News
Bank of America ($13.19 -0.08%) profits dropped in the first quarter despite narrowing losses in its shrinking mortgage department.
BofA...
The House Financial Services Committee voted 31-26 Wednesday in favor of moving the Consumer Financial Protection Bureau funding under the authority of an appropriations panel.
The House budget panel instructed the financial services committee to find $29.8 billion...
After Ally Financial disclosed its struggling mortgage unit ResCap missed a payment on its debt, Barclays Capital analysts warned of more trouble from a possible bankruptcy.
According to the...
The ongoing stress at Radian's ($12.73 -0.17%) mortgage insurance units and its constrained liquidity position prompted Moody's...
The Consumer Financial Protection Bureau said it will use all available legal avenues to deal with predatory lending, including "disparate impact" claims when bringing cases under the Equal Credit Opportunity Act.
Disparate impact is a legal claim at the center of...
The Consumer Financial Protection Bureau said it will use all available legal avenues to deal with predatory lending, including "disparate impact" claims when bringing cases under the Equal Credit Opportunity Act.
Disparate impact is a legal claim at the center of...
Seven bills reforming some foreclosure rules passed committees in the California state legislature this week.
The bills were introduced in February. One set of bills extends...
Seven bills reforming some foreclosure rules passed committees in the California state legislature this week.
The bills were introduced in February. One set of bills extends...
Freddie Mac will soon tell mortgage servicers to reduce the standard interest rate on its mortgage modifications, according to a senior official.
The government-sponsored enterprise will lower the rate to 4.625% from 5% for loans modified outside the Treasury...
Freddie Mac will soon tell mortgage servicers to reduce the standard interest rate on its mortgage modifications, according to a senior official.
The government-sponsored enterprise will lower the rate to 4.625% from 5% for loans modified outside the Treasury...
Freddie Mac will soon tell mortgage servicers to reduce the standard interest rate on its mortgage modifications, according to a senior official.
The government-sponsored enterprise will lower the rate to 4.625% from 5% for loans modified outside the Treasury...
Basel regulations are dampening growth of banks’ mortgage servicing business, allowing nonbank entities to swoop in and become major sources of mortgage servicing rights funding, said John Britti, an executive vice president at Ocwen Financial Corp....
Basel regulations are dampening growth of banks’ mortgage servicing business, allowing nonbank entities to swoop in and become major sources of mortgage servicing rights funding, said John Britti, an executive vice president at Ocwen Financial Corp....
The foreclosure crisis impacted the lives of 8 million American children, and has left them and their parents at increased risk of homelessness and poverty, the Brookings Institution said.
Brookings scholar Julia Isaacs said 2.3 million children lost homes during the...
The foreclosure crisis impacted the lives of 8 million American children, and has left them and their parents at increased risk of homelessness and poverty, the Brookings Institution said.
Brookings scholar Julia Isaacs said 2.3 million children lost homes during the...