Headlines and Blogs from Around the Web
New single-family mortgage-backed securities at Fannie Mae and Freddie Mac declined the first quarter of 2014 to a 14-year low of $129.2 billion, according to trade publication Inside Mortgage Finance.
In a recent blog post written by Molly Boesel CoreLogic questions the true role of the recent severe weather in a lag in single family housing starts.
Most banks believe new mortgage regulations will reduce credit availability and restrict lending, according to the American Bankers Association’s latest Real Estate Lending Survey.
In mid-March, the monitor for the National Mortgage Settlement announced that participating banks had completed terms of the agreement affecting 49 states. Bank of America, Citigroup, JP Morgan Chase and Wells Fargo collectively provided more than $20 billion in borrower relief to more than 600,000 troubled homeowners.
The Federal Housing Finance Agency (FHFA) sure does seem to be making a lot of money from settlements lately.
Citigroup has agreed to pay $1.13 billion to settle claims by investors seeking that the lender buy back billions in residential mortgage-backed securities.
An analysis of loan data found that minorities are more likely to be turned down for a mortgage or refinancing in the Twin Cities.
A lawsuit has been unsealed accusing OneWest Bank FSB, a lender once known as IndyMac Bancorp Inc, of causing the U.S. government to improperly pay out $206 million under a federal program to help struggling homeowners avoid foreclosure.
Even after a Denver judge ruled in early March that mortgage review firm Allonhill had committed fraud, company founderSue Allon remained adamant that she would bring integrity back to the mortgage industry.
About 95% of rate reduction modifications are still facing resets - with many of those resets starting this fall, according to Black Knight Financial Services' Mortgage Monitor report for February.
The Consumer Financial Protection Bureau has plenty of room for improvement when it comes to the efficiency and effectiveness of its supervisory activities, says the Federal Reserve’s Office of the Inspector General in a new evaluation report.
Citigroup Inc said it would pay $1.12 billion in cash to settle legacy securities and other claims and incur a related charge of $100 million in the first quarter.
A trial attorney from the Securities and Exchange Commission said his bosses were too “tentative and fearful” to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator’s outside critics.
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.