Christine Layton

Investment

OIG Finds Freddie, Fannie Ignored Warnings about Appraisal Deficiencies on Mortgages

In a sign that lessons from the housing collapse have not been learned, investigators disclosed on...

Investment

Wells Fargo Sells Mortgage Servicing Rights to Ocwen

On Wednesday, Wells Fargo & Co announced it will sell residential mortgage servicing rights on $39...

Investment

Banks Embrace Interest-Only Home Loans to Wealthy Borrowers

Very few nontraditional mortgages that contributed to the financial crisis are still on the market, and...

Investment

Study Predicts Surge in Home Renovation Spending

A new Harvard University study finds that rising home sales, starts, and prices is fueling a...

Investment

Large Banks Lose Share of Mortgage Business to Smaller Lenders

Wells Fargo and JP Morgan Chase, the two largest mortgage lenders in the U.S., are feeling...

Investment

New CFPB Mortgage Rules Take Effect This Week

Beginning Friday January 10, consumers shopping for a mortgage will have greater protections to make sure...

Investment

HARP Changes Expand Options for Homeowners, HARP 3.0 Expected in 2014

When the federal Home Affordable Refinance Program (HARP) launched in 2009, millions took advantage of the...

Investment

Citigroup Paid $250 Million in Mortgage Settlement Case

The regulator of Fannie Mae and Freddie Mac announced on Thursday that Citigroup Inc. paid $250...

Investment

Today’s Mortgage Rates at Wells Fargo, December 31

Interest rates on the most popular home loan purchase and refinance loans showed little change at...

Investment

Regulators Exempt Some Higher-Priced Mortgage Loans from New Appraisal Requirements

Earlier this month, six federal regulatory agencies (the CFPB, Federal Reserve, FDIC, FHFA, OCC, and NCUA)...