News

The department's argument came as a response to a late August filing by lawyers representing the megabank, who then said the government failed to conclusively prove that BofA's Countrywide unit misrepresented the quality of loans packaged and sold to the GSEs in the lead-up to the housing crash. In their own filing, Bank of America's team said argued "the evidence unambiguously showed that the ... loans sold to Fannie and Freddie were well within industry standards for loan quality, and thus Fannie and Freddie received exactly what they paid for."

The data on 2013 mortgage lending transactions at thousands of U.S. financial institutions was made available starting Monday, the Federal Financial Institutions Examination Council (FFIEC) announced.

A burgeoning young, knowledge-based workforce is contributing to housing and overall economic growth in Pittsburgh and Cleveland, according to the latest Home Value Forecast from Pro Teck Valuation Services.

Domestic-based mortgage services provider LenderLive Network has announced the hiring of Charlie Kent as VP of national sales for the Settlement Services division.

Representatives from the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae convened at the second annual Ginnie Mae Summit on September 22 to discuss initiatives and programs designed to create a healthy housing market.

In an effort to sign more eligible homeowners up for the Home Affordable Refinance Program (HARP), the Federal Housing Finance Agency (FHFA) is holding its third HARP outreach event on October 2 in Detroit.