Stevens To Leave MBA For SunTrust Mortgage
The Mortgage Bankers Association (MBA) has announced that David H. Stevens, the association's president and CEO, will be leaving the organization effective June...
FHLBank Atlanta Announces AHP Products For Veterans
The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has announced the availability of new Affordable Housing Program (AHP) products that provide funding...
MBA: Applications Down, Rates Hit New Lows
Mortgage applications decreased 1.3% from one week earlier while average contract interest rates hit record lows, according to data from the Mortgage Bankers...
NAR: Pending Home Sales Down In April
Pending home sales retrenched in April following three consecutive monthly gains, according to new data from the National Association of Realtors (NAR). NAR's...
CUNA Seeks New Web Domain For Credit Unions
Move over, '.com' and '.org' - the Credit Union National Association (CUNA) is seeking to expand the Internet lexicon with an online domain...
S&P/Case-Shiller Reports New Post-Crisis Lows During The First Quarter
Data through the end of the first quarter of this year, released by the S&P/Case-Shiller Home Price Indices, showed that all three of...
Morici: Obama Conflict Of Interest In JPMorgan Trading Controversy
A prominent economist is questioning whether White House-based conflicts of interests are obscuring the administration's handling of the controversy surrounding JPMorgan Chase's recent...
EMC Mortgage Sued Over Soured 2006 Loans
EMC Mortgage, a unit of JPMorgan Chase, has been sued by SACO I Trust 2006-5 for an alleged breach of contract. According to...
RMBS Working Group Debuts Fraud Reporting Website
The Residential Mortgage-Backed Securities (RMBS) Working Group has announced the launch of a new website to report fraud and an upcoming meeting encompassing...
New York Mortgage Trust Begins Public Offering Of Common Stock
New York Mortgage Trust Inc. (NYMT) has commenced an underwritten registered public offering of 4 million shares of common stock. NYMT also expects...
Supreme Court Favors Quicken Loans In RESPA Case
The U.S. Supreme Court has unanimously upheld an appeals court decision in favor of Detroit-based Quicken Loans in a case regarding settlement service...
Zillow: Home Values And Rents Up In April
National home values rose for the second month in a row in April, climbing 0.7% from March to $147,300, according to the latest...
American Capital Mortgage Investment Announces Common Stock Offering
Bethesda, Md.-based American Capital Mortgage Investment Corp. has announced it priced a public offering of 11 million shares of common stock for total...
MBA Increases 2012 Origination Forecast By $200 Billion
The Mortgage Bankers Association (MBA) has increased its mortgage origination forecast for 2012 by almost $200 billion, due entirely to an increase in...
Senators Seek To Exclude Bank Executives From Regional Fed Boards
Sens. Bernie Sanders, I-Vt., Mark Begich, D-Alaska, and Barbara Boxer, D-Calif., have introduced legislation to prohibit banking industry executives from serving as directors...
Tim McGraw To Donate 25 Homes To Military Servicemembers
Country music star Tim McGraw has announced that he will give away 25 mortgage-free houses to wounded or financially distressed U.S. military service...
FDIC-Insured Banks Report $35.3 Billion In Q1 Profits
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) reported an aggregate profit of $35.3 billion in the first...
FHFA HPI Up Slightly In Q1
U.S. house prices rose modestly in the first quarter of this year, according to the Federal Housing Finance Agency's (FHFA) seasonally adjusted purchase-only...
Bank Of America Buys Back $330 Million In Loans From Freddie Mac
Bank of America Corp. has announced plans to buy back $330 million of home loans from Freddie Mac. According to a Bloomberg News...
China Allocates $10.5 Billion For Public Rental Housing
The Chinese Ministry of Finance is providing $10.5 billion to local governments for the construction of state-subsidized rental housing. According to a Reuters...