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MBIA Inc. started the year off much better this year than it did last year, with an adjusted pretax loss of only $20 million for the first quarter compared to $548 million in 2012.
May 10 -
Industry leaders participated in a roundtable discussing the latest trends in mortgage fraud and what lenders and servicers can do to detect illegal loan applications they receiver from a borrower.
May 10
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The refinancing boom is stressing lender capacity, according to a Federal Reserve governor, and it provides a partial explanation for the low level of purchase-mortgage originations.
May 10
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Mortgage Bankers Association president and CEO David Stevens is pressing hard for the agencies risk-sharing initiative to be done soon and on the front end.
May 10
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A former loan officer at Wilmington Trust in Delaware is facing jail time after pleading guilty this week to bank fraud.
May 9 -
Market data including findings from various mortgage delinquency reports are simultaneously pointing to a housing market recovery and emanating uncertainty.
May 9 -
Mary Armstrong pled guilty to all five counts of an indictment charging her with wire fraud, money laundering and conspiracy.
May 9
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Deutsche Bank AG sued Mexican real estate developer Urbi Desarrollos Urbanos SAB in New York for $61.1 million for defaulting on loans.
May 9 -
The Consumer Financial Protection Bureau needs to make the qualified mortgage rule more accommodating when it comes to rural banks and balloon mortgages.
May 9
