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Members of the House Committee on Appropriations fired off questions Wednesday to Shaun Donovan, secretary of the Department of Housing and Urban Development, seeking answers to how the Federal Housing Administration will avoid a...
Bank of America posted a profit of $2.6 billion, or 20 cents a share, for the first quarter of 2013.
That is up from a profit of $653 million, or 3 cents a share, a year earlier and reflective of higher brokerage income, improved credit quality across all portfolios and...
Mortgage applications continued their upward climb, increasing 4.8% from one week earlier, according to data from the Mortgage Bankers Association.
The refinance index also improved, up 5% from the...
Financial regulators are confident steps they took to protect the nation from too-big-to-fail banks are enough to curtail excessive risk-taking.
Regulatory agencies defended these initiatives when testifying before the House Financial Services Committe Tuesday, despite...
Financial regulators are confident steps they took to protect the nation from too-big-to-fail banks are enough to curtail excessive risk-taking.
Regulatory agencies defended these initiatives when testifying before the House Financial Services Committe Tuesday, despite...
Comerica released its first-quarter earnings, revealing a net income of $134 million, compared to $130 million for the fourth quarter of 2012.
The associated net interest income for residential mortgage loans in the first quarter totaled $17 million, Comerica...
Comerica released its first-quarter earnings, revealing a net income of $134 million, compared to $130 million for the fourth quarter of 2012.
The associated net interest income for residential mortgage loans in the first quarter totaled $17 million, Comerica...
Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.
An article in USA Today is noting an uptick in non-FHA backed loans, but with less than 20% down payment. Loans with down...
In the aftermath of the housing crisis, many young households lost a great deal of wealth in the downturn when compared to middle-aged and older households.
At the Federal Reserve System Community Development Research Conference, William Emmons, assistant vice president and economist at...
Mega bank JPMorgan Chase posted relatively strong first-quarter earnings even as income from mortgage banking fell 31% from year ago levels to $673 million...
Wells Fargo reported a first-quarter profit of $5.2 billion, a 22% increase from first the quarter of 2012, with shares surging 23% from the same period, to $0.92.
The company's boost in profit follows a $29.5 billion rise in average loans, accumulating to $798.1...
The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015.
The program was set to expire at the end of this year.
FHFA determined that...
The Federal Housing Finance Agency directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program by two years to Dec. 31, 2015.
The program was set to expire at the end of this year.
FHFA determined that...
Fixed-mortgage rates inched down for the second consecutive week, aligning with weak employment reports, Freddie Mac said in its latest Primary Mortgage Market Survey.
"Mortgage rates fell further this week following a lackluster employment report for March. The...
The Federal Housing Administration may tap up to $943 million in taxpayer bailout funds, according to the White House and the Federal Housing Administration.
This would be the first such injection in the history of the FHA.
FHA Commissioner Carol Galante said in a...