MBA Talks Up Role As Champion Of The Consumer
Industry professionals attending the Mortgage Bankers Association's (MBA) National Secondary Marketing Conference in New York City yesterday could be excused if they believed...
Ally Financial Mortgage Unit ‘On The Verge’ Of Bankruptcy
Residential Capital (ResCap), the mortgage servicing and lending division of Ally Financial, is 'on the verge of being put into bankruptcy,' according to...
Fannie Mae Survey: ‘Rising Optimism For The Housing Market’
According to the results of Fannie Mae's April 2012 National Housing Survey, Americans' attitudes about homeownership, the economy and personal finances 'continue to...
Many Housing Markets Still Showing Signs Of Improvement
According to the latest National Association of Home Builders/First American Improving Markets Index (IMI), the number of major housing markets that are showing...
Fed Report: The 2008 Crash Was Not Caused By ‘Industry Insiders’
A new paper published by the Federal Reserve Bank of Boston is openly challenging the argument that the 2008 economic crash was fueled...
PHH Mortgage Taking On HSBC’s Subservicing Biz, Origination Processing
PHH Mortgage Corp. has entered into a strategic relationship to provide private-label mortgage origination services and loan servicing to HSBC Bank USA NA....
Impac Revs Up Correspondent Lending Division
Impac Mortgage has established a residential correspondent lending business unit that will purchase conventional loans in 49 states and government loans in 43...
April Scorecard Points To Modest Improvements In Housing, Mortgage Markets
The U.S. Department of Housing and Urban Development (HUD) and U.S. Department of the Treasury have released the nation's April 2012 Housing Scorecard,...
Mortgage Builder Suite Now Integrates With InHouse Connexions
Loan origination software provider Mortgage Builder has completed a technology integration with InHouse Inc., which offers the Connexions appraisal management platform. Mortgage Builder...
House GOP: Cordray ‘Wholly Unresponsive’ On CFPB Budget Questions
The Republican leadership of the House Financial Services Committee has sent a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray requesting...
D+H Acquires Avista Solutions
Toronto-based Davis + Henderson Corp. (D+H) has acquired Avista Solutions Inc., a Charleston, S.C.-based provider of software as a service (SaaS) mortgage loan...
Community Groups Report Findings On Housing Discrimination
Community-based organizations (CBOs) dealing with immigrants, families with children, the disabled and other underserved consumers are reporting that housing discrimination remains a widespread...
Freddie Mac To Treasury: $19 Million More, Please
Freddie Mac ended the first quarter of this year with a request for $19 million from the U.S. Department of the Treasury. According...
Fixed-Rate Mortgage Averages Hit All-Time Low
Fixed-rate mortgages (FRMs) have hit a new all-time low, according to data released by Freddie Mac. The government-sponsored enterprise reports that the 30-year...
HUD Awards $56 Million In Tribal Grants
The U.S. Department of Housing and Urban Development (HUD) has awarded more than $56 million to 76 tribal communities for projects designed to...
Las Vegas Home Sales Up In March
Las Vegas-area home sales rose to the highest level for a March in six years amid a record level of absentee purchases, the...
Zillow Pays $40 Million In Cash For RentJuice
Seattle-based Zillow Inc. has entered into a definitive agreement to acquire RentJuice Corp., a San Francisco-based company, for $40 million in cash. RentJuice...
Quicken Loans To Hire 100 For Cleveland Operation
Quicken Loans Inc. has announced that it plans to hire 100 new mortgage banking team members in its downtown Cleveland Web Center. These...
NAR Awards $60,000 In Housing Opportunity Grants
The National Association of Realtors (NAR) has awarded more than $60,000 in grants to 19 state and local Realtor associations through its Housing...
New Report: 17% Of U.S. Housing Are Green Homes
Green homes made up 17% of the U.S. residential construction market, equating to $17 billion, according to a new report from McGraw-Hill Construction....