Mortage News

Mortgage Applications Up, Valuation Questions Remain
Interest in home loans continued to grow, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 10.   The Market Composite Index was up by 3.1 percent on a seasonally adjusted basis... Read more
A law firm representing a group of worker pension funds is stating that it has reached a $165 million settlement with four lenders relating to problem with a 2006 mortgage-backed securities (MBS) investment
Settlement Reportedly Reached in Nine-Year-Old MBS Lawsuit
A law firm representing a group of worker pension funds is stating that it has reached a $165 million settlement with four lenders relating to problem with a 2006 mortgage-backed securities (MBS) investment.   In its statement, Cohen... Read more
ATTOM Data Solutions and Clear Capital have that nationwide Multiple Listing Service (MLS) analytics powered by Clear Capital will now be available for licensing to ATTOM Data Solutions clients
ATTOM to Offer Clear Capital’s MLS Analytics
ATTOM Data Solutions and Clear Capital have that nationwide Multiple Listing Service (MLS) analytics powered by Clear Capital will now be available for licensing to ATTOM Data Solutions clients.   According to the companies, the MLS... Read more
The Federal Deposit Insurance Corporation (FDIC) was the source of 10 of the 16 major information security incidents that occurred within the federal government during Fiscal Year 2016
Most Federal Agency Cyber Attacks Occur at the FDIC
The Federal Deposit Insurance Corporation (FDIC) was the source of 10 of the 16 major information security incidents that occurred within the federal government during Fiscal Year 2016.   According to an article published by the trade... Read more
Mortgage applications for new home purchases increased from January to February by 16 percent, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). On a year-over-year measurement, applications were up 2.2 percent
Mortgage Applications for New Home Purchases Up 16 Percent
Mortgage applications for new home purchases increased from January to February by 16 percent, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). On a year-over-year measurement, applications were up 2.2... Read more
The Federal Reserve Bank of Atlanta has named Raphael W. Bostic as its 15th president and CEO, effective June 5. Bostic, age 50, succeeds Dennis Lockhart
First African-American Named as Fed Bank Chief
The Federal Reserve Bank of Atlanta has named Raphael W. Bostic as its 15th president and CEO, effective June 5. Bostic, age 50, succeeds Dennis Lockhart, who retired on Feb. 28 and will become the first African-American to head a Federal... Read more
The U.S. Department of Housing and Urban Development (HUD) has reached a settlement with Rockford, Ill.-based Alpine Bank & Trust
Illinois Lender Settles Discrimination Charges
The U.S. Department of Housing and Urban Development (HUD) has reached a settlement with Rockford, Ill.-based Alpine Bank & Trust regarding charges of discrimination against African-American and Hispanic mortgage applicants.   The... Read more
New York Gov. Andrew Cuomo, who served as Secretary of Housing and Urban Development under President Bill Clinton, has hired two Florida fundraisers in what might be the groundwork for the 2020 Democratic Party presidential nomination
Ex-HUD Chief Reportedly Aiming at 2020 Bid
New York Gov. Andrew Cuomo, who served as Secretary of Housing and Urban Development under President Bill Clinton, has hired two Florida fundraisers in what might be the groundwork for the 2020 Democratic Party presidential nomination.  ... Read more
The Council of Residential Specialists (CRS), a not-for-profit affiliate of the National Association of Realtors, has launched an online consumer resource called “For Buyers and Sellers.
New Online Resource Offers Information on Property Transactions
The Council of Residential Specialists (CRS), a not-for-profit affiliate of the National Association of Realtors, has launched an online consumer resource called “For Buyers and Sellers.”   Located at CRS.com, the new resource offers... Read more
This weekend’s surprise developments regarding U.S. Attorney Preet Bharara took a strange turn when Bharara insinuated why he was fired by President Donald Trump
Bharara Offers Vague Hint About Weekend Firing
This weekend’s surprise developments regarding U.S. Attorney Preet Bharara took a strange turn when Bharara insinuated why he was fired by President Donald Trump.   On Friday, Attorney General Jeff Sessions instructed the remaining 46 U.S... Read more