Tue, Jan 8 2013, 7:02 AM
A settlement ending the Independent
Foreclosure Reviews mandated by the Federal Reserve and Office of Comptroller
of the Currency (OCC) against a nu...
Mon, Jan 7 2013, 12:13 PM
The list of improving housing markets
posted by the National Association of Home Builders (NAHB) and First American
Title took a huge jump in Janu...
Mon, Jan 7 2013, 10:37 AM
Fannie Mae's Chief Economist pointed to
the turmoil over the fiscal cliff and debt ceiling for a sharp drop in consumer
confidence in December. F...
Mon, Jan 7 2013, 9:21 AM
Bank of America has reached agreement on
yet another outstanding legal matter involving defaulted mortgages, this time
with Fannie Mae. This agreem...
Fri, Jan 4 2013, 10:11 AM
Over a four year period ended in
December 2011 and representing the height of the banking crisis there were 414
failures of insured U.S. banks. O...
Fri, Jan 4 2013, 9:57 AM
Writers, researchers, and those interested in housing market data have a great new tool to work (or play) with, courtesy of the U.S. Census
Bureau ...
Fri, Jan 4 2013, 5:41 PM
One of the most
frequent concerns expressed in the survey was " unreasonably tight credit
conditions ", i.e. that some financial
institutions appea...
Thu, Jan 3 2013, 10:53 AM
Completed mortgage foreclosures have
declined 23 percent in the last year according to information released this
morning by CoreLogic. There were ...
Thu, Jan 3 2013, 9:33 AM
Two of the tax breaks that were considered by many to be
important to the continued resurgence of the housing markets survived the last
minute cha...
Thu, Jan 3 2013, 9:24 AM
As is always expected, mortgage applications
activity for the last two full weeks of 2012 fell dramatically . The Mortgage Bankers Association (M...
Thu, Jan 3 2013, 5:08 PM
Shortly before recessing for the holidays the Chairmen of
the House Committee on Oversight and Government Reform and of its Subcommittee on TARP, Fin...
Thu, Jan 3 2013, 4:55 PM
The two government sponsored enterprises (GSEs) Fannie
Mae and Freddie Mac have completed more than 2.5 million foreclosure prevention
actions s...
Wed, Jan 2 2013, 12:12 PM
The residential shadow inventory of distressed homes
continues to shrink according CoreLogic's monthly report for October. The improvement is acr...
Mon, Dec 31 2012, 10:11 AM
Fourteen large banks appear ready to
pony up another $10 billion to end allegations of foreclosure abuse. According to the New York Times , the s...
Mon, Dec 31 2012, 9:56 AM
The Senate
has confirmed Carol Galante as head of the Federal Housing Administration (FHA). The confirmation will remove the term "acting"
from h...
Fri, Dec 28 2012, 10:35 AM
Default rates for first mortgage loans
increased in both October and November according to the S&P Dow Jones
Indices and Experian. The increases d...
Fri, Dec 28 2012, 10:29 AM
The National Association of Realtors® (NAR) Pending Home Sales Index
reached the highest level seen in two and a half years in November after
po...
Thu, Dec 27 2012, 10:57 AM
The Department of Housing and Urban
Development and the U.S. Census Bureau had more good news for housing this
morning. Sales of newly constructed...
Wed, Dec 26 2012, 11:29 AM
The S&P/Case-Shiller Home Price Indices (HPI)
released this morning outstripped analysts expectations with strong increases
in home prices over ...
Fri, Dec 21 2012, 10:47 AM
Lender Processing Services has released
preliminary data from its monthly report on mortgage performance
statistics . Data for November was
deriv...
Fri, Dec 21 2012, 1:35 PM
The Office of
Comptroller of the Currency ( OCC ) reported today that 88.6 percent of the
mortgages serviced by selected national federal savings ...
Thu, Dec 20 2012, 12:16 PM
This is the second part of an article summarizing the chapter on Mortgages from a Center for Responsible Lending (CRL)research paper titled The State...
Thu, Dec 20 2012, 12:00 PM
U.S. house prices were up 0.5 percent on a seasonally adjusted basis from September to October and rose 5.6 percent from the level 12 months earli...
Thu, Dec 20 2012, 10:53 AM
Existing home
sales rose 5.9 percent in November to a seasonally adjusted annual rate of 5.04
units compared to a rate of 4.76 units in October. ...
Thu, Dec 20 2012, 10:08 AM
Following reports yesterday that Fannie Mae and Freddie Mac may have lost over $3 billion in the LIBOR scandal, FHFA issued the following statement: ...
