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Updated: 16 min 27 sec ago
The senior management shakeup at Bank of America is continuing. According to multiple reports, Bank of America is interviewing “possible successors” for Gary Lynch, who serves as the bank’s global general counsel.
Before Discover Home Loans has even shut its doors, lenders are already said to be vying to acquire its remains. The company will accept its final loan application at the end of July.
A bill that would suspend the $3 million pay raises recently awarded to the CEOs of Fannie Mae and Freddie Mac is one step closer to becoming law, as the Equity in Government Compensation Act of 2015 is set for markup next week.
A village just north of Albuquerque, New Mexico shocked real estate agents this week when they hung black plastic bags over 35 “For Sale” in an effort to finally enforce a local ordinance.
The Association of Mortgage Professionals says the Consumer Financial Protection Bureau’s new Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, doesn’t disclose enough and says homebuyers are entitled to know where all the money they pay to buy a home is going.
In the latest chart from the Mortgage Bankers Association’s chart series, the MBA put into perspective just how much the Federal Housing Finance Agency’s U.S. Purchase-only House Price Index has risen.
Sales of new single-family houses in June 2015 retreated back down and were at a seasonally adjusted annual rate of 482,000, a 6.8% drop from May’s revised rate of 517,000.
Freddie Mac is bringing another mechanism for sharing its credit risk to market – one that hasn’t been seen much since the crisis – a cash securitization. Here are all the details.
CoreLogic’s second-quarter revenue jumped 5.5% from prior-year levels thanks to higher U.S. mortgage origination volumes, market share gains in core underwriting solutions and demand for property data and analytics.
Veros Real Estate Solutions' web-based, residential collateral valuation management platform, Sapphire, now offers a direct connection to the Federal Housing Administration Electronic Appraisal Delivery portal.
Citing shrinking revenue caused by a shrinking number of delinquent loans, Stewart Information Services Corporation announced Thursday that it intends to end its delinquent loan servicing business by the end of 2015.
Despite seeing a $3 billion jump in its net income in the second quarter, Bank of America is shaking up its senior management, replacing Bruce Thompson, the bank’s chief financial officer and chief risk officer, and making other moves.
The first half of this year performed a lot better than what was originally expected, giving extra momentum to the start of the second half of the year. Therefore, the Fannie Mae housing forecast remains largely unchanged, with leading indicators pointing to continued improvement.
The Vanguard Awards are an open recognition program designed to highlight “leaders of the year," and will be featured in our double December/January special issue. So if you rock at work, tell us about it.
The national foreclosure inventory continued to drop and dipped to the lowest level since 2007. Meanwhile, the delinquency rate dropped 3% from May.
Reaffirming their position that the fees charged by Fannie Mae and Freddie Mac to guarantee loans should not be used to fund federal spending, Sen. Mike Crapo, R-Idaho, and Sen. Mark Warner, D-Va., sent a letter to the Senate leadership, asking them to reconsider the use of g-fees to offset the cost of a massive transportation bill.
Although homebuyer demand was up year over year in June, on a monthly basis, the decline was steeper than previous years. “This year’s seasonal slowdown is more extreme than normal due to buyer fatigue over high prices and low selection, combined with gradually increasing mortgage interest rates,” Redfin’s new housing report said.
Altisource Portfolio Solutions, a marketplace and transaction solutions provider for the real estate, mortgage and consumer-debt industries, announced Thursday that it is acquiring CastleLine Holdings, a specialty risk management and insurance services firm.
After moving to the highest level of 2015 one week ago, mortgage rates retreated slightly, according to Freddie Mac’s latest Primary Mortgage Market Survey. According to Sean Becketti, Freddie Mac’s chief economist, the slight decline was driven by mixed economic and housing data.