News

July 17, 2012 09:17 AM
Homebuilder confidence experiences largest one-month gain in a decade

Homebuilder confidence rose six points in July, its steepest one-month increase in over a decade, according to a new report from the National Association of Home Builders.

NAHB released the Housing Market Index that it compiled in tandem with Wells Fargo...

Read More
July 16, 2012 05:57 PM
Ocwen shared appreciation program slashes average mortgage by $75k+

Ocwen Financial Corp. ($44.64 0%) reduced principal for 18,924 mortgage borrowers as of May as part of its shared appreciation program...

Read More
July 16, 2012 05:48 PM
Ocwen shared appreciation program slashes average mortgage by $75k+

Ocwen Financial Corp. ($44.64 0%) reduced principal for 18,924 mortgage borrowers as of May as part of its shared appreciation program...

Read More
July 16, 2012 04:05 PM
AIG gets back $5 billion contribution to Maiden Lane III

American International Group ($44.81 -0.33%) received back its $5 billion in equity contributed to the Maiden Lane III disaster fund.

In...

Read More
July 16, 2012 12:30 PM
Wolters Kluwer Financial Services acquires FinArch

Risk management and compliance provider Wolters Kluwer Financial Services acquired Ghent, Belgium-based FinArch in a move that will enhance its ability to provide global financial institutions with compliance services. 

The deal, which will bring 200...

Read More
July 16, 2012 12:10 PM
Wolters Kluwer Financial Services acquires FinArch

Risk management and compliance provider Wolters Kluwer Financial Services acquired Ghent, Belgium-based FinArch in a move that will enhance its ability to provide global financial institutions with compliance services. 

The deal, which will bring 200...

Read More
July 16, 2012 12:24 PM
Citigroup reluctant to shrink reserves against mortgage portfolio

Citigroup ($49.53 -0.48%) is standing firm against releasing loan loss reserves on its mortgage portfolio because of the overhang of...

Read More
July 16, 2012 11:57 AM
Citigroup reluctant to shrink reserves against mortgage portfolio

Citigroup ($49.53 -0.48%) is standing firm against releasing loan loss reserves on its mortgage portfolio because of the overhang of...

Read More
July 16, 2012 12:14 PM
Fannie Mae to train mortgage servicer single points of contact

Fannie Mae opened training to call center employees at mortgage servicing shops around the country.

A total of 18 servicers adopted the Know Your Options Customer Care program over the last year, including the five largest firms Bank of America...

Read More
July 16, 2012 11:39 AM
Fannie Mae to train mortgage servicer single points of contact

Fannie Mae opened training to call center employees at mortgage servicing shops around the country.

A total of 18 servicers adopted the Know Your Options Customer Care program over the last year, including the five largest firms Bank of America...

Read More
July 16, 2012 10:34 AM
More underwater borrowers shorten mortgage under HARP

More Fannie Mae and Freddie Mac borrowers who owe more on their mortgage than their home is worth chose to refinance into shorter-term loans in order to rebuild equity faster, according to the Federal Housing Finance Agency.

Roughly 19%...

Read More
July 16, 2012 10:39 AM
More underwater borrowers shorten mortgage under HARP

More Fannie Mae and Freddie Mac borrowers who owe more on their mortgage than their home is worth chose to refinance into shorter-term loans in order to rebuild equity faster, according to the Federal Housing Finance Agency.

Roughly 19%...

Read More
July 16, 2012 08:31 AM
Citigroup records $2.9 billion 2Q profit

Banking giant Citigroup ($49.53 -0.48%) posted a second-quarter profit of $2.95 billion, or 95 cents a share, on revenue of $18.6...

Read More
July 16, 2012 05:00 AM
Monday Morning Cup of Coffee: HARP 2.0 boom slowing

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:

Refinancing activity at the largest banks may be slowing, though it remains premature to call a peak to the Home Affordable Refinance Program boom, according to ...

Read More
July 15, 2012 08:21 PM
Monday Morning Cup of Coffee: HARP 2.0 boom slowing

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:

Refinancing activity at the largest banks may be slowing, though it remains premature to call a peak to the Home Affordable Refinance Program boom, according to ...

Read More