News

May 3, 2013 12:29 PM
Fed governor calls for link between capital, liquidity at mega banks

Regulators should impose higher capital and liquidity requirements on too-big-to fail banks by linking the two together, said Daniel Tarullo, a governor with the Federal Reserve

While there is a need for solid minimum requirements for both capital and liquidity,...

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May 3, 2013 01:36 PM
Carol Galante: FHA multifamily volume production nears its peak

Federal Housing Administration Commissioner Carol Galante told HousingWire in an exclusive interview that the FHA’s multifamily refinancing volume is most likely at its peak, with low interest rates encouraging refis on existing loans insured by agency.

With this pace of...

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May 3, 2013 11:01 AM
Carol Galante: FHA multifamily volume production nears its peak

Federal Housing Administration Commissioner Carol Galante told HousingWire in an exclusive interview that the FHA’s multifamily refinancing volume is most likely at its peak, with low interest rates encouraging refis on existing loans insured by agency.

With this pace of...

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May 3, 2013 11:07 AM
HUD to sell 40,000 distressed loans in 2013

In an effort to address the country’s shadow inventory and relieve high-foreclosure areas, the U.S. Department of Housing and Urban Development will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration....

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May 3, 2013 10:44 AM
HUD to sell 40,000 distressed loans in 2013

In an effort to address the country’s shadow inventory and relieve high-foreclosure areas, the U.S. Department of Housing and Urban Development will sell thousands of severely delinquent mortgage loans insured by the Federal Housing Administration....

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May 3, 2013 11:02 AM
SEC serves banking giant RMBS enforcement action

The Royal Bank of Scotland disclosed the receipt of a Wells notice from the Securities and Exchange Commission, which is related to residential mortgage-backed securities. 

On March 28, the SEC staff informed RBS that it served a civil/administrative...

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May 3, 2013 10:40 AM
SEC serves banking giant RMBS enforcement action

The Royal Bank of Scotland disclosed the receipt of a Wells notice from the Securities and Exchange Commission, which is related to residential mortgage-backed securities. 

On March 28, the SEC staff informed RBS that it served a civil/administrative...

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May 3, 2013 09:56 AM
Nevada lawmakers push for local Homeowner Bill of Rights

The California Homeowner Bill of Rights shifted how foreclosure attorneys, banks and homeowners view the default process in the state....

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May 3, 2013 08:45 AM
April job gains dampened by weaker outlook for young Americans

Despite overall growth in the employment situation in the month of April, employment for 18- to 34-year olds slipped to 75.2% from 75.6% in December, creating the potential for drag on the housing market.

"Employment in this age group is now only slightly higher than a year ago (75.1% in...

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May 3, 2013 07:41 AM
Flagstar to pay MBIA $110 million to settle MBS insurance suit

Flagstar Bank is on the hook for another $110 million payout to a bond insurer who sued the Michigan-based bank over guaranteed mortgage-backed securities that soured.

MBIA, which also is looking for a hefty $3 billion settlement from...

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May 2, 2013 04:27 PM
Redwood Trust starts first quarter strong on securitizations

Redwood Trust — the real estate investment trust dominating the private-label residential mortgage-backed securities sector — is making the private mortgage finance market proud. 

Not only has the company priced four deals since the beginning of the year, by far the...

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May 2, 2013 04:23 PM
Redwood Trust starts first quarter strong on securitizations

Redwood Trust — the real estate investment trust dominating the private-label residential mortgage-backed securities sector — is making the private mortgage finance market proud. 

Not only has the company priced four deals since the beginning of the year, by far the...

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May 2, 2013 04:12 PM
Citadel steps into non-prime market

Citadel Servicing Corp. discovered a need for non-prime lending and launched a product to serve this segment of the market.

The company's CEO and Chairman Dan Perl discussed the process of constructing a platform to originate non-prime mortgages on the radio show Capital...

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May 2, 2013 03:59 PM
Citadel steps into non-prime market

Citadel Servicing Corp. discovered a need for non-prime lending and launched a product to serve this segment of the market.

The company's CEO and Chairman Dan Perl discussed the process of constructing a platform to originate non-prime mortgages on the radio show Capital...

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May 2, 2013 11:49 AM
Move Inc. acquires real estate site Doorsteps

Move Inc. announced Thursday the acquisition of Doorsteps, a website providing tools and resources to potential homeowners. The acquisition will enable Move to connect consumers with their perfect homes as well as tools, knowledge and professionals needed...

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