Headlines

Although mortgage interest rates continue to remain at historical lows, the benefits of this current environment are not being taken advantage of by borrowers due to one pressing factor in the market: surging home price increases.

Fannie Mae and Freddie Mac are set to release its first quarter earnings statement this week, and after rough weeks of earnings so far, many in the industry are fearing the worst concerning the profitability of GSE. Is yet another taxpayer-funded bailout upon us?

The House Financial Services Committee unanimously passed a bill this week that lifts certain restrictions placed on insurance companies by the federal government and gives states more flexibility to license and regulate private flood insurance.

An independent monitor for the National Mortgage Settlement reported that Ocwen has fulfilled its consumer relief obligation under the NMS. But the news wasn't all good.

While nearly everyone was expecting weak GDP growth for the first quarter, the advance estimate reported weaker growth than what was expected.

A coalition consisting of more than 160 labor unions, civil rights groups, and other advocates has written a letter to CFPB Director Richard Cordray calling for the Bureau to go take its proposed rule to ban arbitration clauses that prevent consumers from bringing class-action lawsuits even further.

Ernst Publishing Company, a provider of technology and closing cost data for the real estate and home finance industries for the past 27 years, announced Cisco Gonzalez as Director of the Project Management Office. In his new position, Gonzalez will manage project management company-wide.

eMortgage Logic (EML), a unit of Assurant Mortgage Solutions, recently announced Anthony Di Staulo as its new Director of Sales.

StreetLinks Lender Solutions, a unit of Assurant Mortgage Solutions, recently hired Charles Szabo as VP of Operations and Quality Control. StreetLinks also appointed Samir Agarwal as Director of Vendor Administration.

Assurant Field Asset Services, a unit of Assurant Mortgage Solutions, appointed Warner Mizell as VP of Supply Chain Operations.