Headlines

After suffering a major drop in November 2015, existing-home sales turned the tables back toward favor with the largest monthly increase ever recorded in December.

As lenders gear up to attract new loan officers (LO), many have them are requesting unique or complex compensation plans. The real challenge lenders face is adapting their compensation plans to these requests, while complying with Consumer Financial Protection Bureau (CFPB) standards.

In an effort to help community banks and thrifts with their examination timelines, the Federal Deposit Insurance Corp., (FDIC) has approved an interim final rule to allow more established small institutions to qualify for the the 18-month exam cycle.

Online real estate marketplace Ten-X (formerly Auction.com) has announced that the company’s EVP, Rick Sharga, has been promoted to the position of chief marketing officer.

The U.S. Securities and Exchange Commission (SEC) has approved a settlement with Ocwen Financial Corp. for $2 million to resolve claims that the mortgage servicer misstated its financial results, according to an announcement from the SEC.

The firm's recent multi-billion dollar settlement to resolve claims of mortgage-backed securities fraud put a huge dent in their profits for the fourth quarter.

Residential construction was tricky in December 2015 as both housing starts and building permits posted disappointing numbers, but builder confidence remains elevated and year-end totals hit 2007 levels.

Concern over what will happen now that the Fed has raised the interest rate for the first time in a decade‒‒and with further increases on the way‒‒is surprisingly minimal. Read on to see which group of Americans are not particularity worried about future rate hikes.

Campbell Lewis Communications, an integrated marketing communications agency for financial services, information, and technology clients, announced Robert Visini in the role of Managing Director.

With multi-billion dollar mortgage-backed securities settlements mostly in the rear view mirror, Bank of America and Morgan Stanley both posted solid results in their respective Q4 and full year 2015 earnings statements released on Tuesday