The good news for JPMorgan Chase Bank and EverBank: The Office of the Comptroller of the Currency announced on Tuesday that it has terminated mortgage-related consent orders against them. Now the bad news for those two banks: the OCC assessed civil money penalties ...

Distressed residential home sales, which consist of REO properties and short sales, dropped by 2 percentage points year-over-year in October 2015 despite an expected seasonal monthly increase of zero point 2 percentage points from September to October, according to data ...

U.S. Bank announced the appointment of Tom Wind as president of U.S. Bank Home Mortgage this week. Wind succeeds Rick Aneshansel, who announced his retirement earlier this year.

Heading into 2016, the majority of the mortgage industry is still struggling to comply with the CFPB's Know Before You Owe mortgage rule, or the TILA-RESPA Integrated Disclosure Rule, commonly known as TRID. The rule went into effect on October ...

The National Association of Realtors reported on Tuesday that existing-home sales dropped off in November to an annual rate of about 4 point 76 million, the slowest pace in 19 months. November’s decline represented a 10 point 5 percent drop ...

In September 2015, the cash sales share declined by another 3 point 4 percentage points year-over-year down to 32 point 5 percent, meaning all-cash transactions accounted for less than one-third of all residential home sales during the month, according to ...

The GSEs substantially advanced their conservatorship goals during 2015, according to the FHFA’s 2016 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions released Thursday. The 2016 Scorecard further expands on the three goals of the GSEs outlined in ...

The Federal Reserve made the long-awaited, much-anticipated announcement on Wednesday afternoon that federal funds target rate will increase by 25 basis points up to one-fourth to one-half percent. The target rate had been zero to one-fourth since June 2006. The ...

The number of residential homes with negative equity, also referred to as being underwater or upside down, has been steadily declining in the last few years while the number of homes with equity has been on the rise. That is ...

According to the OCC’s Mortgage Metrics Report for the Third Quarter of 2015, 93 point 9 percent of outstanding residential mortgages serviced by eight national banks—Bank of America, JPMorgan Chase, Citibank, HSBC, OneWest Bank, PNC, U.S. Bank, and Wells Fargo—were ...