A report from Mortgage Professional America. "Santander Bank LLC, a Spain-based global banking group with more than 145 million customers in the US, will have laid off more than 50 employees by the first week of April, according to a…
A weekend topic starting with the Texas Tribune. "When Kathy Whitmire ran for Houston mayor in 1981, helicopters were among the top sources of municipal strife. Residents of the Memorial neighborhood were irate over the daily noise of west Houston…
It's Friday desk clearing time for this blogger. "Auction.com reported in January that experts predict foreclosure and REO inflow will increase in 2020, with most of the influx coming for government-insured loans. 'Most in the default servicing industry expect government-insured…
A weekend topic starting with Sheila Bair, the former Chair of the FDIC. "It’s been said of academia that the fights are so vicious because the stakes are so small. The same could be said of fights over bank regulation.…
A report from the Wall Street Journal. "Cerberus Capital Management LP is bringing back a type of mortgage bond that went extinct during the financial crisis. A unit of the private-equity firm issued bonds Friday backed entirely by home-equity lines…
A report from the Winston-Salem Journal in North Carolina. "The Winston-Salem metropolitan statistical area experienced a sharp year-over-year increase in foreclosure filings during May, according to Attom Data Solutions. The five-county region had 187 filings, up 16.9% from a year…
A report from Market Watch. "The S&P CoreLogic Case-Shiller 20-city index rose a seasonally adjusted 0.1% in March, compared to February, and was 2.7% higher compared to a year ago. That was the slowest pace of annual growth since August…
Two reports from the Globe and Mail in Canada. "In a letter to the House of Commons finance committee, Evan Siddall, chief executive of Canada Mortgage and Housing Corp., offered an aggressive defence of the controversial mortgage qualification standard, saying…
A report from Bloomberg. "A decade ago, Angelo Mozilo was the face of the housing bust that preceded the financial crisis. Now the former chief executive officer of Countrywide Financial Corp. is predicting another drop, and for some homeowners it…
A weekend topic starting with CNBC. "With the U.S housing bubble far in the rearview mirror, home prices in most places have passed their pre-recession peak. In other spots, though, it's a different story. 'Some markets that experienced a huge…