Commercial real estate lender Capmark Financial Group confirmed weekend reports of its Chapter 11 bankruptcy filing as part of a reorganization after posting a $1.6bn second-quarter loss. The filing is part of a larger restructuring effort at Capmar...

The House Ways and Means Oversight Subcommittee will hold a hearing Thursday on the administration of the first-time homebuyer tax credit. Specifically, the subcommittee will review the circumstances surrounding the Internal Revenue Service (IRS)’...

Mortgage application volume continued to trend upward from last week, rising 7.5% in the week ending August 21 at the same time household activity in the application process jumped 12.1%. Total mortgage application volume rose 34.1% on an unadjusted...

As some of the major US banks awaited approval to repay government aid through the Troubled Asset Relief Program (TARP), one regulatory oversight panel is pushing for another round of stress tests to account for already worsening economic conditions.

Mortgage giant Freddie Mac named finance industry veteran Charles Haldeman Jr. as CEO and board of directors member more than four months after its former CEO, David Moffett, resigned.