News

The Office of the Comptroller of the Currency removed restrictions from two more banks, but the banks will also be paying a hefty penalty.

President Barack Obama had much to reflect on prior to unveiling his final budget plan for Fiscal Year 2017, but one theme remained consistent in every part of his speech to Congress and the U.S. today—economic strength is the key to America's future.

Although rents continue to rise at a rapid pace, many Americans are still shying away from the real estate market due to down payment and credit score troubles.

Housing policy has been overlooked many times by the Obama Administration. During President Barack Obama's last State of the Union address in January, he did not mention one housing-related topic at all, but his FY 2017 budget will make a substantial investment toward housing.

Many in the industry believed that the The TILA-RESPA Integrated Disclosure (TRID) rule was the culprit behind the huge decline in existing-home sales in November 2015.

The housing market is six years into the current recovery, and while banks are generally in good health, worrisome signs of credit risk are still prevalent among these institutions.

As investors navigate the real estate market, they are faced with some the same issues as others in the mortgage industry such as regulations and compliance, the highs and lows of growth, and technology innovation.

National real estate services provider Chronos Solutions, headquartered in Coppell, Texas, has announced the acquisition of settlement services firm Commerce Title and Closing Services from parent company Ten-X, formerly Auction.com.

Primary Residential Mortgage, Inc., headquartered in Salt Lake City, Utah, recently announced it has expanded its footprint in Utah by opening a new branch in Orem.

With household income lagging and home prices continuing their upward climb, fewer buyers are able to afford a home in today's housing market.