After suffering a major drop in November 2015, existing-home sales turned the tables back toward favor with the largest monthly increase ever recorded in December.
Read More »Mortgage Rates Creep Even Lower Among Global Concerns
Mortgage rates have only headed one direction since the Fed's decision in December to raise rates by 0.25 percent. Freddie Mac says the falling rates reflect the tumultuous global economy and weak inflation.
Read More »Here are the Top 5 Issues Lenders are Facing With Loan Officer Compensation
As lenders gear up to attract new loan officers (LO), many have them are requesting unique or complex compensation plans. The real challenge lenders face is adapting their compensation plans to these requests, while complying with Consumer Financial Protection Bureau (CFPB) standards.
Read More »FDIC Issues Interim 18-Month Exam Cycle Rule for Small Banks
In an effort to help community banks and thrifts with their examination timelines, the Federal Deposit Insurance Corp., (FDIC) has approved an interim final rule to allow more established small institutions to qualify for the the 18-month exam cycle.
Read More »Home Prices on Low-End Growing the Fastest
Home prices in the U.S. housing market has seen some major gains over the last few years, but you will be surprised to know that much of this growth is stemming from homes that are priced 75 percent or less of the median home price.
Read More »Ten-X Promotes Rick Sharga to Chief Marketing Officer
Online real estate marketplace Ten-X (formerly Auction.com) has announced that the company’s EVP, Rick Sharga, has been promoted to the position of chief marketing officer.
Read More »BNY Mellon, BankUnited Earnings See Huge Gains Despite Challenges
Bank of New York Mellon's residential mortgage-backed securities legal issues and BankUnited's recent departure from retail mortgage originations appeared to have little to no effect on these companies' incomes in the fourth quarter of 2015. Read on to see what is driving these institution's profits way up in the fourth quarter.
Read More »SEC Approves Ocwen Settlement Over Financial Misstatements
The U.S. Securities and Exchange Commission (SEC) has approved a settlement with Ocwen Financial Corp. for $2 million to resolve claims that the mortgage servicer misstated its financial results, according to an announcement from the SEC.
Read More »Cool Down: New Home Mortgage Applications Decline
In the last month of 2015, applications for new home purchases took a chill pill and decreased month-over-month. Could this be what economists meant by slow growth headed into 2016?
Read More »Freddie Mac Drops Billion-Dollar Suit Against Deloitte
Freddie Mac has dropped its lawsuit against Deloitte & Touche that accused the accounting firm of negligence regarding the auditing of certain mortgage loans the GSE purchased from now-defunct mortgage lender Taylor Bean & Whitaker.
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