News

The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has announced the prosecution of four individuals in three separate cases on fraud-related charges against banks that were TARP recipients.

According to multiple reports, Benjamin Lawsky, Superintendent of the New York Department of Financial Services is considering stepping down from his post and entering the private sector in 2015.

The U.S. Federal Reserve Board recently issued a final rule to implement section 622 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Two of the country's biggest banks have agreed to pay tens of millions of dollars to settle a suit claiming they failed to protect investors of mortgage-backed securities (MBS) in the wake of the subprime crash.

All-cash buyers and institutional investors were able to purchase residential homes at a larger discount rate from the average market value at the time of purchase than the average rate for all U.S. homebuyers in the third quarter, according to RealtyTrac's U.S. Institutional Investors & Cash Sales Report for Q3 2014.

City officials in the Las Vegas suburb of Henderson, Nevada, have announced the launch of a foreclosure registry in order to help monitor the number of abandoned residential properties in the area from falling into disrepair or becoming blighted.

As the share of first-time homebuyers hovers at its lowest level in nearly three decades, real estate professionals remain optimistic that homeownership is due for a comeback.

Detroit-based attorney Neil Sherman has been named one of DBusiness Magazine's 30 in Their Thirties for 2014. Sherman, 38, is the VP and managing attorney for default services firm Schneiderman & Sherman, a position he has held since 2008. Sherman also serves as president of Best Homes Title Agency, a company he created with his law partner, Peter Schneiderman, in 2008 to service the real estate and mortgage banking needs of its legal clients.

The National Association of Home Builders (NAHB) released its Q3 Leading Markets Index (LMI) report Thursday, and the verdict is: National housing recovery is getting there, slowly but surely.

The U.S. Midterm Elections have been over for less than a week, and already Democrats are circling the wagons to protect what will certainly be a top priority on the Republicans' list of changes to make – the Consumer Financial Protection Bureau (CFPB).