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Recent moves to offer low down payment loans and cheaper mortgage insurance have been met with mixed reaction, as the opportunity for increased homeownership must be weighed against the potential of riskier lending practices.
February 10
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NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans.
February 10 -
A new report from Fitch Ratings found the percentage of loan principal a lender recorded as a loss after foreclosure was similar for agency and nonagency loans.
February 10 -
The Great Recession may have officially ended five years ago, but you wouldn't know it by looking at construction activity in Sonoma County, Calif.
February 10 -
The Arizona Department of Real Estate has disciplined a number of Tucson real estate agents for trust account irregularities and audit violations, and others for unlicensed real estate activity.
February 10 -
Former Congressman Barney Frank, co-author of the Dodd-Frank Wall Street Reform Act, is not opposed to changes in the eponymous legislation, but in some cases he thinks the rules should be tightened, rather than loosened.
February 10 -
The North Texas home market started the new year with another big jump in prices as median home sales prices rose 12% last month from a year ago.
February 10 -
Black and Hispanic Americans are twice as likely as white Americans to be denied a mortgage, according to a new report.
February 10 -
The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.
February 9
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Wilshire Bancorp in Los Angeles has agreed to buy Manhattan Bancorp's mortgage lending division.
February 9
