Headlines and Blogs from Around the Web
Postal Savings Bank of China Co. is planning what would be the country’s first sale of mortgage-backed securities since 2007 as the government accelerates development of the securitization market.
The Federal Reserve Bank of New York released Monday the findings of its June 2014 Survey of Consumer Expectations (SCE), revealing a slight uptick in economic hopes among Americans as housing expectations remained flat.
The Federal Reserve is set to end its economic stimulus program in October, bringing to an end the controversial five-year-old scheme even as officials said there were signs that the US economy was still in trouble.
Citigroup officially announced a $7 billion dollar settlement with the U.S. Department of Justice, several state attorneys general, and the Federal Deposit Insurance Corporation to settle residential mortgage-backed securities and collateralized debt obligations after industry whispers that the bank was nearing a resolution
When the U.S. Consumer Financial Protection Bureau opened in 2011, the best available government office space large enough to accommodate its thousand-plus employees was a run-down concrete building on G Street near the White House that once housed the now-defunct Office of Thrift Supervision.
Commercial lending at local banks took the lead over personal lending in the first quarter when compared with the same period last year, with business loans at nine locally based banks growing 11 percent while individual loans decreased by the same amount.
MND's fourth part of its summary of the Harvard Joint Center on Housing Studies' State of the Nation's Housing published yesterday looked at the impact the Millennial Generation, those young adults born between the early 1980s and early 2000s are having on the housing market.
Double-digit gains in home sales, declining foreclosures and strong home equity growth in May are signaling a healthy housing recovery is underway, according to the June edition of the Obama Administration’s Housing Scorecard.
On Tuesday, JPMorgan Chase will release its quarterly report, and shareholders haven't been comfortable with the general direction of the banking giant's stock lately.
Five years after the Great Recession, fewer homeowners are falling behind on mortgages and losing their houses.
Citigroup was able to post a second-quarter profit even after announcing a $7 billion settlement with the U.S. Department of Justice, Federal Deposit Insurance Corp. and states attorneys general surrounding the bank's packaging of residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) written during the housing bubble of 2003 and 2008.
David Stevens, chief executive officer of the Mortgage Bankers Association, has spent his career lauding the merits of homeownership. One person still isn’t buying it: his daughter.
U.S. Attorney General Eric Holder has refused to meet with Bank of America chief executive Brian Moynihan as the two sides continue to dispute terms of a potential multibillion-dollar settlement involving troubled home loans, a person familiar with the matter said Wednesday.
Ocwen Financial (OCN) has seen its share price peak at over $60 per share late last year only for it to plummet by 50% over the subsequent several months. Despite its fantastic returns on invested capital, free cash flow growth, and strong competitive advantages, the share price was whacked after the New York Department of Financial Services blocked a sale of mortgage servicing rights (MSR) from Wells Fargo back in January.
Part 4 of the recent edition of the Harvard Joint Center on Housing Studies' report on the State of the Nation's Housing looks at the declining rate of homeownership in the U.S. which has now fallen for the seventh straight year.
A popular way for big U.S. banks to boost profits may have run its course.
President Obama is fueling the immigration crisis with a policy seemingly unrelated to the border: financial legislation.
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.