Mr. Frank goes back to Washington

Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?

Monday Morning Cup of Coffee: Former CFPB head eyes White House?

The bubble’s last days; New HUD rule the “Common Core” of housing
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Items Tagged with 'Mortgage'

ARTICLES

Real Estate Strategies launches low balance mortgage solution

Closes sale of more than 1,300 mortgage notes
July 21, 2014
Real Estate Strategies, a brokerage firm, closed the sale of more than 1,300 mortgage notes with an average un-paid balance of $75,000, with a new solution that is designed to address lower balance mortgages.
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Alan Doran joins OneTitle as executive vice president

Will lead underwriting, legal and regulatory affairs
July 21, 2014
At OneTitle, Doran will oversee all underwriting, legal, fraud prevention and regulatory affairs for OneTitle and will help drive the company’s continued expansion and success.
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Homeowner awarded million-dollar mortgage settlement

Will homeowner ever receive a dime?
July 21, 2014
What's unusual is the sheer size of the settlement, which PHH Mortgage Services is fighting and other lawyers say is excessive. Lawyers for Philip Linza said the award included $514,000 in compensatory damages and $15.7 million in punitive damages.
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BB&T profits fall on weak mortgages

CEO blames underwriting costs
July 21, 2014
It's been a bad quarter for the bank. According to MarketWatch, the Winston-Salem, N.C.-based bank's profit fell to $425 million from $547 million a year earlier. On a per-share basis, the bank earned $0.58 compared with $0.77 a year earlier.
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Where is Ellie Mae moving?

Second-quarter earnings coming soon
July 21, 2014
After experiencing a temporary service outage of its origination system back in March, Ellie Mae is posting strong improvements and actually moving into a new headquarters to accommodate its growing workforce.
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KBW, FBR relatively bullish on mortgage originations

Expectations down from start of 2014 but optimistic on 2Q bounce
July 21, 2014
Despite a rough start to 2014, two major research and analysis firms are bullish on mortgage banking despite diminished expectations for overall volumes in 2014.
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JPMorgan’s Dimon threatens to quit FHA loans

Rules on penalties need to be clearer, CEO says
July 21, 2014
JPMorgan Chase’s CEO says his bank is considering getting out of the FHA mortgage origination business altogether.
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Legacy mortgage matters dent SunTrust 2Q14 earnings

Net income hits $387M
July 21, 2014
SunTrust earnings were dented by the sale of RidgeWorth and resolution of certain legacy mortgage matters, which negatively impacted net income in the current quarter by $49 million, or $0.09 per share.
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Wells Fargo: Chicago home loan bank seeks Ginnie Mae alliance

Redwood Trust also plans joint venture
July 18, 2014
"Details are not known yet; however, based on news reports, this program could result in additional GNMA residential mortgage backed securities supply," said a research report from Wells Fargo.
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NAR: Big banks exiting FHA loans is a "bad trend"

JPMorgan Chase debates stopping FHA-backed loans
July 18, 2014
Just as the Federal Housing Administration is celebrating its 80th anniversary, big banks are debating ending their lending relationships with the administration.
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