News

August 13, 2012 03:19 PM
Phoenix home prices climb 35% in one year

Phoenix home prices continued a year of steady gains in July as more properties crept onto the market, according to local multiple listing service data compiled by Grand Canyon Title Agency.

The average median home price increased for the to $165,000, up 35% from one year...

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August 13, 2012 03:15 PM
Phoenix home prices climb 35% in one year

Phoenix home prices continued a year of steady gains in July as more properties crept onto the market, according to local multiple listing service data compiled by Grand Canyon Title Agency.

The average median home price increased for the to $165,000, up 35% from one year...

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August 13, 2012 12:32 PM
Paul Ryan favors dissolving Fannie Mae and Freddie Mac

A Mitt Romney administration plan for a future housing finance system likely shuns any form of a government guarantee based on the Paul Ryan, R-Wis., pick as candidate for vice president.

Ryan, as head of the House Budget Committee, released...

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August 13, 2012 11:51 AM
Paul Ryan favors dissolving Fannie Mae and Freddie Mac

A Mitt Romney administration plan for a future housing finance system likely shuns any form of a government guarantee based on the Paul Ryan, R-Wis., pick as candidate for vice president.

Ryan, as head of the House Budget Committee, released...

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August 13, 2012 11:42 AM
Pacific Mercantile abandons wholesale mortgage lending

After an extensive review of its mortgage banking business, which has grown rapidly over a short period of time, Pacific Mercantile Bancorp ($6.10 -0.16...

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August 13, 2012 11:30 AM
Pacific Mercantile abandons wholesale mortgage lending

After an extensive review of its mortgage banking business, which has grown rapidly over a short period of time, Pacific Mercantile Bancorp ($6.10 -0.16...

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August 13, 2012 05:00 AM
Monday Morning Cup of Coffee: Fiscal problems take center stage

Monday Morning Cup of Coffee takes a look a news crossing the HousingWire weekend desk.

Fiscal problems center stage?

The biggest news of the weekend is undoubtedly the selection of Wisconsin Representative Paul Ryan as the Republican Party candidate for vice...

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August 10, 2012 06:23 PM
Countrywide loan credit improving without significant modifications

The credit performance on Countrywide loans serviced by Bank of America ($13.21 -0.1%) is improving at a rate faster than loans serviced by...

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August 10, 2012 05:49 PM
Countrywide loan credit improving without significant modifications

The credit performance on Countrywide loans serviced by Bank of America ($13.21 -0.1%) is improving at a rate faster than loans serviced by...

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August 10, 2012 04:41 PM
FDIC sues 12 banks over mortgage bonds sold to Colonial

The Federal Deposit Insurance Corp. sued 12 major banks Friday for selling allegedly faulty mortgage bonds to defunct Colonial Bank.

Montgomery, Ala.-based Colonial failed in August 2009 with more than $25 billion in assets after bad bets on housing and a lending scandal...

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August 10, 2012 04:35 PM
FDIC sues 12 banks over mortgage bonds sold to Colonial

The Federal Deposit Insurance Corp. sued 12 major banks Friday for selling allegedly faulty mortgage bonds to defunct Colonial Bank.

Montgomery, Ala.-based Colonial failed in August 2009 with more than $25 billion in assets after bad bets on housing and a lending scandal...

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August 10, 2012 04:54 PM
Former Fannie execs denied dismissal of subprime fraud suit

Three former executives at Fannie Mae lost their bid to end a Securities and Exchange Commission lawsuit alleging investor fraud.

The SEC filed suit against former CEO Daniel Mudd, former Chief Risk Officer Enrico Dallavecchia and the former chief of the...

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August 10, 2012 03:57 PM
Former Fannie execs denied dismissal of subprime fraud suit

Three former executives at Fannie Mae lost their bid to end a Securities and Exchange Commission lawsuit alleging investor fraud.

The SEC filed suit against former CEO Daniel Mudd, former Chief Risk Officer Enrico Dallavecchia and the former chief of the...

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August 10, 2012 03:00 PM
Low Twin City inventory causes biggest home price gain since 2004

The shifting forces of supply and demand are driving home prices across the nation to heights not attained in years.

In Minneapolis-St. Paul, a housing inventory that sits at a nearly nine-year low and a changing sales mix away from foreclosures caused prices to rise for five straight...

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August 10, 2012 11:53 AM
Georgia banker gets 12-year sentence for fraud

Mark Conner, former president of the failed FirstCity Bank in Georgia, was sentenced to 12 years in prison and ordered to pay $19.5 million in restitution for his part in several schemes that sunk his and at least 10 other banks.

Conner served in several top positions at...

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