JPMorgan Reaches Settlement Agreement With Investors Over Faulty MBS
A group of 21 institutional investors, including BlackRock Inc., Pacific Investment Management Co., U.S. Bank and Bank of New York Mellon Corp., have...
Report Lambastes Servicers For Doing Poor Job With HAMP
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has issued a report sharply criticizing mortgage servicers for...
Fed To Keep Tapering; Final Reduction Expected This Fall
Citing that labor market conditions continue to improve and that inflation hasn't yet reached the 2% threshold, the Federal Reserve will continue to...
CFPB Seeks To Ease HMDA Reporting Requirements
So as to not overly restrict consumer access to mortgage credit, the Consumer Financial Protection Bureau (CFPB) is easing its reporting requirements for...
Zillow To Keep Trulia Brand Intact
Zillow has announced its intention to acquire Trulia for $3.5 billion in a stock-for-stock transaction - a deal that, if approved, will create...
CFPB, FTC, States Take Action Against Foreclosure Relief Companies
The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission and 15 states have brought action against three different foreclosure relief firms for...
The ‘Widespread Contagion’ Of Foreclosure Is Now Contained
Falling 16% from the same time one year ago, the country's foreclosure activity has now hit the lowest level in eight years, according...
Bank Of America And AIG Reach $650 Million Settlement
Multinational insurer American International Group Inc. (AIG) has finally reached a $650 million global resolution of its residential mortgage-related disputes with Bank of...
June Housing Scorecard Shows Solid Strides In The Market
Although there are positive overall trends in housing - including growing equity and a rebound in sales of new and existing homes -...
CFPB ‘Concerned’ Some Mini-Correspondents Side-Stepping Rules
Making the transition from mortgage broker to 'mini-correspondent' doesn't necessarily mean you're off the hook in terms of compliance with the Consumer Financial...
Citigroup Settles Faulty RMBS Probe For $7 Billion
Citigroup will pay $7 billion to resolve allegations brought by federal and state officials that it misled investors about the quality of residential...
New Housing Finance Reform Bill Introduced In Congress
U.S. Reps John K. Delaney, D-Md.; John Carney, D-Del.; and Jim Himes, D-Conn., have introduced into the House new housing finance reform legislation...
Julian Castro Confirmed As HUD Secretary
It's a done deal: Julian Castro, President Obama's pick to lead the U.S. Department of Housing and Urban Development (HUD), sailed through his...
Citigroup Close To Settling With Feds Over Faulty MBS
Citigroup Inc. is reportedly close to reaching an agreement with federal prosecutors over its sale of faulty mortgage-backed securities (MBS) in the run-up...
CFPB: Heirs Can Be Added To Mortgage Without Triggering ATR
The Consumer Financial Protection Bureau (CFPB) has thrown a bone to mortgage lenders, stating in a new interpretive rule that when a borrower...
SunTrust To Pay $320 Million For ‘Bungling’ HAMP Applications
SunTrust Banks Inc. will pay up to $320 million to resolve allegations brought by the federal government that the bank failed to provide...
‘Middle Ground’ GSE Reform Proposal Would Keep Fannie, Freddie Alive
A trio of Democratic congressmen who serve on the House Committee on Financial Services next week will formally introduce a 'middle ground' housing...
Could Supreme Court Decision Lead To Revocation Of CFPB Rules?
Should President Obama end up being sued by House Republicans over his recess appointments to the Consumer Financial Protection Bureau (CFPB) and National...
U.S. Bancorp To Pay $200 Million To Settle Faulty Mortgage Claims
U.S. Bancorp will pay $200 million to resolve claims brought by the Federal Housing Administration (FHA) that it misrepresented the quality of mortgages...
Obama Administration Extends Making Home Affordable Program
The Obama administration is extending the cut-off date for the Home Affordable Modification Program from Dec. 31, 2015, to Dec. 31, 2016, and...