Ron Sims sworn in as new HUD Deputy Secretary

May 10, 2009

FDIC's Sheila Bair's statement on the regulation of big banksMortgagePress.comFDIC, U.S. Senate Committee, banks, conservatorship Statement of FDIC Chairman Sheila C. Bair on Regulating and Resolving Institutions Considered "Too Big To Fail" before the U.S. Senate Committee on Banking, Housing is available by clicking here.

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May 10, 2009

Analysis and Data

February Delinquency Rates Remain Historically Low

Most homeowners with a mortgage still able to make their payments on time in February, CoreLogic report shows.

CoreLogic’s latest Loan Performance Insights Report, released Thursday, shows the share of all U.S. mortgages in some stage of delinquency (30 days or more past due, including those in foreclosure) held at 2.8% in February, unchanged from January but a year-over-year decline...

Industry News

UWM, UMortgage Under Attack For Alleged Shell Scheme

A report released on April 25 by the hedge-funded media company alleges UWM set up a shell company, UMortgage.

Just weeks after allegations against United Wholesale Mortgage (UWM) were published in an exposé-style report and a class action lawsuit, Hunterbrook Media is once again putting the Michigan lender under the spotlight. On Thursday, the hedge-funded media company published...