News

May 31, 2012 06:38 PM
HUD, LPS differ on FHA foreclosure data

The Department of Housing and Urban Development pushed back against a report from Lender Processing Services ($29.55 0.55%)...

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June 1, 2012 01:24 PM
HUD, LPS differ on FHA foreclosure data

The Department of Housing and Urban Development pushed back against a report from Lender Processing Services ($29.55 0.55%)...

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May 31, 2012 03:42 PM
SunTrust Mortgage settles $21M mortgage discrimination suit

SunTrust Mortgage ($31.88 0.61%), a subsidiary of the nation’s 11th-largest commercial bank, agreed to pay $21 million to resolve a lawsuit by...

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May 31, 2012 04:28 PM
SunTrust Mortgage settles $21M mortgage discrimination suit

SunTrust Mortgage ($31.88 0.61%), a subsidiary of the nation’s 11th-largest commercial bank, agreed to pay $21 million to resolve a lawsuit by...

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May 31, 2012 03:29 PM
SunTrust Mortgage settles $21M mortgage discrimination suit

SunTrust Mortgage ($31.88 0.61%), a subsidiary of the nation’s 11th-largest commercial bank, agreed to pay $21 million to resolve a lawsuit by...

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May 31, 2012 03:21 PM
FHA foreclosures spike 73% in April: LPS

[Update: HUD refutes LPS numbers, claims 19,000 FHA foreclosures in April]

Foreclosure starts on mortgages insured by the Federal Housing Administration spiked 73% in April, according to data from Lender Processing Services...

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May 31, 2012 03:12 PM
FHA foreclosures spike 73% in April: LPS

[Update: HUD refutes LPS numbers, claims 19,000 FHA foreclosures in April]

Foreclosure starts on mortgages insured by the Federal Housing Administration spiked 73% in April, according to data from Lender Processing Services...

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May 31, 2012 02:36 PM
New data prompts CFPB to reopen comment period on QM

Armed with new data, the Consumer Financial Protection Bureau is reopening the comment period for the qualified mortgage proposal.

The proposal addresses the...

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May 31, 2012 02:02 PM
New data prompts CFPB to reopen comment period on QM

Armed with new data, the Consumer Financial Protection Bureau is reopening the comment period for the qualified mortgage proposal.

The proposal addresses the...

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May 31, 2012 01:35 PM
Capital spending muted as structural employment concerns persist: Pianalto

The economic recovery that officially began in mid-2009 has failed to put a significant dent in the nation's unemployment rate as capital spending and job growth remains muted, Federal Reserve Bank of Cleveland president Sandra Pianalto said Thursday....

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May 31, 2012 12:26 PM
California passes bills giving AG Harris greater investigative power

The California state Assembly and Senate passed a package of bills giving Attorney General Kamala Harris new powers to pursue financial crimes. The legislation is moving to the governor for signature.

The twin bills (AB 1763 and SB 1474) allow Harris to convene a special grand jury in...

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May 31, 2012 12:03 PM
California passes bills giving AG Harris greater investigative power

The California state Assembly and Senate passed a package of bills giving Attorney General Kamala Harris new powers to pursue financial crimes. The legislation is moving to the governor for signature.

The twin bills (AB 1763 and SB 1474) allow Harris to convene a special grand jury in...

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May 31, 2012 11:21 AM
Private mortgage insurers write $7.1 billion in new business

Mortgage insurers represented by the Mortgage Insurance Companies of America wrote $7.1 billion in new primary mortgage insurance in April, up from $6.7 billion in March.

That's almost double the $3.7 billion in new mortgage insurance written during...

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May 31, 2012 11:17 AM
Nearly $350 billion in mortgage debt shed in last year

Consumers trimmed nearly $350 billion in mortgage debt, by foreclosure, payoffs or some other forfeiture in lieu of eviction, over the last 12 months, according to the Federal Reserve Bank of New York.

Mortgage balances on consumer credit reports reached a peak in the...

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May 31, 2012 10:57 AM
Nearly $350 billion in mortgage debt shed in last year

Consumers trimmed nearly $350 billion in mortgage debt, by foreclosure, payoffs or some other forfeiture in lieu of eviction, over the last 12 months, according to the Federal Reserve Bank of New York.

Mortgage balances on consumer credit reports reached a peak in the...

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