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A federal court dismissed a suit brought by NCUA against Barclays Capital for the sale of $555 million of faulty mortgage-backed securities to U.S. Central FCU and WesCorp FCU.
July 15 -
Rust Consulting is almost done delivering compensation checks to borrowers whose homes were illegally foreclosed upon in 2009 and 2010 by 13 of the countrys largest servicers.
July 15 -
ISGN CEO Ritesh Idnani explains how outsourcing fits into mortgage lending and servicing operations.
July 15
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Since May 1 rates have been rising, but one economist is advising credit unions not to be fooled into inaction against interest rate risk.
July 15 -
The worst first half for Treasuries in four years has wrung the unprecedented Federal Reserve stimulus out of bond prices as investors now look to low inflation and slow economic growth to contain yields.
July 15 -
Positive forecasts on 10-year-guaranteed agency commercial mortgage-backed securities do not change analysts expectations to see sluggish CRE loan growth.
July 12 -
We're hearing that some servicers dont believe they can modify a VA loan.
July 12
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Federal Reserve Bank of Philadelphia president Charles Plosser said the central bank should begin tapering its $85 billion in monthly bond buying in September.
July 12 -
A proposal by FASB could make GAAP accounting, but not statutory accounting, more volatile for mortgage insurers and title insurers.
July 12 -
JPMorgan Chase CEO Jamie Dimon warned investors that higher interest rates could lead to a dramatic reduction in the banks profits by eroding demand for mortgage refinancing.
July 12
