News

CFPB Director Richard Cordray faced intense criticism from the committee's Republicans, particularly Chairman Jeb Hensarling (R-Texas), who said that Congress has made the Director a “dictator” and given him power that is “amazing, frightening, and tragic.”

The U.S. banking industry's period of recovery and release have come to a close and significantly higher credit costs lie ahead which will indeed affect these institutions' first quarter earnings.

Confidence among home builders has been on a series of ups and downs over the last few months, showing slow but continued progression in the single-family sector, but they are still faced with concerns about labor and lot shortages.

Despite the negative effects reported about TRID, homebuyers did report a few positives since the rule went into effect October 2015, indicating that the CFPB's rule may be doing its intended job.

The relationship between the regulator for credit unions, the Credit Union National Association (CUNA), and the CFPB has been a rocky one since the Bureau’s formation nearly five years ago.

The first mortgage default rate has leveled out after seeing three consecutive months of increases in Q4.

In his address, Hensarling called Dodd-Frank the “Obama Financial Control Law” and asserted that it “stands as a monument to the arrogance and hubris of man in that its answer to incomprehensible complexity and government control is yet more incomprehensible complexity and more government control.”

Nationwide Title Clearing (NTC), a post-closing services provider for the nation's largest financial institutions, investors, and servicers, announced that the company will open a new office this month in Dallas, Texas that will include a new data center.

The sweeping of Fannie Mae and Freddie Mac profits into Treasury has prompted several lawsuits from investors. But the lawsuits filed by shareholder Tim Pagliara are the first of their kind.

First-time homebuyers, including millennials, are slowly but surely making their way into the housing market and lenders need to be prepared to grab their attention and keep it.