MBA: Mortgage Applications At Highest Level Since 2009
Mortgage applications increased 18% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
PNC Adds $350 Million To Reserves Following Buyback Demands
Pittsburgh-based PNC Financial Services Group Inc. is adding $350 million to its reserves in the second quarter following requests that the company buy...
USGBC: Number Of LEED-Certified U.S. Homes Passed 20,000 Mark
The U.S. Green Building Council (USGBC) has announced that more than 20,000 homes across the U.S. have earned certification through the Leadership in...
Buffett Seeks ResCap Takeover Via Court Filing
Warren Buffett's Berkshire Hathaway has made an offer to purchase the mortgage division and loan portfolio of Ally Financial's subsidiary Residential Capital (ResCap)....
Discover Launches Residential Mortgage Unit
The residential mortgage market has a new player: Discover Financial Services has announced the official launch of Discover Home Loans, which will offer...
Court Rejects Christie Shutdown Of Affordable Housing Council
The New Jersey Supreme Court has upheld a lower-court ruling that ordered the reopening of the state's affordable housing agency. The Philadelphia Inquirer...
Afghan Nominee For U.K. Ambassador Cited For U.S. Mortgage Fraud
The man who has been nominated by Afghanistan's government to be its next ambassador to the U.K. has been accused of committing mortgage...
Bank Of America Settles Maternity Discrimination Charge
Bank of America has agreed to pay up to $161,180 to settle allegations that one of the bank's branches in San Jose, Calif.,...
FDIC Announces Closure Of Four Community Banks
The Federal Deposit Insurance Corp. (FDIC) was named the receiver of four community banks that were shut down over the weekend. Waccamaw Bank,...
Freddie Mac: Fixed-Rate Mortgages At Record Low…Again!
In what is starting to become a monotonously predictable trend, Freddie Mac has announced that average fixed mortgage rates fell to new all-time...
Sen. Grassley Seeks Salary Data On Public Housing Authority Executives
Sen. Chuck Grassley, R-Iowa, has called on the U.S. Department of Housing and Urban Development (HUD) to make public the salary data it...
Canadian Housing Starts Down In May
The number of Canadian housing starts was trending at 212,400 units in May, which is down from 243,800 in April, according to new...
MBA To HUD: Lift 203(k) Program Ban On Investors
The Mortgage Bankers Association (MBA) has called on the U.S. Department of Housing and Urban Development (HUD) to cease its moratorium on allowing...
Ethics Committee Rejects Waters’ Charges Of Rights Violation
The House Ethics Committee has informed Rep. Maxine Waters, D-Calif., that it has found no evidence that she was denied due process rights...
Phil Gramm Joins AEI As Visiting Scholar
Former senator Phil Gramm has joined the American Enterprise Institute (AEI) as a visiting scholar focusing on economic policy. The Texas Republican served...
Fannie Mae Promotes General Counsel Mayopoulos To CEO
Fannie Mae has promoted Timothy J. Mayopoulos to president and CEO, effective June 18. He will also become a member of the board...
HUD Seeks Compensation Caps For Public Housing Authority Executives
The U.S. Department of Housing and Urban Development (HUD) is proposing the implementation of compensation caps on executives in the nation's public housing...
MBA: Applications Up 1.3% Last Week
Mortgage applications increased 1.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
House GOP Seeks To Change CFPB Funding Source
The Republican leadership of the House Appropriations Committee has presented its fiscal year 2013 Financial Services and General Government Appropriations bill, which seeks...
Bair Creates Council To Monitor Regulatory Reform
Former Federal Deposit Insurance Corp. Chairwoman Sheila Bair has announced the creation of a new organization that will focus on federal regulatory reform....