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The CFPB's mission to protect consumers is a "great one," but the "problem" is how the new regulator is going about its business, said Michael Benoit a partner with Hudson Cook LLP.
June 10 -
Bank of America's recent attempts to get some existing mortgage customers to refinance sounds eerily like a sales pitch from the bubble days of 2005.
June 10 -
The private mortgage insurers once again recorded the highest gains among Mortgage Industry Equity Composite stocks for Monday.
June 10 -
New rules show the importance for lenders own sakes to make sure their customers know what is going on.
June 10 -
The former corporate headquarters of Peregrine Financial Group, which was being held by a federal receiver, has been sold by GA Keen Realty Advisors.
June 10 -
Trepp and Rockport unveiled the new design of TreppPort 2.0 this month, an enterprise level commercial real estate solution that provides mobile capabilities for lending, asset management and surveillance.
June 10 -
While the Mortgage Grapevine is a place where mortgage originators can post all of their hard to fund transactions in an attempt to find a funding source, a recent post might be the most difficult of all.
June 10 -
Global commercial real estate advisory services provider Situs has expanded its bank and loan advisory group by adding two directors and two vice presidents.
June 10 -
The $120 billion-asset company has made a tender offer for certain debt of Union Planters Preferred Funding, a REIT subsidiary that it then plans to dissolve.
June 10 -
QuestSoft has designed an all-in-one mortgage compliance software that is compatible with the most popular loan origination systems.
June 10 -
Redfin said the reduction in offers on a month-to-month basis is because of a substantial increase in sales inventory during April.
June 10 -
The percentage of Americans who believe it is a good time to sell a home spiked in May to the highest level in three years.
June 10 -
Standard and Poors is warning that new conduit commercial mortgage-backed securities deals, particularly those issued in the second quarter, are riskier compared with other recent vintage transactions.
June 10 -
Veros Real Estate Solutions has updated its proprietary Pathway system to enable users to comply with the new appraisal data reporting rules required by the government-sponsored enterprises.
June 10 -
There was almost an even amount of cured loans and new notices of default in the Mortgage Guaranty Insurance Corp. delinquent loan inventory for May.
June 10 -
Despite home price increases taking place in many real estate markets this year, potential sellers are still reluctant to list their properties for sale, therefore creating tight inventories for prospective buyers.
June 10 -
Caliber Funding LLC, an originator which is also owned by Lone Star, and Vericrest Financial are being merged into a single operating entity.
June 10 -
A group of homeowners who sued the Wells Fargo and the real estate firm Long & Foster failed to prove that Wells Fargo funneled referral fees to Long & Foster, a Maryland jury found
June 10 -
Sen. Elizabeth Warren is taking the Federal Housing Finance Agency to task, criticizing the conservator of Fannie Mae and Freddie Mac for opposing short sale deals designed to keep original borrowers in their homes.
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