Stories from the housing crash: How the industry survived and thrived

A decade ago, the housing market collapsed and Wall Street sputtered. It was the beginning of a decade of deep anxiety that still lingers today.

4 alternative housing finance structures that could work

A Congressional Budget Office report says that over the next 10 years it will cost Uncle Sam $19 billion to cover the cost of some $12 trillion in mortgage-backed securities Fannie Mae and Freddie Mac are expected to create.

Lessons from the epic economic meltdown, 10 years later

This month is the 10-year anniversary of the global economic collapse. Lehman Brothers filed for bankruptcy on Sept. 15, 2008, and the world changed forever.

Everything a first-time homebuyer needs to know to seal the deal

Affordability is at an all-time low for starter homes, making things tough for prospective first-time homebuyers to cross over from renting to owning.

Daily interest: A festering sore in consumer loan markets

What do home mortgage loans have in common with every other type of consumer loan? They all incur a monthly or daily interest charge. Here are several important things you and your clients need to know about these interest charges.

Wells Fargo blames 400 improper foreclosures on computer glitch

Wells Fargo improperly foreclosed on approximately 400 homes where the homeowner should have been eligible for a loan modification, according to the company’s SEC filings on Friday. The company blamed the error on a computer glitch that occurred with an underwriting tool.

Mortgage rates leap to fourth highest level of the year

Mortgages rates rose for the second consecutive week, according to the latest Primary Mortgage Market Survey from Freddie Mac. 

Wells Fargo to pay $2.09B in subprime mortgage settlement

Banking giant Wells Fargo agreed Wednesday to pay $2.09 billion in fines for originating subprime mortgages that it knew contained misstate income information in the run-up to the financial crisis.

Freddie Mac reports $2.4B in comprehensive income in Q2

Freddie Mac posted a comprehensive income of $2.4 billion in the second quarter of 2018, up from $2.2 billion it posted in the first quarter of 2018.

Newport Beach couple charged with $5.9M real estate fraud

A Newport Beach couple is facing money laundering and grand theft charges on allegations that they stole in excess of $5.9 million in a real estate fraud scheme.