President Barack Obama "commended" financial regulators for progress made since the Dodd-Frank Act became law in 2010 at a meeting on Monday between the president, top financial regulators, and top White House officials in the Roosevelt Room, the White House announced.

Two Colorado men were sentenced to federal prison time and ordered to pay more than $1 million each in restitution for their roles in scheme to defraud a Colorado bank that was a recipient of Troubled Asset Relief Program (TARP) funds, the Special Inspector General for TARP (SIGTARP), Christy Romero, and U.S. Attorney for the District of Colorado John Walsh announced recently.

Many housing and mortgage industry professionals believe that the overall outlook for their business in the next six months is "grim," according to the Collingwood Group Mortgage Industry Outlook Report.

The Federal Housing Finance Agency (FHFA) announced on Monday a 60-day extension for the commenting period for proposed rule to revise membership requirements for Federal Home Loan Banks back in September.

Despite having the third highest number of completed foreclosures of any state for the 12-month period ending August 31, 2014, Texas still had the 10th lowest foreclosure inventory percentage of any state for the month of August, according to CoreLogic.

Despite seeing a decline in average gross ROI and average gross profit on flipped homes, California still ranked fourth among the 50 states and District of Columbia in flipped homes as a percentage of total sales in Q2, according to RealtyTrac.

Freddie Mac followed the lead of its sister government-sponsored enterprise, Fannie Mae, and reported a serious delinquency rate of less than 2 percent for August in its recently-released August 2014 Monthly Summary.

Residential real estate valuations provider Pro Teck Services has announced the addition of Arny Epstein to its Strategic Advisory Board.

Fannie Mae's chief economist, Doug Duncan, weighed in on today's employment report from the Bureau of Labor Statistics, saying the GSE maintains its "forecast of solid economic growth" in response to the data released.

A federal judge earlier this week dismissed a bid by Wells Fargo Bank and Citigroup's mortgage unit to have a lawsuit against them thrown out accusing the lenders of violating federal law by inaccurately reporting information about short sales to credit agencies, subsequently hurting consumers' chances of obtaining loans.