CFPB To Open Its Advisory Board, Council Meetings To The Public
As a result of mounting pressure from industry trade groups and members of Congress, the Consumer Financial Protection Bureau (CFPB) has decided to...
Lawsky Looking Into Servicer ‘Gag Orders’
Benjamin Lawsky, superintendent for the New York Department of Financial Services, is reportedly investigating a practice among certain mortgage servicers to include an...
North Miami Mayor Indicted On Mortgage Fraud
North Miami Mayor Lucie Tondreau has been indicted on charges of wire and mortgage fraud. She turned herself in to authorities on Tuesday....
CFPB Officials Testify In Response To Allegations Of Discrimination
Officials at the Consumer Financial Protection Bureau (CFPB) testified before the House Financial Subcommittee on Oversight and Investigations on Wednesday in response to...
NY DFS To Expand Investigation Into Servicers’ Partnerships
Benjamin Lawsky, superintendent of the New York Department of Financial Services (NY DFS) - who in April launched an investigation into why an...
What Will Finally Rev Up The Housing Engine?
As the housing recovery readies to shift into higher gear during the spring home buying season, regular supply and demand forces continue to...
San Antonio Mayor Is Obama’s Pick To Head HUD
San Antonio Mayor Julian Castro is President Obama's pick to lead the U.S. Department of Housing and Urban Development (HUD), replacing current HUD...
MBA’s David Stevens: Housing Finance System Is ‘Sick’ And Desperately Needs Reform
Seven years after the start of the Great Recession and six years after the U.S. government brought housing finance giants Fannie Mae and...
Watt Unveils FHFA’s 2014 Strategic Plan
In his first major public address since his appointment in December, Mel Watt, director of the Federal Housing Finance Agency (FHFA), on May...
Senate Banking Committee Narrowly Approves Johnson-Crapo Bill
The housing finance reform bill introduced in March by Sens. Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, has been narrowly approved by the...
FHA Offering Incentives To Borrowers Who Complete Counseling
The Federal Housing Administration (FHA) has launched a new incentive program that gives borrowers 'tangible savings' on FHA-insured home loans when they complete...
RealtyTrac: All-Cash Sales Hit Record High In Q1
All-cash sales of homes reached a record high in the first quarter, rising to 42.7% of all sales from 37.8% in the previous...
Prospects Dim For Housing Finance Reform In 2014
The Johnson-Crapo housing finance reform bill - the most popular of several housing finance reform bills introduced in Congress during the past year...
FHFA Official Arrested For Threatening To Kill Former Acting Director
Richard Hornsby, the chief operating officer of the Federal Housing Finance Agency (FHFA), has reportedly been arrested for threatening to kill Edward J....
City Of Detroit Launches Online Auctions To Liquidate Seized Properties
The City of Detroit has launched a new website to auction off vacant homes that were seized by tax foreclosures. Bids for the...
Freddie Mac Gearing Up To Finance Trailer Parks
Now that one in three homes is unaffordable for the average American, according to a recent report from Zillow, Freddie Mac is gearing...
Fed: Next Round Of Tapering In May
The Federal Open Market Committee in March voted to continue tapering the Federal Reserve's bond buying program by another $10 billion per month....
CFPB To Soften Some Of Its Mortgage Rules
The Consumer Financial Protection Bureau (CFPB) is proposing to make some minor adjustments to its mortgage rules, so as to free up more...
Moody’s: Housing Will Rebound In Second Half
Despite weak home sales, rising home prices, lack of affordability and a poor job market, Moody's is optimistic that housing will rebound in...
Bank Of America May Pay Up To $13B To Resolve DOJ, State Claims
Bank of America Corp. may have to pay up to $13 billion to resolve federal and state investigations into the sale of faulty...