Mortgage News
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In addition, state regulators in Washington and Oregon closed two more banks.
Two credit union failures brought to seven the number of financial institutions to fail last week.
Volume was higher than $93 billion in June.
Volume has risen each month since March.
The index jumped 20 basis points compared to a year earlier.
The index was calculated based on data from 11th District members.
The California congressman noted that Donovan took a delegation to Rio de Janeiro in March for an international housing conference.
Cardoza said Donovan needs to first concentrate on the foreclosure rate in the U.S. before getting involved in international housing problems.
The agency's Office of the Inspector General examined 20 FHA loans originated by Alacrity.
The report recommended that the agency's attorneys determine whether sufficient evidence exists to pursue legal action that could result in "civil enforcement action" totaling more than $3.3 million.
