News
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
Servicers continue to capture the heat of economists and researchers who claim new data shows servicing shops were not equipped to process millions of loan modifications in...
[Update: Adds Romney shared appreciation accounting proposals]
In his latest housing plan, Republican presidential nominee Mitt Romney promised to abolish President Obama's foreclosure prevention programs in order to spark more private deals between banks and their borrowers.
"A...
[Update: Adds Romney shared appreciation accounting proposals]
In his latest housing plan, Republican presidential nominee Mitt Romney promised to abolish President Obama's foreclosure prevention programs in order to spark more private deals between banks and their borrowers.
"A...
Comptroller of the Currency Thomas Curry is concerned banks are padding profits by releasing too much of their reserves for loan losses.
Collective bank earnings increased higher than the year before for 12 straight quarters now, he told a Wall Street lobbying group the...
Comptroller of the Currency Thomas Curry is concerned banks are padding profits by releasing too much of their reserves for loan losses.
Collective bank earnings increased higher than the year before for 12 straight quarters now, he told a Wall Street lobbying group the...
Larger Wall Street investors rushing into the REO market have raised between $6 billion and $8 billion for acquisitions, according to analysts at investment bank Keefe, Bruyette & Woods.
They estimate the money raised could buy between 40,000 and 80,000 previously...
Larger Wall Street investors rushing into the REO market have raised between $6 billion and $8 billion for acquisitions, according to analysts at investment bank Keefe, Bruyette & Woods.
They estimate the money raised could buy between 40,000 and 80,000 previously...
Builder KB Home's ($23.84 -0.15%) third-quarter profit perfectly illustrates the modest recovery taking hold in the...
An uptick in home sales and selling prices pushed homebuilder KB Home ($23.84 -0.15%) to a third-...
The first Consumer Financial Protection Bureau exams into mortgage servicers will result in corrective actions for several firms, according to the bureau director Richard Cordray.
"We have the ability to examine mortgage servicers and send in examination teams. We have...
The first Consumer Financial Protection Bureau exams into mortgage servicers will result in corrective actions for several firms, according to the bureau director Richard Cordray.
"We have the ability to examine mortgage servicers and send in examination teams. We have...
Consumer Financial Protection Bureau Director Richard Cordray told a House committee Thursday that mortgage lenders would still not be safe if the bureau elects to grant a safe harbor provision to the upcoming Qualified Mortgage rule.
"The safe harbor versus rebuttable...
The recent dismissal of several Mortgage Electronic Registration Systems lawsuits in Washington state proves legal precedent from the bench will ultimately shape which cases are filed against the electronic mortgage registry in the future.
A few years...
Recent indicators showed housing has largely corrected back to pre-bubble levels and affordability, according to a note from Deutsche Bank analysts.
Nationally, home prices dropped roughly 40% from the overheated peak in 2006 to a low in 2009. But the analyst said in a...
Recent indicators showed housing has largely corrected back to pre-bubble levels and affordability, according to a note from Deutsche Bank analysts.
Nationally, home prices dropped roughly 40% from the overheated peak in 2006 to a low in 2009. But the analyst said in a...