CNBC video: Home shortage could be due to real estate agents

Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
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The Ticker

HUD audits BB&T over government-backed loans

Bank sets aside reserves of $53 million
July 22, 2014
BB&T is under the scrutiny of the U.S. Department of Housing and Urban Development while the housing authority looks into the bank's sales of government-backed loans.
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Kofax launches Mortgage Agility to streamline application process

New solution lets borrowers upload application data from mobile devices
July 22, 2014

Mortgage Agility allows borrowers to upload mortgage application data though mobile devices, then extracts that information and assembles it into a complete mortgage application package that integrates directly into loan origination systems.


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CIT Group, OneWest Bank merge, boost capital position

Grows assets to $67 billion
July 22, 2014
"This transformational transaction will combine CIT's national middle market lending platform with OneWest's wholesale lending and branch banking franchise to create a unique provider of retail and institutional financial services," said John Thain, chairman and CEO of OneWest.
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Understand when TILA-RESPA tolerances can change

If consumers choose service provider, all bets are off
July 22, 2014
There are circumstances where charges on the Loan Estimate form may change without any violations to the “tolerance” thresholds.
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Real Estate Strategies launches low-balance mortgage solution

Closes sale of more than 1,300 mortgage notes
July 21, 2014
Real Estate Strategies, a brokerage firm, closed the sale of more than 1,300 mortgage notes with an average unpaid balance of $75,000, with a new solution that is designed to address lower balance mortgages.
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People who live in unhappy cities get better housing

Build a better castle to keep the unhappy out?
July 21, 2014
People stuck in unhappy cities get compensated in the form of better housing, or so says a new study. Considering that a large portion of New York housing is smaller than a typical Texas family room, it’s not clear what the compensation is for The Big, Unhappy Apple.
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Homeowner awarded million-dollar mortgage settlement

Will homeowner ever receive a dime?
July 21, 2014
What's unusual is the sheer size of the settlement, which PHH Mortgage Services is fighting and other lawyers say is excessive. Lawyers for Philip Linza said the award included $514,000 in compensatory damages and $15.7 million in punitive damages.
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BB&T profits fall on weak mortgages

CEO blames underwriting costs
July 21, 2014
It's been a bad quarter for the bank. According to MarketWatch, the Winston-Salem, N.C.-based bank's profit fell to $425 million from $547 million a year earlier. On a per-share basis, the bank earned $0.58 compared with $0.77 a year earlier.
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JPMorgan’s Dimon threatens to quit FHA loans

Rules on penalties need to be clearer, CEO says
July 21, 2014
JPMorgan Chase’s CEO says his bank is considering getting out of the FHA mortgage origination business altogether.
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Streamline the closing process

Our weekly summary
July 21, 2014
Our powerful digital closing platform takes the best of the web's collaboration and social features, integrations, analytics, and enterprise scalability to bring everyone in the closing process together on the same page, in a new and engaging way.
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