Headlines and Blogs from Around the Web
An internal federal probe has concluded that Maurice Jones, Virginia Gov. Terry McAuliffe’s new commerce secretary, improperly lobbied Congress while he was in the Obama administration last year.
JPMorgan, Chase & Co., one of the Philadelphia region's biggest financial employers with more than 7,500 local employees in and around Wilmington, plans a bank operations center at AstraZeneca's partly vacant U.S. headquarters complex near the US 202 (Concord Pike) exit off I-95, later this year.
On its conference call with investors, and in its earnings,Ocwen Financial (OCN) sought to limit concerns about the many issues the mega mortgage servicer is facing. For one, it missed consensus on fourth-quarter earnings.
Just as Jane Fraser was named CEO of CitiMortgage nine months ago, the mortgage industry was undergoing a seismic shift as refinancing activity began its free fall.
A tax plan from House Ways and Means Committee Chairman Dave Camp would further limit the mortgage-interest break and end the deduction for state and local taxes, according to a nonpartisan congressional summary.
Binyamin Appelbaum brings us the story of Bruce Marks, the man who wants to bring subprime mortgage lending back.* He leads a nonprofit called the Neighborhood Assistance Corporation of America that has $10 billion in funding from Bank of America to, well, you know make loans to people who can't make a down payment and can't withstand a credit check.
The mortgage market is quickly drying up and lender competition is heightening in order attract the remaining drops of business thus making lender relationships more important than ever.
Owning a home is still vastly less expensive than renting, netting Americans nearly 40% in savings among those who own their homes versus renting, according to online real estate hub Trulia.
A scarcity of nondistressed inventory in many markets in January helped bank-owned properties, short sales and foreclosure auctions account for nearly 1 in 5 existing-home sales in January, a new report from data aggregator RealtyTrac suggests.
Moves by regulators to slow the growth of some mortgage-servicing firms may have some benefits for the industry, but could entice the firms to take on more risk, according to Moody’s Investors Service.
The House Financial Services Committee (FSC) has released advanced information regarding an investigation conducted by the Office of Inspector General (OIG) of the Department of Housing and Urban Development (HUD).
The television ads for reverse mortgages feature amiable aging actors and even a former U.S. senator who tries to convince viewers with sincere pitches.
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.