State lifts restrictions in exchange for fine and debt forgiveness; company admits no wrongdoing.
Read More »Low-Credit Applicants Face Lending Obstacles
The denial rate for lower-credit mortgage applicants is higher than generally accepted, according to a new report released Tuesday.
Read More »The White House on Housing: A Look Back and Ahead
Two panels of housing experts recently examined the Obama Administration's legacy on housing and what they think the Trump Administration will bring for the industry.
Read More »A Tale of Two Earnings Reports
The Q4 earnings statements of U.S. Bancorp and Citigroup reported very different results for their mortgage sectors.
Read More »A Mixed Bag of Profitability and Mortgage Income
Bank of America, JPMorgan Chase, PNC, and Wells Fargo posted solid revenues to end 2016, though net income was down for two of them, according to the banks' latest earnings reports. How did mortgage income fare at these institutions?
Read More »St. Louis Fed: Foreclosure Crisis Nears Conclusion
The Federal Reserve Bank of St. Louis stated that the final remnants of the recession’s “historically elevated rates of extreme mortgage distress and defaults” are largely in the rear view mirror.
Read More »Supreme Court Rejects Banks’ Petition
The U.S. Supreme Court rejected a petition by several banks hoping to review a May ruling that challenged the statute of limitations on when federal regulators could sue financial institutions.
Read More »Pre-crisis Originations Comprise Bulk of Foreclosures
U.S. foreclosures in 2016 hit a 10-year low, but high numbers of legacy foreclosures remain in some markets.
Read More »The Fluctuating Trend with First-Time Homebuyers
What factors are limiting first-timers from moving forward with the home buying process once it is started?
Read More »Price Appreciation—Good for Driving Down Defaults
Home price appreciation has been steady every year since prices bottomed out in 2012. While some analysts may point out that this has hurt affordability, since wage growth has largely not kept up, at least one pointed out a positive result of rising prices.
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