News

The settlement stems from Wells Fargo’s participation in the Direct Endorsement Lender program, a federal program administered by the Federal Housing Administration. It is the largest recovery for loan origination violations in FHA history.

Mortgage Electronic Registration Systems was victorious in two recent cases in Texas.

Despite signs of softness in several sectors of the economy reported recently, New York Fed President and CEO Bill Dudley expects to see continued expansion in the housing market.

The decision to remove the "systemically important" designation from MetLife has been viewed as a victory for opponents of Dodd-Frank Wall Street reform. However, they should not be so quick to celebrate, according to Treasury Secretary Jacob Lew.

In his speech at the American Banker Retail Banking Conference in Las Vegas on Thursday, Comptroller of the Currency Thomas Curry spoke to the importance of innovation in the financial services industry—especially amidst the constantly changing technological environment.

Mortgage interest rates continued their downward pattern this week, reaching their lowest level since February of last year.

What single-family housing markets are the best for investors this spring, and what housing fundamentals are driving the rankings?

Financial reform under Dodd-Frank has taken some heat and even encountered a few setbacks lately, and even the CFPB has been affected.

Just how well-capitalized is JPMorgan Chase? The bank's CEO, Jamie Dimon, tells us exactly how much in his annual letter to shareholders.

On March 22, Mel Watt said the FHFA would make a decision within 30 days on whether or not to offer principal reduction on mortgage loans. Some housing advocates don't want to wait that long, however.