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It is now more than seven years since the housing crisis hit, and settlements over claims of selling toxic residential mortgage-backed securities are still alive and well. Earlier this month, Goldman Sachs settled for 5 billion dollars with U.S. Department ...

After suffering a major drop in November 2015, existing-home sales turned the tables with the largest monthly increase ever recorded in December. With the backlog caused by TRID delays largely cleared, existing-home sales rose 14 point 7 percent to a seasonally adjusted ...

The number of homes actively in the process of foreclosure fell by nearly 200 thousand in 2015, marking a 22 percent decline, down to about 689 thousand properties, according to Black Knight’s First Look at Mortgage Data for December 2015 ...

As expected, fourth quarter earnings for Goldman Sachs took a huge hit as a result of last week’s announced settlement for 5 point 1 billion dollars to resolve claims of mortgage-backed securities fraud. The investment banking firm’s Q4 2015 net earnings totaled ...

Last week’s settlement between Goldman Sachs and several regulators, including the U.S. Department of Justice, for 5 billion dollars to resolve claims of mortgage-backed securities fraud has fueled speculation among analysts that the Royal Bank of Scotland will reach a settlement in the next few weeks ...

For the full year of 2015, Citigroup’s net income more than doubled despite a slight decline in revenues, from 7 point 3 billion dollars on revenues of 77 billion in 2014 up to 17 point 1 billion on revenues of ...

Most forecasts for 2016 come to the same conclusions as those of the National Association of Realtors‒‒optimistic about steady growth, but tempered with an understanding that growth will be more modest this year. As Fannie Mae sees it, growth in the U.S. housing market will ...

While those in the mortgage industry continue to debate whether or not housing has recovered and what exactly constitutes a recovery, default metrics continue to tumble. In November, the number of homes in some state of foreclosure across the country ...

JPMorgan Chase has fulfilled nearly all of its required 4 billion dollar consumer relief obligation under the terms of the 2013 Residential Mortgage-Backed Securities Settlement, according to a report from the office of independent monitor Joseph A. Smith, Jr. released today. In Smith’s seventh ...

Many in the mortgage industry were anxiously waiting to view the results of the first jobs report of 2016 to see if the Federal Reserve was on track with the timing of its long-awaited December rate hike or if the ...