Daily Dose

The issue is a commonly cited problem for younger first-time homebuyers, who, in addition to facing tight mortgage criteria, also have to clear the hurdle of saving for a down payment.

NCUA's complaint deals with credit unions U.S. Central, WesCorp, Members United, Southwest, and Constitution, all of which were involved in the purchase of $140 billion in RMBS between 2004 and 2007 and all of which closed after those securities lost value.

Nearly a third of panelists took a more optimistic view, predicting the market will stabilize one to two years from now, while one in five responded that housing has either already returned to normal or will within the next 12 months.

A gauge released this week shows the labor market improved at a moderate pace in October, with previous measures also seeing a lift in revision.

The percentage of September's foreclosure starts that were repeat foreclosures rose by two percentage points month-over-month to account for 53 percent of foreclosure starts, tying the highest percentage for a single month, according to Black Knight Financial Services' September 2014 Mortgage Monitor.

The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has announced the prosecution of four individuals in three separate cases on fraud-related charges against banks that were TARP recipients.

According to multiple reports, Benjamin Lawsky, Superintendent of the New York Department of Financial Services is considering stepping down from his post and entering the private sector in 2015.

The U.S. Federal Reserve Board recently issued a final rule to implement section 622 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Two of the country's biggest banks have agreed to pay tens of millions of dollars to settle a suit claiming they failed to protect investors of mortgage-backed securities (MBS) in the wake of the subprime crash.

All-cash buyers and institutional investors were able to purchase residential homes at a larger discount rate from the average market value at the time of purchase than the average rate for all U.S. homebuyers in the third quarter, according to RealtyTrac's U.S. Institutional Investors & Cash Sales Report for Q3 2014.