CFPB Recruiting Undercover Agents To Spy On Financial Institutions
Attention, would-be detectives: The Consumer Financial Protection Bureau (CFPB) is actively seeking investigators for undercover work designed to find abuses within the financial...
Azerbaijani Mortgage Fund To Launch E-Mortgage Program
While many U.S. lenders are still reluctant to embrace e-mortgage technology, the Central Bank of Azerbaijan is going full-throttle with this solution. The...
Canadian Housing Starts Down In July
Housing starts in Canada were trending at 219,600 units in July, according to Canada Mortgage and Housing Corp. (CMHC). The trend is a...
Zeus Mortgage CEO Named ‘Hometown Hero’ By Houston Astros
Steven Kaufman, CEO of Houston-based Zeus Mortgage, has been selected as the Houston Astros' August Hometown Hero for his philanthropic endeavors. Each month,...
NAR: Home Prices Up In Q2
Home prices rose during the second quarter, according to new data from the National Association of Realtors (NAR), with the median existing single-family...
Scotiabank Economists Forecast 10% Drop In Canadian Home Prices By 2015
The downside risks to Canada's housing market are beginning to increase, and home prices could face a 10% drop by 2015, according to...
Interthinx: Chattanooga Leads The Nation In Mortgage Fraud Risk
Chattanooga, Tenn., has earned the unwelcome status of the riskiest metropolitan statistical area (MSA) for mortgage fraud, according to the latest Mortgage Fraud...
Fannie Mae Earns $5.1B In Q2 Net Income
Fannie Mae has reported net income of $5.1 billion in the second quarter of this year, up from $2.7 billion in the first...
Aisle Five: Marmite, Mushy Peas And Mortgages
British shoppers who buy their groceries at the Tesco supermarket chain can now add mortgages to their shopping carts. The Wall Street Journal...
YES! Communities, Stockbridge Capital Acquire Manufactured Housing Portfolio
YES! Communities, a Denver-based owner and operator of manufactured housing communities, and Stockbridge Capital Group, a real estate investment management firm in San...
MBA: Mortgage Applications Down 1.8%
Mortgage applications decreased 1.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
REISA Names New Leader
The Real Estate Investment Securities Association (REISA) has named John P. Harrison its new executive director and CEO. Harrison comes to the Indianapolis-based...
CDFI Fund Allocates $186M To Low-Income Communities
The U.S. Department of the Treasury has awarded more than $186 million to 210 organizations serving low-income communities as part of its Community...
Freddie Mac Reports $3B In Q2 Net Income
Freddie Mac reported net income of $3 billion for the second quarter of this year, up from a reported net income of $577...
CoreLogic: Home Prices Up In June
Home prices nationwide, including distressed sales, increased on a year-over-year basis by 2.5% in June, according to data from Santa Ana, Calif.-based CoreLogic....
Illinois Community Bank Is Shut Down
Waukegan Savings Bank, based in Waukegan, Ill., was closed by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit...
Treasury Underwrites $4.5B Public Offering Of AIG Stock
The U.S. Department of the Treasury has launched an underwritten public offering of $4.5 billion of its American International Group Inc. (AIG) common...
NAHB Improving Markets Index Covers 80 MSAs In August
A total of 80 metropolitan statistical areas (MSAs) across 32 states and the District of Columbia were listed as improving housing markets on...
Robert M. Wilson Jr., Chairman Of Wilson & Associates, Dies At 60
Robert M. Wilson Jr., founder and chairman of Little Rock, Ark.-based law firm Wilson & Associates PLLC, has passed away following a two-year...
Industry Veterans Launch D.C. Lobbying Firm
Mortgage industry veterans Kevin Breeland and Stan Gordon are partnering in DC Solutions Group LLC, a new Washington, D.C.-based venture designed to represent...