Thu, Dec 20 2012, 3:17 PM
The share of
mortgages refinanced by Freddie Mac and Fannie Mae through the Home Affordable
Refinancing Program (HARP) dropped to 18.5 percent in Oc...
Wed, Dec 19 2012, 11:04 AM
Permits for privately owned residential construction
increased by 3.6 percent on a seasonally adjusted basis in November compared to
October. Acco...
Wed, Dec 19 2012, 9:35 AM
Mortgage
applications fell during the week ended December 14 with both refinancing
and purchase applications slowing as rates rose. The Mortgage B...
Wed, Dec 19 2012, 2:15 PM
The authors of a study just released by the University of
North Carolina's Center for Community Capital suggest that the current condition
of the Fe...
Wed, Dec 19 2012, 1:47 PM
The Senate
Committee on Banking, Housing, and Urban Affairs conducted a hearing on
Wednesday titled " Making Sense of Consumer Credit Reports ." Wi...
Wed, Dec 19 2012, 1:28 PM
Metrics of
loans originated through Ellie Mae's mortgage management software and network
were largely unchanged from earlier months according to its...
Tue, Dec 18 2012, 12:17 PM
Builders of new single family homes
continue to grow more confident about the market for their product according to
the National Association of H...
Tue, Dec 18 2012, 11:39 AM
Low mortgage rates will continue to aid the housing and mortgage
markets in the New Year as the Federal Reserve continues to purchase $40
billion...
Tue, Dec 18 2012, 5:10 PM
Apparently fearful of another bail out,
six Republican members of the House Financial Services Committee sent a letter
to the Obama Administration...
Tue, Dec 18 2012, 3:44 PM
The Mortgage Bankers Association (MBA)
has formed a task force to revisit its 2009 proposal for the future Freddie Mac
and Fannie Mae, the two gover...
Mon, Dec 17 2012, 8:56 AM
The
Center for Responsible Lending (CRL) has released a report on the recent
financial crisis and its impact on consumers.
The State of Lending...
Mon, Dec 17 2012, 1:52 PM
The National Credit Union Administration (NCUA) has brought suit against
J.P. Morgan Securities and Bear, Stern and Company over the failure of f...
Mon, Dec 17 2012, 1:36 PM
Homeowners affected by the October
hurricane that clobbered the northeast got some face-to-face help from
representatives of mortgage servicers and ...
Fri, Dec 14 2012, 9:31 AM
Much of an individual's ability
to secure credit depends on what the three national credit bureaus, Equifax Information Services, Experian
Informa...
Fri, Dec 14 2012, 2:36 PM
According
to the American Enterprise Institute, the Federal Housing Administration (FHA
is engaging in practices that are resulting in a high propor...
Fri, Dec 14 2012, 1:14 PM
Brian Moynihan, Bank of America's chief executive officer, said that everyone involved in the housing market needs to reset their expectation
that...
Thu, Dec 13 2012, 10:41 AM
Even after paying a $67 million
settlement to the SEC and being banned from the mortgage industry Angelo
Mozilo , founder and former president of C...
Thu, Dec 13 2012, 10:31 AM
Foreclosure filings in November were 19
percent below filings in November 2011, the 26 th consecutive month
that the year-over-year filings decrea...
Thu, Dec 13 2012, 2:08 PM
Profits of independent mortgage banks
and mortgage subsidiaries of chartered banks rose by more than $300 per loan in
the third quarter of 2012 t...
Wed, Dec 12 2012, 9:25 AM
Based on complaints from the Consumer
Financial Protection Bureau ( CFPB ) a California court has shut down the
operations of two alleged loan modif...
Wed, Dec 12 2012, 9:18 AM
Record lows in interest rates were
accompanied by an increase in mortgage refinancing activity during the week
ended December 7. The Mortgage Bank...
Wed, Dec 12 2012, 5:37 PM
TransUnion , one of the nation's
major credit reporting bureaus forecasted today that one of the primary
consumer credit variables -- mortgage de...
Wed, Dec 12 2012, 1:32 PM
Stephen Cross , Deputy Director of the Division of Federal
Home Loan Bank (FHLBank) Regulation of the Federal Housing Finance Agency
(FHFA) will ret...
Tue, Dec 11 2012, 11:06 AM
Commercial and multi-family mortgage
debt increased by $6.6 billion to $2.38 trillion in the third quarter, an
increase of 0.3 percent according t...
Tue, Dec 11 2012, 4:19 PM
Rental housing is a growing crisis according to the
Center for American Progress, but policymakers have made it "an afterthought in
the debate ov...
