Home » News & Media

News & Media

Lead contamination displaces over 1,000 Indiana residents

August 22, 2016

A low-income apartment complex in Indiana was left alone for years, even after reports surfaced that the area was contaminated by an old lead plant nearby. Now, the EPA is finally doing something about it, but the solutions will displace over 1,000 local residents.

Monday Morning Cup of Coffee: Flood insurance back in the news, and obsessing about a rate hike


Most of the 60,000 homes destroyed in last week’s historic flooding in Louisiana weren’t in high-risk flood zones, raising questions once again about the National Flood Insurance Program. Plus, what you can obsess over now that the Olympics are done.

Black Knight: Fewer homeowners refinancing


Rates are near all-time lows. This should be great news for homebuyers, but despite this, homeowners are not refinancing their homes. According to a new report from Black Knight Financial Services, nearly 9 million people aren’t taking advantage of this low-rate environment.

JPMorgan, FDIC, Deutsche Bank finalize settlement in WaMu mortgage suit

August 19, 2016

JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is finally over. The settlement closes the door on issues that date back to the financial crisis. After nearly a decade of back and forth battles, here’s what the parties agreed on.

Here are the best places to live for the adventure enthusiast


Great school system. Affordability. Job opportunity. These are pretty standard metrics for deciphering what are the hottest and best housing markets in America. But what adventure enthusiasts want is anything but standard. Outside Magazine decided to take a different path to discover what the top cities for adventure lovers would be.

RE/MAX: Housing market definitely cooling down


A new report from RE/MAX shows that the housing market is cooling down as home sales fell in July. Median home prices also dipped slightly, however one expert points out that the market still varies drastically from one region to the next.

S&P: State regulations squeeze mortgage servicing profits


A new S&P Global report outlines the challenges facing mortgage servicers, pointing out the likely additional cost and resource allocation. As the costs increase though, servicer compensation appears to be stagnant. HousingWire continues in-depth coverage of mortgage servicer costs and compensation. Click the headline to read more.

S&P: State regulations squeeze mortgage servicing profits


A new S&P Global report outlines the challenges facing mortgage servicers, pointing out the likely additional cost and resource allocation. As the costs increase though, servicer compensation appears to be stagnant. HousingWire continues in-depth coverage of mortgage servicer costs and compensation. Click the headline to read more.

S&P: State regulations squeeze mortgage servicing profits


A new S&P Global report outlines the challenges facing mortgage servicers, pointing out the likely additional cost and resource allocation. As the costs increase though, servicer compensation appears to be stagnant. HousingWire continues in-depth coverage of mortgage servicer costs and compensation. Click the headline to read more.

S&P: State regulations squeeze mortgage servicing profits


A new S&P Global report outlines the challenges facing mortgage servicers, pointing out the likely additional cost and resource allocation. As the costs increase though, servicer compensation appears to be stagnant. HousingWire continues in-depth coverage of mortgage servicer costs and compensation. Click the headline to read more.

S&P: State regulations squeeze mortgage servicing profits


A new S&P Global report outlines the challenges facing mortgage servicers, pointing out the likely additional cost and resource allocation. As the costs increase though, servicer compensation appears to be stagnant. HousingWire continues in-depth coverage of mortgage servicer costs and compensation. Click the headline to read more.

Household debt back to housing boom levels


As household debt closes in on its 2008 peak, some question if it is holding back homeownership, or creating a new subprime lending bubble. Capital Economics takes a deeper look into the subject.

Zillow: Rising home values continue to lower negative equity


A new report from Zillow shows the percentage of homes that are underwater went down once again in the second quarter. It also shows that the home’s location within the city may not actually matter, and there is a bigger factor at play.

New York officials want affordable housing…unless it’s inconvenient


New York City officials are very concerned about affordable housing, until the solution interferes with them. The city council unanimously voted down construction that could bring more affordable housing the middle and working class. Here’s why.

Fed strikes down San Fran affordable housing plan


At a time when California desperately needs affordable housing, city officials in San Francisco struggle to find a solution that will coincide with HUD’s standards. They recently passed affordable housing legislation, however federal housing authorities quickly struck it down.

ARMCO brings on new chief revenue officer

August 18, 2016

ARMCO hired industry veteran Dan Thoms as its new chief revenue officer. Thoms talks about his focus for the company, and the opportunity he sees going forward.

Florida attorney general fights alleged foreclosure fraud firm


A group of non-lawyers allegedly scammed homeowners out of their money under the guise of several different law firms. After 37 complaints, they are being investigated, with a court order filed against them.

Mortgage company president charged with stealing $3 million from Ginnie Mae


The founder and president of a now-defunct mortgage company could spend 20 years or more in prison for allegedly diverting nearly $3 million away from Ginnie Mae and into secret bank accounts for his own personal use.

Bloomberg blog: Fannie, Freddie headed for trouble


Washington is all talk and no action when it comes to Fannie Mae and Freddie Mac. The result of this inaction could be leading both companies to their graves unless something is acted on soon, at least according to this Bloomberg blog.

United Bankshares acquires Cardinal Financial Corporation


Continuing its string of acquisitions, United Bankshares announced it signed a definitive merger agreement with Cardinal Financial Corporation, a publicly traded financial services holding company. The acquisition comes with an added bonus. United will also gain George Mason Mortgage, a residential mortgage lending subsidiary of Cardinal.