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The Department of Housing and Urban Development is telling lenders that down payment assistance programs still qualify for FHA backing despite concerns raised last year by HUD's inspector general.
May 25 -
Wells Fargo & Co. agreed to pay a $70 million penalty in ending the bank's five-year fight to settle legal claims over foreclosure missteps after the 2008 credit crisis.
May 25 -
FHFA Director Mel Watt also reiterated concerns regarding insurance companies and large bank members, saying that some Home Loan Banks have large exposures to a few individual members.
May 24 -
The due-diligence firms that vet loans before securitization are erring on the side of caution when assessing the risk to investors of liability from the new consumer mortgage disclosure rules.
May 24 -
As drilling has slowed, energy firms have had to lay off workers, many of whom are falling behind on their bills compounding the troubles of banks already dealing with higher commercial loan delinquencies in the same markets.
May 24 -
WASHINGTON The House passed a bill by a voice vote Monday that will make it easier for mortgage originators to take a new job across state lines or move from a federally regulated bank to a nonbank lending shop.
May 23 -
Home sales growth has been tepid nationwide thanks largely to a cooling down of the housing market in the West, according to an analysis from Summit Valuations.
May 23 -
The secondary marketing agency wants to model how servicers' available cash might stand up to shocks because interruptions to that liquidity have been a common problem among those that failed.
May 22 -
Huntington Bancshares in Columbus, Ohio, is significantly raising the ante in philanthropic and community development investments connected to its planned acquisition of FirstMerit.
May 20 -
InSellerate, a startup sales automation software company focused on the mortgage industry, has received financial backing from Sekits Capital.
May 20