The Week Ahead: FSC to Hold Financial CHOICE Hearing
In the wake of President Trump’s executive order targeting Dodd-Frank and Consumer Protection, the Financial Services Committee (FSC) will hold a hearing to discuss the Financial CHOICE act. Committee Chairman [...]
Home Values Rise 6 Percent, Inventory Dips
New data shows inventory is down 5 percent over the year, with the biggest decreases in Minneapolis, Columbus, and Seattle. Home values are up 6.8 percent year-over-year, hitting $196,500 for [...]
SunTrust’s Income Boosted by Mortgage Servicing
SunTrust Banks, Inc. reported its Q1 2017 results. The bank posted a net income of $451 million, or $0.91 per average common diluted share. This is a three percent increase [...]
Critics Fear Crisis After Latest Exec Orders
Critics have begun to speak out after President Trump signed two executive orders calling for the review into “too big to fail” and a number of financial oversight entities. Some [...]
Delinquency Rates, Foreclosures Dip to Historic Lows
According to month-end data from March, the national delinquency rate has fallen to its lowest point in 11 years, hitting 3.62 percent. The number of non-current properties and the total [...]
Paper Proposes Plan for GSE Reform
A new white paper has proposed a detailed plan for reforming the nation’s GSEs. Offering a roadmap toward reform, the paper also outlines how to handle the transition to a [...]
Ocwen Responds to Suit from CFPB, 21 States
CFPB and 21 state's litigation against Ocwen created ripples through the industry . In a statement, Ocwen repsonded to the litigations. Accordiong to Ocwen, the suit's allegations are "inaccurate and [...]
Greenspan: Dodd-Frank Stifling Stock Market
According to former Fed Chairman Alan Greenspan, Dodd-Frank has caused stock prices to soar and rolling it back would have a positive impact on the economy. In an interview with [...]
Non-foreclosure Solutions Remain Strong
New data shows that 30,000 permanent loan modifications and 95,000 non-foreclosure solutions were completed for the month of February. The month saw only about 22,000 foreclosure sales. Around 90 percent [...]