• Ocwen7.63-0.07 -0.91%
  • Zillow96.90+0.82 +0.85%
  • Trulia+0 +0%
  • NationStar25.02-0.30 -1.18%
  • CoreLogic35.45+0.50 +1.43%
  • RE/MAX33.63+0.05 +0.15%
  • Fannie Mae2.84+0.02 +0.71%
  • Freddie Mac2.70+0.02 +0.75%
  • Wells Fargo54.36+0.31 +0.57%
  • CitiMortgage53.20+0.13 +0.24%
  • Bank of America15.57+0.01 +0.06%
  • Fidelity National Financial37.29+0.58 +1.58%
  • First American36.23+0.55 +1.54%
  • AUDUSD=X0.7709-0.0018 -0.2304%
  • USDJPY=X119.4125+0.1725 +0.1447%
  • WP Stock Ticker
Home | News | Government

Quicken Loans Files Lawsuit Against Federal Agencies


The Detroit-based lender claims the government has enjoyed “extraordinary profitability for FHA's insurance program” through its efforts, saying the company’s participation in FHA's program will proved the government more than $5.7 billion in net profits “from the insurance premiums collected above and beyond claims made from over $40 billion in FHA home loan volume closed by Quicken Loans during the 2007 to 2013 timeframe.”

Read More »

CFPB Amends Guidelines For Providing Lists of Housing Counseling Organizations


Housing counselors‒‒which can be the lenders themselves‒‒can provide advice on buying a home, renting, defaults, foreclosures, and credit issues at little or no cost to consumers. The Dodd-Frank Act of 2010 included a requirement that mortgage lenders provide applicants with a list of local housing counselors, which consumers are to receive shortly after they apply for a mortgage.

Read More »

FHFA Launches Neighborhood Stabilization Pilot Program in Illinois


The Neighborhood Stabilization Initiative is a set of strategies that aim to help delinquent borrowers avoid foreclosure and create a more efficient disposition path for foreclosed properties that will first be introduced in Cook County, Illinois. The housing market in the county, which contains Chicago, took a precipitous dive at the end of 2008 that took four years to reverse, according to data from DePaul University.

Read More »
Scroll To Top