• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
To show sotck chart
Home >> News >> Government

CFPB Corrects, Clarifies Final Rule Amendments

CFPB Corrects, Clarifies Final Rule Amendments

The Consumer Financial Protection Bureau has taken two big steps in clarifying its amendments to the 2013 mortgage servicing rules, which were issued in August 2016. The Bureau issued a correction on its amendments, as well as guidance regarding the three-day early compliance period. Born out of industry concern over the rule’s midweek effective dates, today’s announcement could be a game-changer for many in the industry.

Read More »

Freddie Mac Getting Fat

Freddie Mac Getting Fat

Freddie Mac’s getting fat, again. Just how much, however, pales in comparison to a few months prior. So just how well is the GSE doing? The answer’s in the numbers.

Read More »

Compliance Costs. . . Going, Going, Gone?

Compliance Costs. . . Going, Going, Gone?

Several representatives and senators have been pushing for change in compliance regulations, but a recent bill could possibly be the answer. Being that this isn’t the first bill of its kind, what does it bring to the table that others didn’t? See what Representative Tom Emmer and Congressman Blaine Luetkemeyer have in mind.

Read More »

DCHFA Announces First of Many Closings in Assistance Program

DCHFA Announces First of Many Closings in Assistance Program

Lower and moderate-income residents of Washington, D.C. are now able to afford homeownership thanks to the District of Columbia Housing Finance Agency’s (DCHFA) administering of the DC Housing and Community Development's Home Purchase Assistance Program (HPAP). Monday, the DCHFA announced their first closing under the program during Mayor Muriel Brown’s June Housing Bloom, a monthlong initiative showcasing how the public and private sectors are partnering to produce and preserve affordable housing and revitalize neighborhoods across D.C. After five years living in a small apartment with three children, the first family to receive assistance now owns a four level townhome.

Read More »

Potestivo & Associates Announces New Partners

Potestivo & Associates Announces New Partners

Potestivo & Associates, P.C., who specializes in the real estate finance and credit industry, is pleased to announce two attorneys from their Chicago team have been promoted to partner, effective June 12. Kimberly J. Goodell and Caleb J. Halberg will each serve in their new capacity as Assistant Vice President – Managing Attorney and are the newest members of the firm’s Omni Executive Committee.

Read More »

Jury Finds Nomura Trader Guilty of Conspiracy

Jury Finds Nomura Trader Guilty of Conspiracy

A former executive at Nomura, a financial holding company based in Japan, was found guilty of conspiracy on Thursday by a Connecticut jury. The defendant, Michael Gramins, allegedly added secret commission fees onto mortgage-backed security transactions he handled between 2009 and 2013, according to the verdict. Gramins wasn’t the only party involved—though he was the single person charged. The state’s case also named Nomura’s Ross Shapiro and Tyler Peters in the suit, which alleges the three defendants illegally added to their profit margins when handling RMBS transactions for their employer.

Read More »

FOMC Hikes Interest Rates; Will Mortgage Rates Follow?

FOMC Hikes Interest Rates; Will Mortgage Rates Follow?

The Fed has voted for the second time this year to raise interest rates, a decision that was hinted at back in March by Janet Yellen, FOMC Board of Governors Chair. The FOMC is of the opinion that waiting too long to scale back accommodations could potentially cause a rapid increase in rates, which could disrupt the market and send the economy into another recession. It is currently unclear how the hike in interest rates will affect mortgage rates.

Read More »
Scroll To Top