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....
CMLA Issues White Paper On GSE Reform
The Community Mortgage Lenders of America (CMLA) has released a white paper on the future of the government-sponsored enterprises (GSEs) that calls for...
CoreLogic: Year-Over-Year Home Prices Up 1.1%
Home prices nationwide, including distressed sales, increased on a year-over-year basis by 1.1% in April compared to April 2011, the second consecutive year-over-year...
Prosecuting Attorney Named To RMBS Working Group
Virginia Chavez Romano, a former assistant U.S. attorney in New York, has been hired by the Residential Mortgage-Backed Securities (RMBS) Working Group to...
Five Federal Agencies Sign MOU On Dodd-Frank Supervision
Five federal supervisory agencies today released a memorandum of understanding (MOU) that clarifies how the agencies will coordinate their supervisory activities, consistent with...
Mortech And AllRegs Form Strategic Alliance
Lincoln, Neb.-based Mortech Inc., a mortgage technology software company specializing in solutions for mortgage bankers and secondary market teams, has announced an exclusive...
Colorado Housing Finance Agency Debuts First-Time Buyers Program
The Colorado Housing Finance Agency (CHFA) has launched a new program to help the state's first-time home buyers save up to $2,000 annually...
Free August Seminar To Focus On Appraisal Issues
The American Enterprise Institute (AEI) and the Collateral Risk Network are hosting a free two-day seminar that will trace the role played by...
Tim Fisher Elected President Of Texas Mortgage Bankers Association
The Texas Mortgage Bankers Association (TMBA) has elected Tim Fisher to serve as its president for the 2012-2013 term. Fisher has served as...
Research Uncovers Elizabeth Warren’s House-Flipping Endeavors
One of the most prominent critics of the mortgage banking industry enjoyed significant profits in the 1990s by flipping residential properties, including foreclosed...
GFI Seeks Dismissal Of DOJ Lawsuit
New York-based GFI Mortgage Bankers has filed a motion seeking dismissal of a U.S. Department of Justice (DOJ) lawsuit related to the company's...
SEC Defends Lack Of Enforcement Against C-Suite Executives
The U.S. Securities and Exchange Commission (SEC) is defending its lack of enforcement actions against the executives of the major financial services institutions...
PNC Mortgage Debuts Online Service For Borrowers
PNC Mortgage, a division of PNC Bank, has launched the PNC Mortgage Center, an online service designed to offer borrowers the ability to...
Abacus Federal Savings Bank Charged With Mortgage Fraud
Manhattan District Attorney Cyrus R. Vance Jr. has announced the indictment of Abacus Federal Savings Bank and 11 of its former employees in...
SunTrust Mortgage Settles Bias Lawsuit
Richmond, Va.-based SunTrust Mortgage Inc. has agreed to pay $21 million to resolve a lawsuit alleging that the company engaged in a pattern...
CFPB Seeks Further Comment On Ability-To-Repay Mortgage Rule
The Consumer Financial Protection Bureau (CFPB) is seeking public comment on new data and information that it has received in a rulemaking to...
Romney May Shut Down CFPB, Says Advisor
A top economic advisor to Mitt Romney has hinted that the Republican presidential candidate may either dismantle the Consumer Financial Protection Bureau (CFPB)...
RealtyTrac: 26% Of Q1 Home Sales Involved Foreclosure Or REO
Homes that were either in some stage of foreclosure or bank owned accounted for 26% of all U.S. residential sales during the first...
Freddie Mac: 15-Year FRM Falls Below 3% Barrier
New record lows were recorded as the 15-year fixed-rate mortgage (FRM) averaged an unprecedented 2.97% for the week ending May 31, bringing three...
Interthinx: Mortgage Fraud Risk Down In First Quarter
Mortgage fraud risk appears to be declining, according to the latest quarterly update issued by Agoura Hills, Calif.-based Interthinx. Interthinx's national Mortgage Fraud...