FICO And CoreLogic Debut New Mortgage Credit Risk Score
Santa Ana, Calif.-based CoreLogic and Minneapolis-based FICO have jointly introduced a consumer credit risk score that is designed to improve lending decision quality...
Amalgamated Bank Creates Home Loan Division
New York City-based Amalgamated Bank has launched its own full-service home mortgage division. According to the bank, individuals will be able to apply...
Canadian Housing Starts Remained Steady In June
Housing starts in Canada were trending at 218,500 units in June, according to new data from Canada Mortgage and Housing Corp. (CMHC). The...
Record Co-op Sale At Washington’s Watergate Complex
One of the most prominent real estate developments in Washington, D.C., has seen a new record for an apartment sale. The Washington Post...
Three Credit Unions Receive $1.25M Deposit From CUNA Mutual Group
Three community development credit unions in California have received an interest-free, $1.25 million deposit from Madison, Wis.-based CUNA Mutual Group to stimulate development...
ARMOUR Residential REIT Offers 40M Shares Of Common Stock
Vero Beach, Fla.-based ARMOUR Residential REIT Inc. has commenced an underwritten public offering of 40 million shares of common stock. ARMOUR expects to...
Georgia Community Bank In Criminal Investigation Is Shut Down
Montgomery Bank & Trust, based in Ailey, Ga., became the 32nd bank to be closed this year. The Georgia Department of Banking and...
Modest Increase In July’s Improving Markets Index
The list of U.S. housing markets showing measurable and sustained improvement rose by four to include 84 metros in July, according to the...
Ex-IndyMac Officers Agree To $6.5M Settlement
Several former executives of Pasadena, Calif.-based IndyMac Bancorp have agreed to settle a $6.5 million shareholder class-action lawsuit. The Associated Press reports that...
Construction Spending In May Hit 29-Month High
Construction spending in May reached the highest level since December 2009, as widespread gains in private nonresidential, single-family and multifamily construction more than...
OCC: Housing Market Still Creates Risk For Banks
The Office of the Comptroller of the Currency (OCC) is warning that the nation's major financial institutions face significant challenges from the lingering...
HUD Announces Relief Aid For Florida Storm Victims
The U.S. Department of Housing and Urban Development (HUD) is providing federal disaster assistance to Florida following last month's Tropical Storm Debby. HUD...
Wells Fargo Spent $7.8M On D.C. Lobbying In 2011
Wells Fargo spent $7.8 million last year on in-house lobbyists in Washington, D.C., a 40% increase in its lobbying spending since 2010. The...
MBA: Mortgage Applications Down Last Week
Mortgage applications fell last week, according to new data from the Mortgage Bankers Association (MBA). The MBA's market composite index decreased by 6.7%...
Freddie Mac Announces Another Week Of Record-Low Rates
In what is becoming a predictably monotonous trend, Freddie Mac reports that average fixed mortgage rates continue to reach new record lows. The...
CFPB Faulted On White House Ties And Opaque Enforcement Language
The Consumer Financial Protection Bureau (CFPB) is the subject of two separate attacks: one relating to its working relationship with the Obama administration,...
Rural Housing Service Criticized On Rental Assistance Payments
A new report by the Government Accountability Office (GAO) has faulted the U.S. Department of Agriculture's Rural Housing Service (RHS) with significant problems...
DocuTech ConformX Now Supports sFTP Mortgage Document Imaging
DocuTech, a provider of compliance services and documentation technology for the mortgage industry, has added automated document delivery via sFTP to its document...
Veros Analysis Points To A Slower Rate Of Depreciation
Veros Real Estate Solutions says its VeroFORECAST real estate market report for the 12-month period ending June 1, 2013, suggests that the U.S....
LPS Acquires Mortgage Origination Software Firm LendingSpace
Lender Processing Services Inc., a provider of technology, data and analytics solutions for the mortgage and real estate industries, has acquired LendingSpace, a...