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A state appeals court affirmed a lower court ruling allowing NCUA to foreclose on 17 homes funded by the failed Michigan credit union Huron River Area FCU in two South Florida developments financed through a get-rich-quick scheme known as "Millionaire University."
May 10 -
The Consumer Financial Protection Bureau has hired Chris Peterson from the University of Utah, adding a formidable critic of mortgage securitization practices and payday lending to the young agency's staff.
May 10
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The average primary market rate for a 30-year fixed-rate mortgage during the week ending May 10 set a new record low a basis point lower than the previous week’s at 3.83%.
May 10 -
Before implementing a mortgage tech strategy, lenders and servicers need to execute a hardware strategy.
May 10
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New findings show foreclosure problems continue to plague the nation’s 100 largest metro areas.
May 9 -
SpringLeaf Finance Corp., which is partly controlled by the U.S. government, has entered into another round of layoffs, and may have to file for bankruptcy protection.
May 9 -
The tool provides investors with property-level information to make business decisions regarding which properties to possibly buy and convert into rental units.
May 9 -
Competition is heating up among banks in the government's revised Home Affordable Refinance Program, which has helped spark a refi boom and contributed to strong mortgage profits at most banks.
May 9 -
Freddie Mac has picked a former chief executive of an online securities brokerage firm to be its new CEO, according to published reports.
May 9 -
The Modification Team LLC, a Lawrenceville, Ga.-based mortgage business that offers services related to property sales, modifications and notaries, was issued a cease-and-desist order from the state’s Department of Banking and Finance.
May 9
