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...
Tue, Dec 11 2012, 2:54 PM
Nineteen members of the House of
Representatives sent a letter today to President Obama and leaders of both parties
in the House and Senate urging t...
Mon, Dec 10 2012, 11:09 AM
Fannie Mae's National Housing Survey for
November shows increasing confidence among Americans about the nation's housing
market and the direction ...
Mon, Dec 10 2012, 9:40 AM
The
compensation paid to executive officers of the two government sponsored
enterprises ( GSEs ) Freddie Mac and Fannie Mae has generated a lot of...
Mon, Dec 10 2012, 5:34 PM
Every year, on a single night in January, the Department of Housing and
Urban Development (HUD) aided by a large number of community groups called
C...
Mon, Dec 10 2012, 3:30 PM
The Wall
Street Journal is reporting that the Obama Administration is planning to
name a permanent Director of the Federal Housing Finance Agenc...
Fri, Dec 7 2012, 12:26 PM
The Brookings Institution has published
two articles on tax reform, one of which should be of particular interest to
MND readers. The two briefs ar...
Fri, Dec 7 2012, 9:04 AM
The
focus was on fair lending this week as the Consumer Financial Protection Bureau
( CFPB ) submitted a report to Congress on its maiden year wor...
Fri, Dec 7 2012, 3:29 PM
The November edition of the Obama
Administration's Housing Scorecard notes that home values are continuing to
rise and home sales remained strong du...
Fri, Dec 7 2012, 3:14 PM
The Center for American Progress has
released a letter it, along with three other groups sent to the Federal Housing
Finance Agency (FHFA) regarding...
Thu, Dec 6 2012, 11:18 AM
Commercial and multifamily delinquency rates
declined during the third quarter according to the Mortgage Bankers Association
(MBA) Commercial/Mult...
Thu, Dec 6 2012, 9:26 AM
"The shift toward earlier disposition of distressed
properties continued in the third quarter as both lenders and at-risk
homeowners are realizing...
Thu, Dec 6 2012, 3:17 PM
Edward
J. DeMarco , Acting Director of the Federal Housing Finance Agency, told members
of SIFMA this afternoon that "The secondary mortgage market...
Thu, Dec 6 2012, 1:21 PM
The number of housing markets designated
as improving by the National Association of Home Builders (NAHB) took a huge
jump in December, increasin...
Wed, Dec 5 2012, 10:37 AM
The Mortgage Bankers Association (MBA) weighed in on the future of the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a new w...
Wed, Dec 5 2012, 9:42 AM
Refinancing
accounted for much of the increase in mortgage application activity during the
week ended November 30 and the share of that refinancin...
Tue, Dec 4 2012, 12:45 PM
Earnings
of Federal Deposit Insurance Corporation (FDIC) insured institutions rose to
$37.6 billion in the third quarter of 2012, an increase of $...
Tue, Dec 4 2012, 10:48 AM
Home prices increased on an annual basis for the eighth
consecutive month on the CoreLogic Home Price Index (HPI) for October. The nationwide index...
Tue, Dec 4 2012, 2:05 PM
Families in areas hard-hit by
Hurricane Sandy will get a little extra help if they qualify for rental
assistance . The Department of Housing
and ...
Mon, Dec 3 2012, 11:50 AM
There was a dramatic drop in the rate
of completed foreclosures in October according to CoreLogic's National Foreclosure
Report issued on Monday; ...
Mon, Dec 3 2012, 11:37 AM
Both Freddie Mac and Fannie Mae
announced today that they are suspending evictions of foreclosed single family
and 2-4 unit properties during the ...
Mon, Dec 3 2012, 10:11 AM
As MND reported on Friday ,
this is essentially an immigration bill, a controversial one, that, as
originally filed, would grant an increased numbe...
Mon, Dec 3 2012, 4:56 PM
The Federal Reserve Bank of New York held a workshop
today on The Spread between Primary and Secondary Mortgage Rates : Recent Trends and Prospects...
Mon, Dec 3 2012, 3:36 PM
About $13 billion of residential mortgages
originated in 2012 could contain fraudulent information , a $1 billion increase
over estimates for bot...
Mon, Dec 3 2012, 2:53 PM
Results from a recent on-line study indicate that not all
consumers are wedded to traditional lenders when it comes to their mortgage
needs. Eight...
Fri, Nov 30 2012, 10:48 AM
The number of state licensed mortgage
companies registered with the National Mortgage Licensing System (NMLS) decreased
by 2.3 percent on an annual ...
Fri, Nov 30 2012, 5:23 PM
The House of Representatives passed HR 1629 ,
the STEM Jobs Act of 2012 on Friday afternoon even as opposition to the funding
of the measure was ge...
Thu, Nov 29 2012, 10:44 AM
Pending home sales rose sharply in
October according to the Pending Home Sales Index (PHSI) released Thursday by
the National Association of Real...
Thu, Nov 29 2012, 10:35 AM
Nearly three-quarters of a million households have refinanced
through the Home Affordable Refinancing Program since the program's parameters
were ...
Thu, Nov 29 2012, 9:23 AM
Three financial
services and consumer advocacy groups have joined to send letters to the House
and Senate urging them to preserve the temporary tax...
Thu, Nov 29 2012, 9:04 AM
DeMarco said he was cautiously optimistic that the signs of stabilization -- and in some places, strength -- that have started to emerge in certai...
Thu, Nov 29 2012, 1:46 PM
The maximum dollar
limits for conforming mortgage loans will remain unchanged for Freddie Mac and
Fannie Mae in 2013 . The GSEs' conservator,
the...
Wed, Nov 28 2012, 12:14 PM
The Federal Housing Finance Agency's
Office of Inspector General ( FHFA-OIG ) submitted its fourth semi-annual report
to Congress on Wednesday. The...
