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General Electric has agreed to a $1.5 billion settlement to resolve federal claims involving the alleged misrepresentation of sub-prime loans originated by its former sub-prime mortgage subsidiary WMC Mortgage
A former mortgage executive who pleaded guilty to bank fraud eight years ago was sentenced this week to three years in prison. Michael Ashley pleaded guilty in 2011 to committing bank fraud while in...Read more
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President Trump ratcheted up his campaign to get the Federal Reserve to cut rates. The President...Read more
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The Trump Administration is planning to release its plan to end the federal conservatorship of the...Read more
The Appraisal Institute has called for congressional oversight in response to the National Credit Union Administration’s (NCUA) decision to increase the threshold on appraisals for non-residential real estate loans from $250,000 to $1 million
The Appraisal Institute has called for congressional oversight in response to the National Credit...Read more
The U.S. Department of Housing & Urban Development (HUD) has charged Plano, Texas landlords Quang Dangtran and his wife, Ha Nguyen, with violating the Fair Housing Act by refusing to lease a room to a prospective tenant because she is African-American
The U.S. Department of Housing & Urban Development (HUD) has charged Plano, Texas landlords...Read more
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The U.S. Securities and Exchange Commission (SEC) has called on market participants to “proactively...Read more
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Clayton Morris, a former co-host of the “Fox & Friends” morning television talk show, has...Read more
The Mortgage Bankers Association (MBA) has published a primer that addresses potential transition issues ahead of the potential 2021 ending of the London Interbank Offered Rate (LIBOR)
A working group of economics and finance professionals have continued their advocacy of a new...Read more
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The question of what will happen in mortgage lending after the government-sponsored enterprise (GSE...Read more
The partisan rancor that has split Congress subsided temporarily to enable the passage of the Protecting Affordable Mortgages for Veterans Act of 2019
The partisan rancor that has split Congress subsided temporarily to enable the passage of the...Read more