News

The Office of Inspector General for the U.S. Department of Housing and Urban Development (HUD OIG) announced that civil investigations of some of the Federal Housing Administration's (FHA) largest lenders have resulted in significant settlements in the last year.

A new study by TransUnion indicated that the composition of loans people typically carry, known as the consumer loan wallet, has materially changed in the last decade for both older and younger consumers.

Hedge fund Perry Capital has appealed a judge's decision to dismiss a lawsuit filed last year over the sweeping of Fannie Mae and Freddie Mac profits into the U.S. Department of Treasury.

The U.S. Department of Housing and Urban Development (HUD) has reached a $5 million settlement with Wells Fargo Home Mortgage, the largest provider of residential mortgage loans in the nation, to resolve allegations that Wells Fargo discriminated against women who were either pregnant or on maternity leave, HUD announced Thursday.

Brown's letter comes months after the bureau signaled it will be watching out for brokers trying to skirt its compensation rules by operating the same way under a different label. Those rules were put in place early this year as a way to remove financial incentives for brokers to direct borrowers toward riskier products.

Nearly half of the mortgages that were in foreclosure in December 2013 were still in foreclosure as of the end of August, according to the Black Knight Financial Services August Mortgage Monitor released earlier in the week.

The Federal Housing Finance Agency (FHFA) has announced the appointment of Janell Byrd-Chichester as the organization's new chief of staff.

Fannie Mae announced earlier this week it will be adjusting the required interest rate for its Standard Modification Program. The new interest rate of 4.5 percent will be effective for all Fannie Mae mortgage loans approved for the Standard Modification Program on or after October 14, 2014.

Minneapolis, Minnesota, has been the top college town for home flipping so far in 2014, according to data released by RealtyTrac earlier this week.

According to results from Fannie Mae's September 2014 National Housing Survey, Americans' optimism about the housing market recovered last month.