A second-appraisal requirement that had been issued by the Federal Housing Administration at the height of the housing crisis has been repealed for loans that exceed $417,000 in declining markets and for cash-out refinances. A second-appraisal...

Eight federal regulatory agencies today released a final model privacy notice form that will make it easier for consumers to understand how financial institutions collect and share information about consumers. Under the Gramm-Leach-Bliley Act...

Federal Housing Administration Commissioner David Stevens said Saturday that concerns the agency is headed for the same financial trouble that snared Fannie Mae, Freddie Mac and the subprime sector are unwarranted. Stevens made the remarks...

According to the Examiner.com in Chicago (full article) "It is believed that Cage bought the homes specifically due to their spooky past. Apparently he thought it was a good idea at the time or else he would not have done...

NovaStar Financial Inc. greatly reduced its third-quarter loss compared with the same period last year, but its shareholders’ deficit reached more than $1 billion, and the company said its “ability to continue as a going concern” is in doubt. In...