Taper will cause gradual rise in rates throughout 2014 – Freddie Mac
Freddie Mac is predicting a gradual rise in fixed mortgage rates in response to the Federal Reserve’s continuing reduction in its bond buys
Technology solutions to boost your business
As the mortgage world has become more complex, lenders and originators have come to rely more and more on third-party technology solutions to keep their businesses up and running. Cutting-edge software has gone, in the last couple of decade ...
Merrill Lynch must face $1 billion lawsuit
Bank of America's Merrill Lynch unit has failed to quash a lawsuit over shoddy mortgage bonds
Supreme Court to decide case on loan officer pay
The Supreme Court has agreed to hear a dispute over whether loan officers are exempt from regulations governing minimum wage and overtime pay
Ocwen mishandled loans, illegally foreclosed on properties – state probe
Ocwen Financial Corporation, already plagued with allegations that it has mishandled customers' loans, has agreed to pay $3.7 million to settle a Massachusetts probe that alleged it illegally foreclosed on properties to which it didn't hold ...
Amount spent on housing affects kids’ cognitive abilities -- report
The cognitive abilities of children in low income families are affected by how much their parents spend on housing, according to a new Johns Hopkins University study
Builder confidence still down, but rising
Builder confidence was up significantly this month, but most builders are still pessimistic about the market
Two more CFPB whistleblowers to be subpoenaed by House
A House subcommittee has voted to subpoena two more whistleblowers who allege discrimination and retaliation at the Consumer Financial Protection Bureau.
Government preparing to sue Citi for fraud -- report
The Justice Department is preparing a fraud lawsuit against Citigroup after talks over a settlement of up to $10 billion broke down, according to reports
Freddie Mac: Prospective home buyers overestimate required down payment
According to a recent study, prospective home buyers commonly believe they'll need a much bigger down payment than they actually will