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Updated: 16 min 49 sec ago

Credit Suisse relief plan could downsize RMBS settlement amount

Wed, 11/01/2017 - 10:21
Credit Suisse's plan for consumer relief in a multibillion-dollar Department of Justice settlement related to residential mortgage-backed securities could reduce the costs involved, according to the settlement monitor's first report.

Home prices hit new peak (again)

Wed, 11/01/2017 - 10:21
U.S. home prices hit another new peak in August after just reaching a new high the previous month, according to Black Knight.

Bay Area home sales show slowest September in three years

Wed, 11/01/2017 - 10:21
As Bay Area sales dwindled, in a reflection of the region's shrinking home supply, buyers continued to bid up the region's notoriously high prices.

Can blockchain be used to build a better credit bureau?

Wed, 11/01/2017 - 10:21
Calls for less reliance on credit bureaus and Social Security numbers for verification are leading many to envision a future of identity on a distributed ledger.

Florida bankruptcy court approves HLP's communication portal

Wed, 11/01/2017 - 10:21
The U.S. Bankruptcy Court for the Southern District of Florida has approved a portal created by HLP to enhance communications during the mediation process.

Many displaced Puerto Ricans could be moved to U.S. mainland

Wed, 11/01/2017 - 10:21
Officials at the Department of Housing and Urban Development have started to develop a plan to provide housing to some of Puerto Rico's displaced population.

Starter homes continue to boost Twin Cities market

Wed, 11/01/2017 - 07:18
A flurry of new townhouses and suburban starter homes is helping boost homebuilding in the Twin Cities metro.

Texas credit unions backing HELOC, prize-linked savings ballot provisions

Wed, 11/01/2017 - 07:18
One of the biggest challenges surrounding the ballot initiatives is voter turnout, which is often just 10 percent of registered voters in elections the year after a presidential contest.

Commercial, multifamily originations to reach record high in 2017

Wed, 11/01/2017 - 07:18
Commercial and multifamily originations are projected to surpass the 2007 market peak this year, according to the Mortgage Bankers Association.

Fannie taps N.H. law to test 30-year loans for manufactured housing

Tue, 10/31/2017 - 12:41
Fannie Mae is testing a conforming loan product that makes use of a New Hampshire law that lets manufactured housing in resident-owned communities get treated like units in a co-operative building.

Zombie foreclosures still haunt Southwest Florida

Tue, 10/31/2017 - 09:34
The zombies are still haunting the Southwest Florida housing market, but they are taking a smaller bite.

Canyon 2 wildfire bottles up home loans across Orange County

Tue, 10/31/2017 - 09:34
The Canyon 2 wildfire has been contained for more than a week, but aftereffects from the 9,200-acre conflagration still are rippling throughout Orange County, Calif.

Ellie Mae ekes out profit gains, despite drop in 3Q originations

Tue, 10/31/2017 - 09:34
Third-quarter net income at mortgage technology provider Ellie Mae was higher year-over-year but came in below the previous quarter's number as the company worked to produce gains despite falling originations.

DFW at minimal risk for home price shakeout

Tue, 10/31/2017 - 09:34
A major mortgage insurance company has lowered the threat level for Dallas-Fort Worth's housing market.

People on the move: Oct. 27

Tue, 10/31/2017 - 09:34
Mortgage industry hiring and new job appointments for the week ending Oct. 27.

Rising rents are pushing more tenants past the breaking point

Tue, 10/31/2017 - 06:30
Rents have increased rapidly across housing markets as the share of renting households has risen faster than the number of new units.

Barclays, U.S. are said to renew talks over toxic mortgages

Tue, 10/31/2017 - 06:30
Barclays and the Justice Department, engaged in a legal battle over the suspected fraudulent sale of mortgage securities a decade ago, have revived discussions about reaching an out-of-court settlement, according to people with knowledge of the situation.

Inside Cordray’s ill-fated gamble on CFPB arbitration rule

Tue, 10/31/2017 - 06:30
The stunning defeat of the Consumer Financial Protection Bureau's arbitration rule didn't have to happen, according to critics and former agency officials.

Legal settlement, origination decline reduce CoreLogic earnings

Mon, 10/30/2017 - 15:10
CoreLogic's net income dropped to $31 million in the third quarter from $36 million a year ago due to a settlement and an estimated 25% decline in origination units.

Warren fights uphill battle against Montgomery’s FHA nomination

Mon, 10/30/2017 - 15:10
Brian Montgomery appears headed for easy confirmation for another stint as commissioner of the Federal Housing Administration, despite objections by Sen. Elizabeth Warren that he is too close to the financial services industry.