Former HUD Sec. Cisneros Slams Obama’s Housing Policies
President Obama's approach to the housing crisis has been 'the poorest part of the administration's response' to the economy, according to Henry Cisneros,...
NRMLA: $3.14T In Seniors’ Home Equity
Home equity among Americans aged 62 and over stood at $3.14 trillion as of the end of the second quarter, according to new...
NCUA Approves First Credit Union Charter Of 2011
The National Credit Union Administration's (NCUA) Office of Consumer Protection approved its first charter for a new credit union this year. The newly...
Senate Committee Approves Cordray Nomination
The Senate Banking Committee, in a 12-10 vote along party lines, has approved the nomination of former Ohio Attorney General Richard Cordray to...
Monetary Policy Not A Panacea, Bernanke Says
While insisting that the Federal Open Markets Committee would take further action, if necessary, to shore up the faltering economic recovery, Federal Reserve...
Countrywide Didn’t Comply With HUD Rules, Audit Finds
The U.S. Department of Housing and Urban Development (HUD) may pursue fraud charges based on new findings by the agency's watchdog that Countrywide...
Applications Decrease In Latest Survey
Historically low mortgage rates are doing little to entice potential borrowers, recent mortgage application volumes suggest. Applications fell 4.3% last week, despite the...
NAR’s Yun: Don’t Touch The MID
Now is the 'worst possible time' to discuss changes to the mortgage interest deduction (MID), according to National Association of Realtors (NAR) Chief...
Bank Of America Shutting Down Correspondent Unit
Bank of America Corp. is shutting down its correspondent mortgage unit at the end of the year. Bank of America spokesperson Terry Francisco,...
First Capital In New Partnership On Vacation Property Mortgages
First Capital Financial Services Corp., based in Las Vegas, has signed an agreement with New York-based Vacation Funding Partners LP to fund up...
German RMBS Investor Sues Chase, B Of A
Sealink Funding Ltd., a fund established by German bank Landesbank Sachsen, is suing Bank of America and JPMorgan Chase, claiming the banks misrepresented...
Low-End Demand, Extra Days Drive Phoenix-Area Sales Surge
Phoenix-area home sales experienced a major lift in August, rising to their highest level for an August in five years, DataQuick reports. The...
Maryland Bank Opts For State Charter
Baltimore County Savings Bank has converted from a federally chartered stock savings bank to a Maryland-chartered commercial bank, according to BCSB Bancorp Inc.,...
Texas Regulator Closes First International Bank
The Texas Department of Banking has closed Plano, Texas-based First International Bank. Houston-based American First National Bank has acquired the failed bank's assets...
Buy-Side Agents Praise CFPB Campaign, Make Suggestions
The National Association of Exclusive Buyer Agents (NAEBA), an organization of real estate professionals who only represent home buyers, is recommending that the...
Appraisers Think Green With 1004 Addendum
The Appraisal Institute has released a new form meant to assist appraisers in analyzing values of energy-efficient home features. The form is being...
Rick Perry Faults Bernanke On ‘Bad Public Policy’
Texas Gov. Rick Perry has stated that if he is elected president, one person will be guaranteed of becoming unemployed: Federal Reserve Chairman...
August Pending Home Sales Down 1.2%
Pending home sales slipped in August with a mixed regional performance but are higher than a year ago, according to the National Association...
Frank Lloyd Wright-Designed House Up For Sale In Milwaukee
Now here's something we don't see every day in the housing market: a Frank Lloyd Wright-designed residence is up for sale. The Associated...
Hells Angels Members Charged With Mixing Mortgage Fraud And Marijuana
Two San Francisco-area leaders of the Hells Angels motorcycle gang were indicted for their role in a plan that involved a $10 million...