Headlines

Conventional wisdom seems to suggest that recent housing data points to reasons for analysts to worry about the direction of the economy. A new report makes the case that the picture is much brighter then their consensus would lead one to think.

Experian announced that its latest analysis has uncovered how the addition of rental payment data to credit files can help financially exclude consumers gain access to traditional financial services.

The Texas economy grew during the first half of 2014. From January 1 through the end of June, Texas employment has grown 3.3 percent, which is better than the national average.

Quandis, Inc., a California-based mortgage servicing software provider, announced its new military search name permutation technology is now being used by Scott Law Firm, one of South Carolina's premier law firms serving the default servicing industry.

Brock & Scott, PLLC, a full-service law firm serving the financial sector, announced the hiring of senior associate attorney Glen Tschirgi to its Columbia, Maryland, office.

LenderLive announced recently that Larry Hudnall has joined the firm as SVP, national sales manager of the company’s Settlement Services division.He will be responsible for sales, sales management, and revenue growth for the company’s Settlement Services division.

U.S. payrolls grew less than expected in July, a potential sign that the labor market recovery might be cooling following an early summer hiring spike. According to the Department of Labor, the economy added 209,000 jobs last month, coming in under the 233,000 predicted by economists. The national unemployment rate ticked up from 6.1 percent to 6.2 percent.

The housing market in San Jose, California, has been cooling over time and prices have recently flattened. The trends imply a weakening market, according to Kristen Evans, an analyst for Altos Research LLC. “Despite the consistent decrease in the Market Action Index (MAI), we're in a ‘Seller's Market’ where significant demand leaves little inventory available.”

A new Competitive Enterprise Institute (CEI) report digs into a controversial campaign by federal regulatory agencies called Operation Choke Point. In 2013, the U.S. Department of Justice (DOJ) and several other federal agencies, the Office of the Comptroller of the ...

On Wednesday, U.S. District Judge Jed S. Rakoff ordered Bank of America to pay a significant civil penalty of $1.27 billion for fraud related to poor quality mortgages sold by Countrywide Financial Corporation, which Bank of America acquired in July 2008.