The 'Widespread Contagion' Of Foreclosure Is Now Contained

RealtyTrac says in its midyear report that foreclosure activity has dwindled back down to historic levels and that it is on track to continue the pace.

New Housing Finance Reform Bill Introduced In Congress

Three congressmen are taking a new crack at balancing public and private involvement in housing finance.

Julian Castro Confirmed As HUD Secretary

The 39-year-old, third-term mayor of San Antonio will replace current HUD Secretary Shaun Donovan, who will next lead the White House Office of Management and Budget.

'Middle Ground' GSE Reform Proposal Would Keep Fannie, Freddie Alive

Proposal provides an explicit government guarantee "but taxpayer money will be protected through adequate private-sector capital and accurate pricing of government reinsurance."

Could Supreme Court Decision Lead To Revocation Of CFPB Rules?

"The Supreme Court decision on the Cordray recess appointment casts doubt that actions taken by the CFPB, via its first and only director, are valid..." said Michelle Garcia Gilbert, managing partner with Tampa, Fla.-based Gilbert Garcia Group.

Rumors are swirling that online real estate listing service Zillow Inc. is seeking to acquire rival Trulia Inc. Zillow could pay as much as $2 billion to buy Trulia [Read More]

PERSON OF THE WEEK: Ed Fay is founder and CEO of Fay Servicing, a special servicer and mortgage originator founded in the midst of the housing crisis in early [Read More]

From The Orb

The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission and 15 states have brought action against three different foreclosure relief firms for engaging in deceptive marketing practices and [Read More]

BLOG VIEW: There's good and bad news for lenders when it comes to real estate owned (REO) deed fraud as we head into the third quarter. CoreLogic's Sam Khater [Read More]

BLOG VIEW: It's rare that a week goes by that I don't read a headline about a big bank being fined billions of dollars for its alleged selling of [Read More]

BLOG VIEW: Today's mortgage market environment seems to be mimicking the weather in much of the U.S. recently: As we enter the summer doldrums, originations have stalled. The competition [Read More]

Multinational insurer American International Group Inc. (AIG) has finally reached a $650 million global resolution of its residential mortgage-related disputes with Bank of America. The resolution includes its claims [Read More]

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