News
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 ($23.11 -0.29%) third-quarter profit perfectly illustrates the modest recovery taking hold in the...
An uptick in home sales and selling prices pushed homebuilder KB Home ($23.11 -0.29%) 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...
The Federal Housing Finance Agency is targeting five states in its plan to adjust the guarantee fees Fannie Mae and Freddie Mac charge for single-family mortgages. It hopes to recover a portion of the “exceptionally high costs” the GSEs incur in...
The Federal Housing Finance Agency is targeting five states in its plan to adjust the guarantee fees Fannie Mae and Freddie Mac charge for single-family mortgages. It hopes to recover a portion of the “exceptionally high costs” the GSEs incur in...
The average 30-year fixed rate mortgage rate returned to record lows this week, while the 15-year set an all-time bottom, following the Federal Reserve’s announcement of a new bond purchase plan.
The Freddie Mac survey showed the 30-year, FRM averaged 3....
After experiencing a sharp increase a week earlier, jobless claims for the five-day period ending September 15 fell slightly.
The number of applications for unemployment insurance edged down to 382,000 from the previous week's revised figure of 385,000 filings.
Meanwhile, the four-...