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...
CertusBank Acquires Myers Park Mortgage
Greenville, S.C.-based CertusBank N.A. announced today the acquisition of Charlotte, N.C.- based Myers Park Mortgage Inc. According to CertusBank, the addition of the...
CFPB Subpoenas Four Mortgage Insurance Companies
The Consumer Financial Protection Bureau (CFPB) has served subpoenas against four major mortgage insurance companies. According to an Associated Press report, subpoenas were...
Maxine Waters Probe Could Run Up $1.3M In Legal Bills
The House Ethics Committee probe of Rep. Maxine Waters, D-Calif., could result in legal bills of up to $1.3 million. According to a...
State Housing Finance Agencies Experiencing Balance Sheet Shrinkage
U.S. state housing finance agencies (SHFAs) saw their balance sheets shrink to unprecedented lows in 2011 due to the low interest rate environment's...
Sterling National Bank Acquires Brooklyn Brokerage
New York-based Sterling National Bank has acquired the business of Universal Mortgage Inc., a residential mortgage broker based in Brooklyn. Universal's principals and...
New Asset Management Firm Targets Single-Family Rental Market
Oliver Chang, a former head of U.S. housing strategy at Morgan Stanley, has launched Sylvan Road Capital, an Atlanta-based asset management firm that...
Former Citigroup Manager Acquitted In Fraud Trial
The U.S. Securities and Exchange Commission (SEC) suffered a legal defeat when its fraud case against a former Citigroup manager ended in a...
Freddie Mac: Fixed-Rate Mortgages Up This Week
Well, it was bound to happen sooner or later: Freddie Mac reports that fixed-rate mortgages (FRMs) broke their streak of record-breaking lows and...
New eBook Offers Advice On Selecting Mortgage Software
A new eBook claims that mortgage lenders often fail to perform proper due diligence when selecting loan origination systems. 'For years, lenders have...
Study: Energy-Efficient Manufactured Homes Generate Economic Stability
Energy-efficient manufactured homes can save consumers $4.6 billion in energy costs over the next 20 years, according to a new study by the...
S&P/Case-Shiller: Home Prices Up 2.2% In May
Average home prices increased by 2.2% in May over April for both the 10- and 20-city composites covered by the S&P/Case-Shiller Home Price...
NCSHA: 41% Rise In HFA-Financed Single-Family Housing
The National Council of State Housing Agencies (NCSHA) is reporting a 41% increase in the number of single-family homes financed by housing finance...
Georgia Bank Closed; Colorado Credit Union In Conservatorship
A community bank in Georgia has been shut down while a credit union in Colorado was placed into conservatorship. Jasper Banking Co., based...
Justice Department Settles California Discrimination Lawsuit
The U.S. Department of Justice (DOJ) has announced an agreement with a California municipality and a homeowners association (HOA) to resolve allegations of...
21 Banks Sued Over LIBOR Manipulation
New York-based Berkshire Bank has filed a lawsuit against 21 banks for damages from the alleged manipulation of the London Interbank Offered Rate...
No Gold Medal For U.K. Mortgage Market
Mortgage approvals in the U.K. fell last month to an 18-month low, according to a report from Bloomberg News. U.K. lenders granted 44,192...