"The CFPB settled for less than 1% of what Wells Fargo should have paid for its fake-accounts scandal, a newly revealed memo indicates"
Housing starts fell slightly during the month, but housing permits posted an improvement from July
California-based lender saw first quarter 2013 mortgage loan originations soar 85% higher than originations during first quarter 2012.
(CNBC) Applications for U.S. home mortgages rose last week, fueled by demand for refinancing as interest rates fell to the lowest level of the year, data from an industry group showed on Wednesday.
Freddie Mac, the U.S.-owned mortgage- finance company, will pay $7 billion to the Treasury Department after reporting the second-largest quarterly net income in the company’s history.
Home price appreciation throughout the US has convinced many originators that they will be able to continue to make a good deal of business on home refinances.
More than 100 forecasters in a national survey said they expect the home values to reach an average of 5.4 percent year-over-year and that current Federal Reserve policies post some risk of re-inflating the housing bubble.
Bank of America and Wells Fargo may be headed back to court in New York. According to a news item on CNBC, the New York Attorney General is preparing a lawsuit against these two heavyweight mortgage lenders for multiple violations of the historical National Mortgage Foreclosure Settlement Agreement of 2012.