Capital One Bank Expands With Multifamily Finance Business
Capital One Bank, a subsidiary of Capital One Financial Corp., has introduced Capital One Multifamily Finance, a commercial real estate organization that combines...
Vinayak Kulkarni: Counseling World Lagging From A Technology Perspective
PERSON OF THE WEEK: Vinayak Kulkarni is vice president of product development for IndiSoft, a provider of mortgage technology to originators and servicers....
Fay Servicing Launches Mortgage Origination Division
Special servicer Fay Servicing recently launched a new mortgage origination division that will focus on retail and correspondent loans. The new division will...
Massachusetts Accuses Fannie, Freddie Of Blocking Buyback Programs
The State of Massachusetts has filed a lawsuit against government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, accusing them of blocking foreclosure buyback...
Caliber Home Loans Introduces Non-Agency Mortgage Products
Caliber Home Loans has unveiled its Non-Agency Alternative program, which offers expanded guidelines and qualifying considerations for asset depletion to eligible, qualified borrowers,...
Task Force: 40,000+ Blighted Detroit Homes Need To Be Razed
Detroit's Blight Removal Task Force has issued a report showing that about 84,000, or 20%, of the city's homes are in some state...
Alabama Real Estate Company Fined $500K For RESPA Violations
RealtySouth, the largest real estate firm in Alabama, will pay $500,000 in civil penalties to the Consumer Financial Protection Bureau (CFPB) for failing...
Fed To Taper Again; Still Developing Plan For Normalizing Policy
Members of the Federal Open Market Committee (FOMC) voted April 29-30 to continue tapering the Federal Reserve's bond buying program - thus curtailing...
Joy Hou: Technology Should Empower Workers, Not Replace Them
PERSON OF THE WEEK: Joy Hou is CEO of METIS Financial network, a provider of custom-tailored data, document and workflow management solutions. MortgageOrb...
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...
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....
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...
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...