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Ataris Bassist Michael Davenport Accused Of Running $27M Fraud Scheme

IEHI News feed - 41 min 21 sec ago
Ataris Bassist Michael Davenport Accused Of Running $27 Million Real Estate Fraud Scheme Using Craigslist

FHFA breaks silence on housing finance reform

National Mortgage News - 2 hours 32 min ago
FHFA Director Mel Watt said Fannie Mae and Freddie Mac should be reincorporated as private entities and the government must provide an explicit guarantee for catastrophic losses in the secondary mortgage market.

Reg relief may have to get in line behind other issues: Trump official

National Mortgage News - 2 hours 32 min ago
Mark Calabria, chief economist to Vice President Mike Pence, said passage of the regulatory relief bill could be delayed as policymakers deal with other items such as budget deadlines and an infrastructure bill.

Mulvaney launches public review of entire CFPB

National Mortgage News - 2 hours 32 min ago
Acting CFPB director Mick Mulvaney issued "a call for evidence" Wednesday seeking comment on all of the consumer agency's functions, including enforcement, supervision, rulemaking, market monitoring and education activities.

HomeStreet in Seattle to face proxy battle from big investor

National Mortgage News - 2 hours 32 min ago
Blue Lion Capital, which had a recent request for a board seat rejected, plans to nominate multiple people to run for the board at HomeStreet's next annual meeting.

Homebuilder sentiment cools in January from 18-year high

National Mortgage News - 2 hours 32 min ago
Sentiment among America's homebuilders eased in January to the second-highest level since 2005, a sign the housing market will continue to make strides this year.

One-time charges overshadow higher 4Q revenue at Pinnacle in Tenn.

National Mortgage News - 2 hours 32 min ago
The company, which bought BNC Bancorp to enter North Carolina last year, recorded $19.1 million in merger-related expenses and an $8.3 million pretax loss tied to investment securities.

Sonoma County home sales jump 10%

National Mortgage News - 2 hours 32 min ago
Fueled by a rush for housing after wildfires burned thousands of homes, a record amount of money changed hands in the Sonoma County, Calif., real estate market at the end of 2017.

Realtors concerned about affordable housing in Orlando area

National Mortgage News - 2 hours 32 min ago
A shortage of Orlando houses on the market — particularly in affordable price ranges — is a concern for the region's leading industry group.

Refis were 40% of all loans closed in December

National Mortgage News - 2 hours 32 min ago
The percentage of refinances grew to 40% of all closed loans in December, according to Ellie Mae.

Application volume increases even as mortgage rates rise

National Mortgage News - 2 hours 32 min ago
Even as mortgage rates rose to their highest level since March, application activity increased from one week earlier, according to the Mortgage Bankers Association.

Reps and warrants provisions lead to B of A's 4Q mortgage loss

National Mortgage News - 2 hours 32 min ago
Bank of America's mortgage banking business reported a loss for the fourth quarter driven largely by representations and warrants provisions.

No, the Senate reg relief bill isn’t destroying Dodd-Frank

National Mortgage News - 2 hours 32 min ago
Progressives have been setting off alarm bells this week over the Senate’s bill to ease some Dodd-Frank rules, but the changes are more modest than many assume.

Senate panel approves Powell as Fed chair for second time

National Mortgage News - 2 hours 32 min ago
The Senate Banking Committee had approved Powell already in December, but a revote was necessary after the Senate adjourned for the year without finalizing his confirmation.

Second mortgage and bank card defaults spike as spending rises

National Mortgage News - 2 hours 32 min ago
Default rates in second mortgages and bank cards rose notably in December, suggesting consumers are having trouble managing increased spending.

Banks, consumer groups stir up backlash against potential CFPB pick

National Mortgage News - 2 hours 32 min ago
National Credit Union Administration Chairman Mark McWatters has not even been announced as President Trump's pick to run the Consumer Financial Protection Bureau, but his potential nomination already is uniting diverse groups in opposition.

10 top housing markets where homes sell above asking price

National Mortgage News - 2 hours 32 min ago
From San Francisco to Dallas, here's a look at the 10 top housing markets where homes sell above the asking price.

Goldman takes new steps to boost demand for its personal loans

National Mortgage News - 2 hours 32 min ago
The New York bank has begun marketing Marcus loans as a way to pay for home improvements, while also raising the maximum loan size to $40,000.

Citi's mortgage revenue lower following servicing portfolio sale

National Mortgage News - 2 hours 32 min ago
Citigroup's fourth-quarter residential mortgage banking revenue was 22% lower from the previous year because the company sold the vast majority of its servicing rights.

Credit scores in reperforming loan securitizations drifting lower

National Mortgage News - 2 hours 32 min ago
The weighted average FICO credit scores of securitized reperforming loans are deteriorating a little, according to a DBRS study of the bonds.