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FHA Production Down Slightly, but Heavy Usage for Purchases

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Mortgage bankers originated $25.9 billion of FHA-backed mortgages in July, down nearly 2% from June, according to new figures released by the agency.

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What the Mortgage Settlement Means to Banks
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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover

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17th Annual Best Practices in Retail Financial Services Symposium
March 11-13, 2012
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