Seven Florida Residents Indicted For Mortgage Fraud
Seven Florida residents have been indicted on charges of bank fraud and wire fraud for their alleged involvement in a 'complex' mortgage fraud...
Watt Postpones G-Fee Hikes
As promised, Mel Watt, the new director of the Federal Housing Finance Agency (FHFA), conservator of government-sponsored enterprises (GSEs) Fannie Mae and...
Mike Hardwick: Churchill Mortgage Keeps Bucking Industry Trends
PERSON OF THE WEEK: Mike Hardwick is founder of Brentwood, Tenn.-based Churchill Mortgage, which recently announced that it was offering employees a 49%...
Credit Unions Anticipate Slow Mortgage Growth In 2014
Credit unions are pessimistic about mortgage loan growth in 2014, according to the National Association of Federal Credit Unions (NAFCU). The Arlington, Va.-based...
Watt Sworn In As Director Of FHFA
Millions of Americans may get principle forbearance on their underwater mortgages, now that Rep. Mel Watt, D-N.C., has been officially sworn in as...
Wells Fargo To Pay $591M To Fannie Mae; Legacy Repurchase Reviews Closed
Wells Fargo will pay $591 million to government-sponsored enterprise (GSE) Fannie Mae to resolve repurchase requests on certain loans originated prior to 2009....
Flagstar To Pay $8.9 Million To Freddie Mac
Flagstar Bancorp Inc., the holding company for Flagstar Bank, will pay government-sponsored enterprise (GSE) Freddie Mac $8.9 million to settle claims that it...
Watt Says He’ll Postpone G-Fee Hikes
Rep. Mel Watt, D-N.C., the incoming director of the Federal Housing Finance Agency (FHFA), announced on Friday that he intends to delay the...
2013 To Bring Largest Gain In Home Values Since 2005
Homes nationwide are expected to gain almost $1.9 trillion in cumulative value in 2013 - the second consecutive annual gain and the largest...
Fed To Start Tapering Bond Buying In January
Having decided that economic conditions have improved enough, the Federal Reserve on Wednesday announced that it will start scaling back its $85-billion-a-month bond-buying...
Census Bureau: Housing Starts Jumped 22.7% In November
Housing starts jumped a dramatic 22.7% in November, compared to October, according to the U.S. Census Bureau and U.S. Department of Housing and...
Sanjeev Dahiwadkar: Compliance Not Possible Without Technology
PERSON OF THE WEEK: Sanjeev Dahiwadkar is CEO and president of IndiSoft, a technology development firm that focuses on systems for the financial...
Although Still Facing A $1.3B Shortfall, FHA’s Financial Condition Improving
Despite having received a $1.7 billion infusion of capital from the U.S. Treasury on Sept. 30 - and despite having made considerable progress...
Roger Beane: New OCC Guidelines Mean Lenders Must Pick Vendors Carefully
PERSON OF THE WEEK: Roger Beane is CEO of LRES, a national provider of commercial and residential valuations and asset management for the...
FHFA Announces G-Fee Hikes For 2014
As was expected, the Federal Housing Finance Agency (FHFA) is increasing the guarantee-fees (g-fees) that will be charged by government-sponsored enterprises (GSEs) Fannie...
Watt Confirmed As Next Director Of FHFA
The U.S. Senate on Tuesday confirmed Rep. Mel Watt, D-N.C., to serve as director of the Federal Housing Finance Agency (FHFA), regulator of...
City Of Los Angeles Slaps Banks With Mortgage Discrimination Suits
The city of Los Angeles has reportedly filed separate lawsuits against Citigroup, Bank of America and Wells Fargo, accusing the banks of engaging...
Joe Mowery: Lenders, Service Providers Need To Eliminate Redundancies
PERSON OF THE WEEK: Joe Mowery is president of LenderLive Settlement Services, offering lenders and servicers an array of title insurance, title services...
Monitor: Settlement Banks Failed Some Servicing Tests In First Half
Three of the five banks subject to the 2012 national mortgage settlement continue to have challenges adhering to the servicing rules, having failed...
Bank Of America Settles With Freddie Mac For $404 Million
Bank of America has agreed to pay $404 million to Freddie Mac to settle claims that the bank misrepresented the quality of single-family...