Lake Las Vegas shows early signs of a revival, indicating that even some of the country's hardest-hit developments are near the end of a purging process.

Bank of America's website was slow or entirely unavailable for most users on Tuesday, in an outage that the bank hadn't explained by the end of the day.

The Federal Reserve took aim at the nation's wobbly housing market last week with its biggest stimulus action in two years, but that firepower is doing little to lower mortgage rates or make home loans more available for Americans. Read full article >>

Fresh home sales and housing starts data Wednesday are expected to show continued gains by the sector, which has been steadily improving despite the bumpy economy.

Coca-Cola Heirs Lose $37 Million in Foreclosure Crisis<br/>http://www.cnbc.com//id/49075732

Our FICO Labs team has taken a fresh look at national distribution of FICO® 8 Scores. With a couple of interesting exceptions, we found that consumer scores are continuing their slow return to a pre-recession pattern. The first two years of the recession (2008-2009) moved the scores for millions of people into the lowest (300-499) and the highest (800-850) segments of the FICO® Score range. Correspondingly fewer people had scores in the middle range (600-749). In an earlier post, I explained why these separate shifts happened. This flattening of the distribution curve peaked in 2009-2010 and has since slowly been reversing. However, the latest numbers suggest two unusual patterns in this recovery. First, the quantity of people with very low scores has continued to drop and is now well below pre-recession volumes. In 2005, 14.6% of consumers had scores at the bottom of the score range (300-549). In 2012, the corresponding figure is 14.2%, which is 0.4% lower. This means that about 800,000 fewer people have such low scores today. At the highest part of the score range (800-850), we see a similar pattern. Since 2010, the quantity of people in this range has continued to increase instead of returning to pre-recession levels. The percentage of people (18.6%) in this scoring segment is now 0.7% higher than it was in 2010, representing approximately 1.4 million more people. What's going on here? We don't have enough data to know for sure. But if I were to speculate, I would suggest that both trends reflect the severity of the recent recession. At the low end of the score range, while some borrowers improved their financial habits and began realizing better scores, many others have likely dropped out of the credit market entirely. At the high end of the score range, I suspect that large numbers of people continue to protect their finances by doing things such as limiting their revolving debt and postponing new purchases that would require financing. Although...

On October 7, 2012, Freddie Mac and Fannie Mae (the GSEs) will update the Uniform Collateral Data Portal® (UCDP®) to implement enhancements for appraisal submissions to both GSEs.

WASHINGTON (Reuters) - The volume of home lending dropped 10 percent last year to the lowest level since 1995, highlighting the government's uphill battle to prop up the still-struggling housing sector.

Washington, Sept. 18, 2012 -- Federal Deposit Insurance Corp. Chairman Martin Gruenberg and U.S. Comptroller of the Currency Thomas Curry will lead the list of speakers at the American Bankers Association's Annual Convention held Oct. 14-16 in San Diego.

Mortgage Lending Dropped 10% in 2011, Bank Regulator Data Shows Businessweek Lending for mortgages dropped in 2011 as refinancings declined and many borrowers relied on loans backed by the Federal Housing Administration, according to bank regulators' 2011 data on housing loans. "The total number of originated loans of all types ...

Justin T. Hilley of HousingWire.com reports that audits done by Quality Mortgage Services ("QMS") "indicate that many demands by financial institutions that lenders buy back mortgages are based on fraudulent appraisal schemes in an attempt to increase the success of repurchase claims." According to Hilley's report, QMS "believes some appraisers are systematically being pressured to use a... Continue Reading

ANN ARBOR, Michigan (Reuters) - Just days after the Federal Reserve launched a third round of bond-buying to boost the lackluster recovery and bring down unemployment, top Fed policymakers on Tuesday disagreed sharply over whether it would work.

Economy Struggles to Maintain Lackluster Growth.

Citigroup Executives Depart After Mortgage-Fraud Case Businessweek Two Citigroup Inc. (C) executives are departing after federal prosecutors named them earlier this year in a mortgage-insurance fraud case that resulted in a $158.3 million settlement and an admission of wrongdoing by the bank. Jeffery Polkinghorne, a senior ...

Bill Gross, the co-Chief Investment Officer of Pimco, and manager of the world's largest bond funds, has weighed in on recent central bank action with a scathing tweet.

The SEC is conceding it has no idea when it will finish the rules required by the 2010 Dodd-Frank financial regulatory overhaul.

(Reuters) - Fannie Mae agreed to pay Bank of America Corp about 20 percent more than it was contractually obligated to last year in order to transfer the servicing of troubled loans to another firm, a report by a watchdog found.