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Updated: 2 hours 42 min ago

The FDIC vs. PwC: Scapegoating the auditors is the wrong move

Wed, 01/10/2018 - 10:52
Auditing firms cannot be expected to root out evil, or to conduct full forensic investigations.

GOP senator wants probe into vetting of CFPB deputy

Wed, 01/10/2018 - 07:47
Sen. Ron Johnson, R-Wis., has called for an investigation into how CFPB Deputy Director Leandra English was approved for a permanent civil service job at the agency.

N.H. shopping plazas up for sale at foreclosure auctions

Wed, 01/10/2018 - 07:47
Two major shopping centers in Keene, N.H., are scheduled for sale at foreclosure auctions in January, according to ads taken out by an auction company.

MountainView brokering $3.5B in Fannie and Freddie MSRs

Wed, 01/10/2018 - 07:47
MountainView is brokering a nonrecourse $3.5 billion package of Fannie Mae and Freddie Mac mortgage servicing rights on behalf of an unnamed seller.

Drop in nonbank mortgage jobs may signal market shift back to banks

Tue, 01/09/2018 - 10:23
Refinance volume fueled recent market gains by nonbank mortgage originators. But lower volume amid the shift to purchase lending has nonbanks trimming headcounts and may position banks to recapture market share.

Home prices jump in San Antonio

Tue, 01/09/2018 - 10:23
Home prices are rising much faster than incomes in San Antonio and around the U.S. — but a prominent national economist said he's confident we aren't heading into another housing bubble.

People on the move: Jan. 5

Tue, 01/09/2018 - 10:23
Mortgage industry hiring and new job appointments for the week ending Jan. 5.

LoanDepot's new joint venture to originate loans for AV Homes

Tue, 01/09/2018 - 10:23
Technology-focused mortgage lender loanDepot has created another joint venture with a homebuilder, this time with AV Homes.

Don’t let a credit union regulator run the CFPB

Tue, 01/09/2018 - 07:20
The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.

California considers major housing bills in 2018

Tue, 01/09/2018 - 07:20
The state's housing crisis is back on the agenda as California lawmakers return to work after a months-long recess.

Manhattan home resales drop as tax overhaul sidelines buyers

Mon, 01/08/2018 - 16:07
Manhattan home resales fell in the fourth quarter as buyers wavered ahead of the expected tax overhaul and stood firm in their refusal to overpay.

Freddie debuts another front-end risk transfer product

Mon, 01/08/2018 - 16:07
A group of reinsurers has committed to provide up to $650 million of coverage for credit risk on some $21 billion of 30-year, fixed-rate loans that the government-sponsored agency will acquire over the next two years.

For housing market, tax reform is a wrench in the works

Mon, 01/08/2018 - 16:07
The recently enacted tax reform bill is likely to encourage more consumers to rent instead of buy and tamp down the rapid rise in home prices.

New Atlanta mayor promises $1B affordable housing program

Mon, 01/08/2018 - 13:04
Mayor Keisha Bottoms said housing affordability, transparency, public safety, education, and transportation are priorities.

Toronto home prices fall for seventh month as lending tightens

Mon, 01/08/2018 - 13:04
Toronto's housing market continues to cool as prices fell last month and the supply of homes for sale spiked ahead of new stress-test rules that went into effect this week.

Millennials pay less for homes in Dayton

Mon, 01/08/2018 - 10:01
Millennials who want affordable home prices in an urban market may want to check out the Gem City.

Genworth working on data protection plan to get merger approval

Mon, 01/08/2018 - 10:01
Genworth Financial's acquisition by a Chinese insurance company, which has already been delayed several times, might be in peril following the failure of another cross-border merger to gain approval.

Mortgage rates drop to start the new year

Mon, 01/08/2018 - 10:01
Mortgage rates dropped to start the year as the markets had little new news to react on during the holiday period.

Trump administration must back CFPB action against PHH, top Democrat says

Mon, 01/08/2018 - 10:01
Sen. Sherrod Brown called on the Trump administration to support the Consumer Financial Protection Bureau's enforcement action against PHH Corp., which agreed to a $45 million settlement this week related to foreclosure abuses.

Tampa Bay's priciest foreclosure is as twisted as its boardwalk

Mon, 01/08/2018 - 10:01
Behind a tall iron fence lies one of the most unusual gated communities in Tampa Bay. And within that lies the most expensive and unusual bank-owned house for sale between Crystal River and Sarasota.