Apr 16, 2013 4:42PM

Residential Loan Charge-offs Down 23 Percent from Q4, at Five Year Low

The Equifax March National Consumer Credit Trends Report presents more evidence that the home finance related credit picture is improving rapidly. The report shows that the level of home finance balances written off in the first quarter was down nearly 23 percent from that written off in the fourth quarter of 2012. Lenders wrote off $43.1 billion in so called severe derogatories in the first quarter, a five year low . These include loans for which foreclosures have been completed, loans where the...

Apr 16, 2013 11:25AM

Transactions Covered by the CFPB; FHA and VA Pricing Jump Explained; More on Assumability of Loan Types

Well, April 15 is past us now. The United States is dealing with the terrible tragedy in Boston, and our thoughts go out to that city. April 15 was also "tax day": in 2009, Americans paid $866 billion in taxes to the federal government with the top 1% of earners (those making more than $343,927) paying 37% of that figure. The bottom 50%, those who earned less than $32,396, paid $19 billion in taxes. Taxes do influence behavior - with the November election in California raising its state taxes, for...


Micro News

4:05 PM:

Revisiting Lows In Final Hour. Moderate Negative Reprice Risk

1:10 PM:

MBS Head Back To Opening Levels

9:26 AM:

ECON: Industrial Output Stronger Than Expected

9:22 AM:

Bonds Weaker Overnight, But Holding Ground In Domestic Trade

8:44 AM:

ECON: Consumer Prices Slightly Lower Than Expected

8:40 AM:

ECON: Multifamily Leads Housing Starts Higher

12:56 PM:

MBS Grudgingly Break Into New Highs. Positive Reprice Potential

10:06 AM:

ECON: NAHB Housing Market Index Lowest Since October

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Today's Comments

Jeff nelson-bungert

"Update to the Update: I wrote a sort of play by play if you will of my wife and my efforts to get a Hamp back in 2009. There were three articles submitted..."

Bryan/Mortgage Finance Group, Inc.

"I wonder how they treat consumer complaints about the CFPB, specifically how they have a director who has not obtained Senate approval as required? I'm..."

Frank Ceizyk

"Information and delivery of info has been outstanding. Saw some chat about CPFB interviewing employees about knowledgebase--I wonder when MND will become..."

Today's Q&A

"My husband is not on the mortgage or deed. "

"Is there any risk to me if the bank I'm borrowing from does not require Lender's Title Insurance?"

"Applying with more than one lender"