Senate approves short sale tax break

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse
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Items Tagged with 'mortgage lending'

ARTICLES

Countrywide whistleblower will receive $57 million

Edward O’Donnell to get part of record Bank of America settlement
Ben Lane
The whistleblower at the center of the so-called "Hustle" case against Bank of America over Countrywide mortgage loans will also receive a hefty payout for his participation in the record $16.65 billion settlement between BofA and the U.S. Department of Justice to resolve claims over toxic mortgage-backed securities on residential mortgage loans sold to Fannie Mae and Freddie Mac.
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5 predictions for NYC real estate in 2015

Condo sales, capital markers, construction costs and more
Trey Garrison
The Big Apple's real estate market faces some serious challenges and opportunities in 2015. Here's what one insider has to say.
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Bank of America, U.S. Bancorp face another MBS suit

NCUA files lawsuit against two large banks
Brena Swanson
Some of the country's biggest banks are facing another mortgage-related lawsuit. This time the National Credit Union Administration Board is filing the suit, claiming that both Bank of America and U.S. Bancorp failed to review mortgage loan files for irregularities.
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Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"
Trey Garrison
The Terrorism Risk Insurance Act is critical to the housing industry, and despite passing the House on a bipartisan vote, the Senate failed to reauthorize it before recessing. Here's what the industry has to say.
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Bipartisan Policy Center offers blueprint to reinvent housing policy

Study calls for a dynamic new approach
Trey Garrison
The Bipartisan Policy Center is always looking for new solutions and ideas for policymakers, and its prescription for housing policy is no exception. Here's a look.
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Lenders fear weakening mortgage demand in 2015

Forecast calls for modest housing expansion
Trey Garrison
The outlook for 2015 is generally good, but lenders are worried that demand for mortgages is going to slow. Here's why, and why they may be right to worry.
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Oppenheimer raises Ellie Mae’s price target

Sees 3 important growth factors
Brena Swanson
One investment company believes Ellie Mae will benefit from three key factors that will help boost its stock.
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Mortgage applications fall 3.3.% for week despite continued low rates

Third week of declines comes amid global economic unrest
Trey Garrison
For the third week in a row, mortgage application activity dropped, despite the drop in already low interest rates.
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Zillow: Number of underwater homeowners sliced in half

8.7 million homeowners still in negative equity
Brena Swanson
More Americans are coming out of negative equity, with the number tumbling by more than 40% since 2012. However, this doesn’t guarantee a rosy forecast for underwater homeowners.
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MERS wins in Rhode Island again

Rhode Island Supreme Court upholds MERS’ authority to assign mortgages
Ben Lane
MERSCORP has prevailed in another case brought by an aggrieved homeowner who claimed that MERS lacked the authority to assign a mortgage. It's the latest in a string of legal victories for MERS.
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