Headlines and Blogs from Around the Web
A federal judge on Wednesday said banks faced an uphill battle in convincing her to dismiss a U.S. regulator's claims that they misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour.
Nearly 50 community banks are asking the Consumer Financial Protection Bureau (CFPB) to revise lending rules for higher-priced loans, charging that current exceptions in the rules for small creditors are not broad enough and negatively impact those wanting to grow their mortgage business.
Wells Fargo & Company (WFC) announced another round of work-force trimming last week, this time in the mortgage servicing segment of its Homewood facility located in the Birmingham area.
The national housing activist group Right to the City Alliance has released a report that claims the $20 billion that private equity firms have spent to acquire REO-to-rental and single-family rentals since 2012 has created a “faceless” landlord-tenant dynamic in communities hit hardest by the housing collapse.
It’s not one of the multibillion-dollar settlements or multimillion-dollar jury awards designed to spur reform of such allegedly abusive mortgage-servicing practices as falsified court documents, improper fees and other misconduct.
The pace of existing home sales reached a nine month highin June, topping 5 million units for the first time since last October while there were reports of continued but moderating home prices from both the Federal Housing Finance Agency (FHFA) and the National Association of Realtors (NAR).
In one of the first cases of its kind in Ohio, a Youngstown-area woman is suing JPMorgan Chase for allegedly violating a new law aimed at protecting home owners.
A California man has been awarded nearly $16 million after a mortgage modification battle with PHH Mortgage Corp., a subsidiary of PHH Corp.
For healthy and financially stable adults, reverse mortgages can be an effective retirement planning tool, writes syndicated columnist Scott Burns.
After posting a loss of $78.9 million in the first quarter of 2014, Michigan's largest community bank, Flagstar Bancorp (FBC), reversed course in the second quarter and posted a net income of $25.5 million, or $0.33 per diluted share.
In recent years, banks have agreed to spend billions of dollars to help struggling homeowners as part of settlements with the government related to the lenders' alleged misconduct during the housing crisis.
Some things are meant to be a little sweet and a little bitter. They’re just better that way. Semi-sweet chocolate and sweet and sour sauce, just to name a few are some of the finest flavors known to man. Unfortunately, the mixture of bitter and sweet doesn’t always work. Take the economy for instance.
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.