Wed, Nov 28 2012, 11:09 AM
Sales of new homes dipped slightly in
October to a seasonally adjusted annual rate of 368,000 units according to
information released this morning ...
Wed, Nov 28 2012, 10:35 AM
Despite
a sizeable increase in consumer debt overall household debt fell by $74 billion
in the third quarter of 2012, driven largely by a decrease ...
Wed, Nov 28 2012, 9:34 AM
Mortgage application activity was down during
the Thanksgiving holiday shortened week ended November 23. The Mortgage Bankers Association's (MBA's)...
Tue, Nov 27 2012, 11:58 AM
The
Federal Housing Finance Agency ( FHFA ) has released its House Price Index (HPI)
for August which shows a 0.7 percent increase in prices compa...
Tue, Nov 27 2012, 11:43 AM
Home prices extended their run of
increases to six months in September with a 2.1 percent bump in the S&P/Case
Shiller 10-City Index and a +3.0 p...
Tue, Nov 27 2012, 10:33 AM
Interthinx reported today that its Mortgage Fraud Risk Index dropped nearly 8 percent in the third quarter of 2012 and is five percent lower than in...
Tue, Nov 27 2012, 9:00 AM
Early data provided by Lender Processing Services (LPS) from
its upcoming Mortgage Monitor report
show that both national mortgage delinquencies a...
Tue, Nov 27 2012, 4:15 PM
Homeowners appear to be less than savvy shoppers when it comes to finding a
mortgage to purchase or refinance their homes.
A new study from Fann...
Mon, Nov 26 2012, 10:38 AM
Vacancy rates in
commercial and multi-family properties are expected to decline gradually over
the next year with an already tight multi-family r...
Wed, Nov 21 2012, 10:04 AM
A former executive of Lender Processing
Services, Inc. (LPS) pled guilty Tuesday to mail and wire fraud charges, admitting
her participation in a ...
Wed, Nov 21 2012, 9:37 AM
The Mortgage
Bankers Association (MBA) reports that mortgage applications activity dropped
slightly during the week ended November 16 compared to ...
Tue, Nov 20 2012, 12:38 PM
About a dozen mortgage lenders and
brokers have been put on notice about their potentially misleading
advertisements , especially those aimed at ve...
Tue, Nov 20 2012, 11:04 AM
Permits for new residential construction
were issued at a lower rate in October than in September according to the
monthly report issued on Tuesday...
Tue, Nov 20 2012, 5:17 PM
At a press conference Tuesday afternoon
New York State Attorney General Eric T.
Schneiderman announced he had filed a second complaint against a fin...
Mon, Nov 19 2012, 12:47 PM
The National Association of Builders'
(NAHB) measure of builder confidence took a big jump in November, rising to its
highest level since May of 200...
Mon, Nov 19 2012, 12:29 PM
Existing
home sales increased 2.1 percent on a seasonally adjusted basis in October
according to data released today by the National Association of...
Mon, Nov 19 2012, 11:32 AM
Applications
for mortgage refinancing encountered increased processing time again in October
when it took an average of 54 days to close a loan, a...
Mon, Nov 19 2012, 1:44 PM
Since
the signing of the agreement, nearly 310,000 homeowners have received monetary relief
under the National Mortgage Settlement according to a pr...
Fri, Nov 16 2012, 11:11 AM
The Federal Housing Finance
Agency (FHFA) released its 2012 Performance and Accountability Report (PAR)
on Thursday and announced that its finan...
Fri, Nov 16 2012, 9:54 AM
The HOPE Financial Dignity Center held its grand
opening yesterday and hosted Federal Reserve Chairman Ben S. Bernanke as its
speaker. The Center, ...
Fri, Nov 16 2012, 3:33 PM
Eric
T. Schneiderman, New York State Attorney General, told Wells Fargo Bank today that
it could not use Hurricane Sandy to excuse itself "from an...
Fri, Nov 16 2012, 1:33 PM
The U.S. Department of Housing and
Urban Development (HUD) said today that the capital reserve ratio of the Federal
Housing Administration's (FHA) M...
Thu, Nov 15 2012, 12:12 PM
Overall customer satisfaction with
mortgage lenders reached a six-year high in the J.D.
Power and Associates 2012 U.S. Primary Mortgage Originatio...
Thu, Nov 15 2012, 9:28 AM
In 2011 the Department of the Treasury, in an attempt to alleviate some of the problems borrowers were having trying to take advantage of its Making H...
Thu, Nov 15 2012, 9:15 AM
Parsing foreclosure data in search of
trends is becoming increasingly difficult as evidenced by the RealtyTrac's
October U.S. Foreclosure market Re...
