the lowest rates for the refinanced mortgage on his...
Canadian Luxury Residences Enjoyed Strong First-Half 2012 Sales
Sales of Canadian homes worth over C$1 million showed a steady upward trend in the first half of this year, with Toronto, Calgary...
CFPB To Begin Supervising Credit Bureaus
The Consumer Financial Protection Bureau (CFPB) is expected to announce that it will begin supervising the nation's credit bureaus later this year. The...
HUD Settles Anti-Hispanic Bias Charges With Alabama Development
The U.S. Department of Housing and Urban Development (HUD) has reached an agreement with Chilton Associates Ltd., owner of Peachtree Apartments in Clanton,...
Wolters Kluwer Financial Services Acquires FinArch
Minneapolis-based Wolters Kluwer Financial Services has acquired FinArch, a Belgium-headquartered provider of integrated finance, risk and performance measurement solutions that enable financial institutions...
Missouri Community Bank Is Shut Down
Glasgow Savings Bank, based in Glasgow, Mo., was closed by the Missouri Division of Finance. The Federal Deposit Insurance Corp. (FDIC), which was...
Auction.com Names Monte Koch Co-CEO
Auction.com has announced that Monte Koch, a founding partner and board member, will take on the additional role of co-CEO. Koch, who has...
CFPB Operations Create Concern Among In-House Lawyers
Uncertainty about how the Consumer Financial Protection Bureau (CFPB) will interact with other federal agencies, coupled with agitation on how the agency will...
FinCEN Finds Chicanery Within Title And Escrow Companies
The Financial Crimes Enforcement Network (FinCEN) has identified thousands of instances where financial institutions, particularly banks and money services businesses (MSBs), filed suspicious...
Impac To Offer Reverse Mortgages
Irvine, Calif.-based Impac Mortgage is adding reverse mortgages to its product offerings. Initially, the company's focus will be on providing this product on...
Data Confirms Strong First Half Of 2012 For REIT Industry
The U.S. real estate investment trust (REIT) industry outperformed the broader equity market during the first half of this year, according to data...
British Lender Denies Mortgages To Payday Loan Borrowers
A British lender specializing in subprime loans has announced that it will not originate mortgages for borrowers who had a payday loan during...
IDS Creates User Group To Assist In Product Development
International Document Services (IDS), a Salt Lake City-based mortgage document preparation vendor, has formed an advisory board of IDS customers to solicit feedback...
Italian Mortgage Market Experiences Extreme Q1 Decline
Home loan origination volume in Italy fell 47% during the first quarter of this year, according to a new study. Bloomberg News reports...
Massachusetts AG Investigating LIBOR Scandal Impact
The British scandal involving the manipulation of the London Interbank Offered Rate (LIBOR) has crossed the Atlantic and is now involving Massachusetts Attorney...