National foreclosure completions in June were up 5 percent from May, but compared to a year ago, the number of foreclosures is definitively down.
Read More »FHFA’s OIG Questions Rising Cost of Fannie Mae HQ
According to the inspector general's report, FHFA originally expected the project to cost around $115 million.
Read More »BOA Compelled to Surrender Countrywide Communications
An insurer claimed in a lawsuit that Countrywide had purposely misrepresented its mortgage-backed securities prior to Bank of America's acquisition of Countrywide in 2008.
Read More »CFPB Looks to Streamline Dodd-Frank Protections
What clarifications did the CFPB propose to protect borrowers in bankruptcy along with enhancements for loss mitigation requirements?
Read More »Changing of the Guard
Conventional logic suggests that the mortgage industry is in real trouble because of its age. Editor's note: This select print feature is scheduled to appear in the June 2016 issue of DS News, which will be digitally available on June 1.
Read More »Short Supply Causing Faster Price Appreciation
Fewer homes for sale over the past year have driven prices up faster than expected.
Read More »CFPB Proposes to Give Consumers Their Day in Court
The Consumer Financial Protection Bureau proposed a rule on Tuesday regarding businesses' use of arbitration clauses in contracts. What does the rule include?
Read More »Buyer Behavior—Emotional Factors Drive Purchase Decisions
Bank of America’s first-ever look at homebuying trends has found that more buyers want a home more than they want an investment in property.
Read More »Credit Unions are Having Trouble Closing with TRID
All told, more than half of the survey respondents said new TRID regulations have added five or more days to mortgage closing.
Read More »JPMorgan Chase RMBS Deal First to Qualify Under Safe Harbor
JPMorgan Chase Bank has become the first institution to file a residential mortgage-backed securitizations deal that qualifies under the Federal Deposit Insurance Corporation’s six-year-old Safe Harbor rule.
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