Headlines
Brian Collins | May 17
The Consumer Financial Protection Bureau has taken an enforcement action against a Dallas builder who allegedly referred customers to local mortgage lenders and received illegal kickbacks.
Brad Finkelstein | May 17
San Francisco is considered to be the least affordable market in the nation for housing.
Brian Collins | May 17
Republican senators are becoming suspicious of the huge amount of consumer data the Consumer Financial Protection Bureau is buying and collecting.
NMN Staff | May 17
The Mortgage Grapevine is a place where people can comment, not just about what is happening in the lending business, but on many other topics, including politics and government.
Brad Finkelstein | May 17
Redwood Trust, which sold $424 million of mortgage-backed securities at spreads of 190 basis points, was the big gainer among mortgage stocks on Friday.
Jeff Horwitz, Kate Berry | May 17
Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.
Evan Nemeroff | May 17
The commission ordered Thomas Richter and Girard Finance Co. to cease discriminatory lending practices and pay a total of $668,951 to seven borrowers for damages plus humiliation and suffering.
Nora Colomer | May 17
Goldman Sachs, Citigroup and Jefferies priced the $1.1 billion CMBS deal called GS Mortgage Securities Trust 2013-GCJ12.
Amilda Dymi | May 17
In the past two years, 85% of Hispanics were engaged in online banking, compared to 74% of all U.S. households.
Brad Finkelstein | May 17
LendingQB has put the guidelines from four of the six private mortgage insurers onto its loan origination system’s automated underwriting engine.
Evan Nemeroff | May 17
After acquiring JPMorgan Chase’s Melbourne, Fla., servicing shop earlier this year, Wingspan Portfolio Advisors is now expanding the functions this facility will provide.
Bonnie Sinnock | May 17
A large bid list of nonagency residential mortgage-backed securities in the market this week may have been the first move in a regulatory plan for Fannie Mae and Freddie Mac to divest some of its portfolio assets.
Brad Finkelstein | May 17
Analysts at Keefe, Bruyette & Woods believe fears about a Federal Reserve Board exit from its mortgage-backed securities holdings in the near future are overdone.
Brian Collins | May 17
The Department of Housing and Urban Development is coming under pressure from House Republicans to issue a policy that would ban the Federal Housing Administration from refinancing any loans that have been seized by a county via eminent domain.
Brian Browdie | May 17
Flagstar Bancorp said that its chief executive has stepped aside after just eight months in the post.
