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Foreclosure investors rigged Palm Beach County auctions

Thu, 11/09/2017 - 09:02
Three real estate investors illegally pushed down prices in Palm Beach County, Fla., foreclosure auctions, federal prosecutors say.

Ben Carson is wrong. Law used to fight FHA fraud is essential

Thu, 11/09/2017 - 09:02
The HUD secretary’s comment that such use of the False Claims Act was “ridiculous” may delight the mortgage industry but does not bode well for taxpayers or the federal government’s future fraud enforcement efforts.

As renters struggle with bills, landlords and speculators cash in

Thu, 11/09/2017 - 09:02
Renita Barbee has begun packing up the belongings in her rented South Los Angeles home. She was trying hard to hold her composure as she told her story the other day.

Cheat sheet: Powell's key banking positions

Wed, 11/08/2017 - 14:36
During his time as Fed governor, chair-designate Jerome Powell has outlined his views on a host of bank regulatory matters, including the need for regulatory relief, the push for housing finance reform, blockchain and much more.

Austin-area housing starts surge in third quarter

Wed, 11/08/2017 - 14:36
Central Texas new-home construction surged to an 11-year high in the third quarter, the latest numbers show.

Mid America goes NASCAR racing for new Click n' Close digital mortgage

Wed, 11/08/2017 - 11:31
Mid America Mortgage will sponsor the Richard Petty Motorsports No. 43 NASCAR team to promote the speed of Click n' Close, its new digital mortgage rival to Quicken Loans' Rocket Mortgage.

Why the biggest private mortgage insurer is turning to the capital markets

Wed, 11/08/2017 - 11:31
James Bennison, head of alternative capital markets at Arch Capital Group, says that a new insurance-linked security helps with regulatory capital requirements and provides information that can help the company to better manage risk.

Pricey home markets from Greenwich to L.A. may take tax hit

Wed, 11/08/2017 - 11:31
Pricey U.S. housing markets, from the New York suburbs to California's coastal cities, could take a direct hit under the tax-reform bill released by House Republicans.

Will Yellen stay on at Fed as board member?

Wed, 11/08/2017 - 11:31
Many industry observers believe Federal Reserve Board Janet Yellen will retire from the central bank once her term as chair expires in February. But there are reasons she might stay.

7 things we learned at MBA Annual

Wed, 11/08/2017 - 11:31
From Secretary Carson easing lending concerns to Fannie Mae announcing its expansion of Day 1 Certainty, here's a look at seven things we learned at the 2017 MBA Annual.

Trump team targets special 'QM' status for GSEs

Wed, 11/08/2017 - 08:28
Growth in loans with higher debt-to-income ratios is reviving focus on a regulatory exemption for Fannie Mae, Freddie Mac and other federal agencies that back mortgages.

GOP tax plan may not be so bad for housing after all, analysts claim

Wed, 11/08/2017 - 08:28
A House Republican tax proposal that infuriated housing groups and sent homebuilder stocks sliding would only have a modest impact on the market for new homes and could end up being a net positive for the industry, according to Keefe, Bruyette & Woods analysts.

FHFA’s g-fee calculation ignores the law

Wed, 11/08/2017 - 08:28
The Federal Housing Finance Agency must set fees equal to the cost of capital that private banks hold against similar risk, not just the amount of capital that Fannie and Freddie think are right for themselves.

Nonbank mortgage employment plunges after hurricanes

Tue, 11/07/2017 - 17:13
Nonbank mortgage employment took its biggest drop since January following the recent hurricanes, according to the Bureau of Labor Statistics.

Lone Star Brewery to be auctioned at foreclosure sale

Tue, 11/07/2017 - 14:06
The Lone Star Brewery in San Antonio was supposed to be buzzing with construction workers and equipment by now — after sitting vacant for decades.

Mortgage insurance drives Genworth's 3Q profitability

Tue, 11/07/2017 - 11:04
Genworth Financial had net income of $107 million because of its U.S. mortgage insurance business, but it is considering a partial sale of the unit if the parent company isn't acquired by next May.

People on the move: Nov. 3

Tue, 11/07/2017 - 11:04
Mortgage industry hiring and new job appointments for the week ending Nov. 3.

Denver home inventory takes a scary dip in October

Tue, 11/07/2017 - 11:04
Denver's housing market continued to struggle with a frighteningly low number of homes and condos available for sale in October, which helped push up prices and cut into the pace of sales.

Seattle marks a full year as hottest housing market

Tue, 11/07/2017 - 08:00
Seattle is now a full year into its reign as the hottest housing market in the country, an unusually long surge that doesn't look likely to end anytime soon.

Big unknown for banks: Will tax plan boost growth enough?

Tue, 11/07/2017 - 08:00
Top banking executives called the Republican tax plan an important first step toward tax reform and economic stimulus, but questions immediately arose about whether trade-offs and complexities in the bill would undercut it.