Headlines and Blogs from Around the Web
If you own a home in San Francisco, or one day would like to try, you soon might have more to worry about than skyrocketing housing prices.
For the third time, the U.S. Supreme Court has assented to hear a case that could overturn the Obama administration’s heavy-handed use of a theory that says even if there’s no evidence of discrimination in housing, unequal outcomes prove there’s discrimination.
The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group Inc. (AIG) in September 2008 without drawing up documents that would cement the government’s control of the giant insurer, the bank’s lawyer testified.
Bank of America is better positioned for long-term earnings growth than many of its peers due to its strong core deposit base, a report said.
Massachusetts reverse mortgage lenders and counseling agencies are continuing to rally support an en effort ensure a face-to-face counseling mandate does not take effect for all prospective reverse mortgage borrowers.
.P. Morgan Chase & Co. said about 76 million households were affected by a cybersecurity attack on the bank this summer in one of the most sweeping disclosed breaches of a financial institution.
Reality finally caught up with Teresa and Giuseppe "Joe" Giudice, stars of the Bravo reality series "Real Housewives of New Jersey," who were sentenced Thursday to 41-month and 15-month federal prison terms, respectively, for their roles in a mortgage fraud and bankruptcy scheme.
Imagine Reserve Bank Governor Raghuram Rajan being turned down for a home loan once he retires. Yet, that is exactly what happened to former Federal Reserve Chairman Ben Bernanke, who was till February 2014, the most powerful central banker in the world.
After a speech to bankers in Raleigh, North Carolina last month, Melvin L. Watt, chief regulator of Fannie Mae and Freddie Mac (FMCC), called on a man in the back of the hotel ballroom.
The Federal Housing Administration (FHA) is continuing to make strides toward developing a comprehensive forward mortgage policy handbook as the agency recently completed the first section of the handbook and launched a corresponding web page.
J.P. Morgan Chase & Co. is about one-fifth of the way finished with doling out the $4 billion in consumer aid that was required as part of its mortgage-securities settlement with the Justice Department last year, according to a new report the bank submitted to an independent monitor.
Total construction spending in the U.S. in August was estimated by the Census Bureau today to be at the seasonally adjusted annual rate of $961.0 billion, down 0.8 percent from spending in July and 5.0 percent higher than the $915.3 in construction outlays in August 2013.
Bank of America Corp.'s board voted to make Brian Moynihan chairman as well as chief executive, capping a comeback for a banker who survived the regulatory scrutiny and huge losses that followed the financial crisis.
Another title insurance company has become ensnared in the Consumer Financial Protection Bureau's (CFPB) regulatory dragnet.
Wells Fargo Bank and Citigroup's mortgage unit must face claims that they violated federal law by falsely notifying credit reporting agencies that thousands of homeowners went through bankruptcies or foreclosures, a federal judge has ruled.
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.