Barney Frank, AEI Duel On JPMorgan’s $2 Billion Loss
Rep. Barney Frank, D-Mass., is using the news of JPMorgan Chase's $2 billion trading loss as evidence that the Dodd-Frank Act should not...
Bernanke: Banks Are Too Restrictive On Lending
Federal Reserve Chairman Ben Bernanke has accused banks of becoming too restrictive in originating mortgages. According to a Reuters report, Bernanke - addressing...
LPS: February Home Prices Up 0.2%
U.S. home prices increased in February for the first time in more than two years, according to updated data released by Jacksonville, Fla.-based...
Donald H. Layton Named New Freddie Mac CEO
Freddie Mac has appointed Donald H. Layton CEO and elected him as a member of its board of directors. Layton will join the...
Quicken Loans Sponsors NASCAR Race
Detroit-based Quicken Loans Inc. has teamed with Michigan International Speedway (MIS) in Brooklyn, Mich., to sponsor the Quicken Loans 400 NASCAR Sprint Cup...
Digital Risk Calls On Industry To Launch Due Diligence Task Force
Digital Risk LLC, a New York-based provider of mortgage risk, compliance and transaction management solutions, has called for the creation of an industry...
Builder Confidence Rises In Single-Family 55+ Housing Market
Builder confidence in the 55+ housing market for single-family homes had a significant increase in the first quarter of this year compared to...
Thai Bank Offers 50-Year Mortgage
Forget about 15-year and 30-year mortgages - Thailand's Kasikornbank (KBank) is now offering borrowers the ability to take out a 50-year mortgage. The...
Fannie Mae Reports Q1 Profit
Fannie Mae has reported a net income of $2.7 billion in the first quarter of this year, compared to a net loss of...
Prudential Sues Morgan Stanley Over RMBS Purchase
Prudential Financial Inc. has sued Morgan Stanley over a $1 billion residential mortgage-backed securities (RMBS) purchase. According to a Bloomberg News report, Prudential...
Canadian Housing Starts Up In April
The seasonally adjusted annual rate of Canadian housing starts was 244,900 units in April, up from 214,800 units in March, according to new...
MBA: Mortgage Applications Up 1.7%
Mortgage applications increased 1.7% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the...
Mixed Q1 Picture On Existing Single-Family Home Sales
The median existing single-family home price rose in 74 out of 146 metropolitan statistical areas in the first quarter of this year from...
CFPB Proposes New Rules On Loan Origination
The Consumer Financial Protection Bureau (CFPB) has announced that it is considering new rules designed to 'simplify mortgage points and fees and bring...
FDIC Executive To Replace John Walsh At OCC
The Office of the Comptroller of the Currency (OCC) has named Paul Nash to succeed John Walsh as senior deputy comptroller and chief...
NAHB Seeks Lacey Act Change On Home Seizures
As if the housing industry does not have enough problems, there is a legislative loophole that allows the federal government to seize homes...
MBA Talks Up Role As Champion Of The Consumer
Industry professionals attending the Mortgage Bankers Association's (MBA) National Secondary Marketing Conference in New York City yesterday could be excused if they believed...
Ally Financial Mortgage Unit ‘On The Verge’ Of Bankruptcy
Residential Capital (ResCap), the mortgage servicing and lending division of Ally Financial, is 'on the verge of being put into bankruptcy,' according to...
Fannie Mae Survey: ‘Rising Optimism For The Housing Market’
According to the results of Fannie Mae's April 2012 National Housing Survey, Americans' attitudes about homeownership, the economy and personal finances 'continue to...
Many Housing Markets Still Showing Signs Of Improvement
According to the latest National Association of Home Builders/First American Improving Markets Index (IMI), the number of major housing markets that are showing...