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VRM University, the training division of Carrollton, Texas-based VRM Mortgage Services, announced the startup of the VRMU Academy earlier this week.

Federal Reserve governor Daniel Tarullo echoed Gruenberg's statement, though he was less concrete on a timeline: "I don't know whether I'd say by the end of the year, but I think we're definitely in the home stretch." As it was proposed in 2011, the rule originally called for securities issuers to hold on to 5 percent of a mortgage's risk after selling it unless the borrower made a 20 percent down payment.

The House Judiciary Committee approved bipartisan legislation that is aimed at speeding up the bankruptcy process and preventing taxpayers from taking the hit in the event of the failure of large financial institutions.

Fannie Mae recently released a report revising the waiting periods for borrowers with a derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan.

For the 11th consecutive month, Florida owned the highest foreclosure rate in the nation, according to RealtyTrac's monthly U.S. Foreclosure Market Report for August 2014 released Thursday.

The number of foreclosure filings in the nation has increased month-over-month but declined year-over-year, according to RealtyTrac's monthly U.S. Foreclosure Market Report for August 2014 released today.

In testifying before the Senate Committee on Banking, Housing, and Urban Affairs earlier this week, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray said the bureau had made "considerable progress" toward its goal of protecting consumers since the passage of the Dodd-Frank Reform Act in 2010.

Van Dyke joined Fifth Third in 2001 through the company's acquisition of Old Kent Bank, where her duties included serving as SVP and manager of the Central U.S. Mortgage region and president of the Illinois bank. Since joining Fifth Third, she has served as regional president for the Michigan affiliates, also taking responsibility for the St. Louis, Indiana, and Ohio affiliates.

A slight increase in single-family home sales in Connecticut for the month of July marked the fifth time in 2014 that single-family home sales increased year-over-year, according to a report released on Wednesday by the Warren Group, publisher of the Commercial Record. The 3,152 homes sold in Connecticut in July represented the highest total for any month since June 2010, when 3,400 homes were sold in the state, according to the Warren Group. July's total of 3,152 was an increase of less than 1 percent from June's home sales of 3,129 in Connecticut. Year-to-date, through the end of July, home sales in the state have fallen by 1.2 percent (from 14,230 down to 14,059).

Congresswoman Maxine Waters (D-California), a ranking member of the Financial Services Committee, unveiled a proposal today that would make sweeping changes to the way consumer credit is scored.