Thu, Nov 15 2012, 2:45 PM
While the Census Bureau has noted the decline
in homeownership over the last few years, the latest edition of Fannie Mae's Housing Insights loo...
Thu, Nov 15 2012, 2:18 PM
The percentage of loans in
foreclosure dropped 20 basis points (bps) on a seasonally adjusted basis in the
third quarter of 2012 from the second q...
Thu, Nov 15 2012, 1:14 PM
Nearly three-quarters of the homes sold
in the U.S. in the third quarter of 2012 were affordable to a family that was
earning the U.S. median income...
Wed, Nov 14 2012, 9:54 AM
Mortgage activity increased during the
week ended November 9 as parts of the states most impacted by Hurricane Sandy in
late October were able to ...
Wed, Nov 14 2012, 5:06 PM
Freddie Mac's economists today used the analogy of a patient with a high fever to talk about the recent course of the housing market. In the Novembe...
Wed, Nov 14 2012, 3:26 PM
The housing boom and its accompanying
price appreciation significantly distorted buyer choices about mortgage
financing according to an Economic ...
Tue, Nov 13 2012, 12:48 PM
Despite
record low interest rates , the Mortgage Bankers Association's (MBA) Commercial
and Multifamily Originations Index fell during the third ...
Tue, Nov 13 2012, 9:59 AM
TransUnion, a big three national
consumer credit reporting agency, says that mortgage delinquencies of 60 days or
more duration declined in the ...
Tue, Nov 13 2012, 4:47 PM
Freddie Mac reported on Tuesday that
nearly a third of the borrowers who refinanced their loans in the third quarter
chose new loans with a short...
Mon, Nov 12 2012, 9:36 PM
The Monitor in charge of managing the
$25 billion settlement between mortgage servicing companies and federal
agencies working in conjunction with...
Sun, Nov 11 2012, 9:07 PM
Freddie Mac and Fannie May have announced new
requirements for managing law firms retained for bankruptcies and
default-related legal matters incl...
Fri, Nov 9 2012, 10:32 AM
Paul Kiel of ProPublica has published a serious critique of the Treasury Department's early oversight of the Home Affordable
Modification Progra...
Fri, Nov 9 2012, 9:36 AM
David H. Stevens, President and CEO of
the Mortgage Bankers Association criticized the federal government and
financial regulators as providing a ...
Fri, Nov 9 2012, 4:24 PM
The Departments of Treasury and Housing
and Urban Development released their October edition of the Obama
Administration's Housing Scorecard on Fr...
Fri, Nov 9 2012, 1:05 PM
Freddie Mac has declared a mandatory
suspension of evictions and foreclosures on homes secured by mortgages it owns
or guarantees which were affec...
Fri, Nov 9 2012, 1:02 PM
David H. Stevens, President & CEO of the Mortgage Bankers Association ( MBA ) today issued the following statement in reaction to the announcement b...
Thu, Nov 8 2012, 12:07 PM
Lender
Processing Services (LPS) notes a "marked upturn" in delinquency rates in its September
Mortgage Monitor released this
morning. The com...
Thu, Nov 8 2012, 11:51 AM
Fannie Mae in reporting net income of
$1.8 billion in the third quarter of 2012 from $5.70 billion in net revenue
compared to a net loss of $5.1 ...
Wed, Nov 7 2012, 11:29 AM
Lawrence
Yun , NAR chief economist, said the growth in home prices gets down to supply
and demand. "Housing inventories have been gradually trendin...
Wed, Nov 7 2012, 8:12 AM
The Mortgage Bankers Association (MBA)
said Hurricane Sandy , the powerful storm that slashed through much of the
northeast, also impacted mortgage...
Wed, Nov 7 2012, 4:30 PM
Americans continue to refinance with new
loans the same size or smaller than the loans they are replacing. Freddie Mac's third quarter refinance
a...
Wed, Nov 7 2012, 2:01 PM
Industry issued statements in response to last night's reelection of President Barack Obama.
The Mortgage Bankers Association (MBA), SIFMA and th...
Wed, Nov 7 2012, 1:50 PM
The convergence of expectations
about both rising home prices and rising rents may motivate more consumers to
purchase a home in the coming mont...
Tue, Nov 6 2012, 11:36 AM
The National Association of Home
Builders (NAHB)/First American list of improving markets jumped by a net of 22 metropolitan
areas (MSAs) this mon...
Tue, Nov 6 2012, 10:55 AM
Home prices increased 5 percent on an
annual basis in September according to data released this morning by
CoreLogic. The CoreLogic Home Price
Ind...
