News

Another state sues Wells Fargo by Ryan Smith
The fallout from the megabank's fake-accounts scandal continues
$13bn suit allowed to proceed as class action against Goldman Sachs by Francis Monfort
Shareholders allege the company failed to disclose conflicts of interest in pre-crisis mortgage transactions

Wells Fargo sees biggest mortgage drop in years by Ryan Smith
The country’s biggest mortgage lender saw its residential lending drop last quarter to the lowest level since the financial crisis
Payments from Fannie, Freddie help government to record budget surplus by MPA
The federal government ended up with a record December budget surplus last month, thanks in large part to payments from Fannie Mae and Freddie Mac
Rise in purchase originations, drop in refis ahead by MPA
The forecast for total mortgage originations in 2014 has been lowered by $57bn to $1.12 trillion for the year, according to data released Tuesday

Savitt blasts Warren on mortgage speech by Ryan Smith
The president of the National Association of Independent Housing Professionals had strong words for Sen. Elizabeth Warren Monday
New rules tough, but loans can still get done: Mortgage pro by Ryan Smith
With the Consumer Financial Protection Bureau’s new mortgage rules officially in effect, many originators worry that the regulations will stifle business and make it harder for consumers to get loans
Seven charged in mortgage scam by Ryan Smith
Seven people have been charged in Miami in connection with a $49 million mortgage scam in North Carolina

Should CFPB have more supervision over credit agencies?

Yes
No
Undecided