• Ocwen7.88+0.14 +1.81%
  • Zillow103.03+4.77 +4.85%
  • Trulia+0 +0%
  • NationStar25.29-0.09 -0.35%
  • CoreLogic39.23-0.22 -0.56%
  • RE/MAX34.74+0.45 +1.31%
  • Fannie Mae2.61-0.10 -3.69%
  • Freddie Mac2.51-0.09 -3.46%
  • Wells Fargo54.97+0.27 +0.49%
  • CitiMortgage52.80-0.10 -0.19%
  • Bank of America15.56-0.08 -0.51%
  • Lennar46.37-0.82 -1.74%
  • Fidelity National Financial37.75-0.50 -1.31%
  • D.R. Horton26.26-0.31 -1.17%
  • PulteGroup19.87-0.25 -1.24%
  • First American37.12-0.71 -1.88%
  • AUDUSD=X0.7850+0.0030 +0.3836%
  • USDJPY=X119.0950+0.2100 +0.1766%
  • WP Stock Ticker
To show sotck chart
Home >> News

Home Prices Up 4 Percent from Last Year

Home Prices Up 4 Percent from Last Year

U.S. home prices for February were up by 4.6 percent year-over-year and 0.7 percent for the month, according to a home price index (HPI) report released by Black Knight Financial Services this morning. This is the largest monthly gain in home prices since June of last year.

Read More »

Prudential Settles Lawsuits with Bank of America over Mortgage-Backed Securities

Prudential Settles Lawsuits with Bank of America over Mortgage-Backed Securities

New Jersey federal court documents filed earlier this week revealed that Prudential Insurance Co. has moved to settle its ongoing lawsuits with Bank of America NA, Merrill Lynch & Co. Inc., First Franklin Financial Group, and a number of lenders in the mortgage industry. The suits, which were first filed in March 2013, alleged Bank of America and others knowingly sold Prudential $2.1 billion in low-quality mortgage-backed securities—and made false statements about them.

Read More »

OCC Head Shoots Down Volcker’s Plan

OCC Head Shoots Down Volcker’s Plan

Last week, former Federal Reserve Chairman Paul Volcker had proposed a plan for overhauling the federal regulatory system—one that included eliminating the Office of the Comptroller of the Currency (OCC) altogether. Since dubbed the “Volcker plan,” the head of the OCC, Thomas Curry, has come out against the proposal, saying it would be ineffective at solving the nation’s regulatory issues.

Read More »

Justice Department Suit Accuses Quicken of Improperly Underwriting FHA-Insured Loans

Justice Department Suit Accuses Quicken of Improperly Underwriting FHA-Insured Loans

The government alleges that Quicken had a "value appeal" process in place where Quicken would request an inflated value for a home appraisal if the appraisal was too low to approve for a loan, and that the lender granted "management exceptions" in which managers would allow underwriters to break the rules to approve a loan. According to the complaint, Quicken's most senior executives were aware of these practices based on several emails.

Read More »
Scroll To Top