The Swiss-based bank became the third firm in a week to settle with the Department of Justice for conduct related to mortgage-backed securities leading up to the crisis.
Read More »Builder Confidence Levels Out Following Spike
December was a banner month for builder confidence in the single-family housing market as builders anticipated regulatory relief from the incoming administration. What happened to builder confidence in January?
Read More »Freedom Mortgage Joins the Simplifile Network
The mortgage lender will be able to efficiently exchange data with settlement partners.
Read More »Fannie Mae No Longer Has Automatic Path to Federal Court
The U.S. Supreme Court ruled on Wednesday that Fannie Mae cannot automatically bring state lawsuits to federal court, reversing an earlier decision by the Ninth Circuit Court.
Read More »Senate Democrats Praise CFPB Director’s Record
As speculation persists that President-elect Donald Trump will fire Consumer Financial Protection Bureau (CFPB) Director Richard Cordray once Trump takes office, lawmakers on both sides of the aisle are pleading their respective cases as to why Cordray should either stay or go.
Read More »HARP-Incentivized Borrowers are Concentrated
Nearly a quarter of a billion borrowers nationwide are eligible and have an incentive to refinance through the FHFA's Home Affordable Refinance Program, which is scheduled to expire later this year. And more than half of them are located in 10 states.
Read More »Credit Plus Introduces Lost Sales Analysis
New tool gives lenders pertinent data to improve products and strategies.
Read More »PCLender Names New President
Former Ellie Mae chief sales officer joins the Nevada-based company.
Read More »The CHOICE Act: The Solution or the Problem?
With so much talk lately around the possibly of the soon-to-be-installed Trump Administration rolling back regulations for the financial industry, the House Financial Services Committee Chairman is making his case for the Republicans’ Dodd-Frank alternative, the Financial CHOICE Act.
Read More »Is This the Season for Homebuying?
The first quarter may prove to be a successful period for lenders, even despite rising mortgage rates, according to one analysis.
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