Tue, Nov 6 2012, 6:39 PM
Reuters is reporting that the federal
government is investigating Wells Fargo & Company for its mortgage-related
practices including the originati...
Tue, Nov 6 2012, 6:16 AM
Loan modifications and other foreclosure
prevention measures directed at privately owned mortgages continued at a high
rate during both September an...
Mon, Nov 5 2012, 5:45 PM
Home ownership, which has already
dropped 2.7 percent since the start of the current housing crisis, is expected
to decline another 1 to 2 percentag...
Thu, Nov 1 2012, 8:39 AM
The Federal
Reserve's Senior Loan Officer Opinion Survey on Bank Lending Practices asked lending officers from 64 institutions for
information on ...
Thu, Nov 1 2012, 3:55 PM
A sellers' market appears to be emerging
in some areas in California. The
California Association of Realtors® (C.A.R.) said Thursday that favorab...
Thu, Nov 1 2012, 2:15 PM
When America spun into the recession the
default rate on mortgages also spiraled up from traditional norms of 0 to 2
percent to as high as 10 perc...
Thu, Nov 1 2012, 1:42 PM
Two federal agencies announced
on Thursday that they are working together to create the first comprehensive
repository of detailed mortgage loan in...
Wed, Oct 31 2012, 12:39 PM
Agreements were announced on Wednesday with
nine private insurance carriers that will make foreclosure alternatives much
quicker and easier for ...
Wed, Oct 31 2012, 10:58 AM
The Consumer Financial Protection Bureau
(CFPB) reposted one of its earliest blog postings today to help the victims of
Hurricane Sandy avoid the ...
Wed, Oct 31 2012, 10:50 AM
While completed foreclosures continued
to drop in September, CoreLogic's National
Foreclosure Report points out that they are still nearly tripl...
Wed, Oct 31 2012, 9:02 AM
Applications for refinancing declined
for the fourth straight week according to information from the Mortgage Bankers
Association's (MBA) Weekly Mo...
Tue, Oct 30 2012, 12:03 PM
Vacancy rates in the third quarter
declined from one year earlier for both homeowner properties and those held as
rentals according to the U.S. Cen...
Tue, Oct 30 2012, 10:20 AM
There is
continued good news about home prices from the S&P/Case-Shiller Home Price
Indices today. Both the 10-City and the
20-City Composites...
Tue, Oct 30 2012, 3:14 PM
Homeowners with Freddie Mac mortgages
will get some help if their homes were damaged or destroyed by Monday's massive
storm. The company announce...
Fri, Oct 26 2012, 11:44 AM
Home prices rose
0.2 percent in August compared to July on the Home Price Index (HPI) produced
by Lender Processing Services (LPS). The
LPS HPI i...
Fri, Oct 26 2012, 2:39 PM
Three different scenarios for predicting the level of
additional financial support the two government sponsored enterprises (GSEs)
Freddie Mac and F...
Thu, Oct 25 2012, 11:38 AM
The National Association of Home
Builders' (NAHB) Remodeling Market Index (RMI) for the third quarter hit 50 for
the first time since the same per...
Thu, Oct 25 2012, 10:30 AM
Sixty-two percent of major metropolitan
areas saw an improvement in foreclosure activity during the third quarter of
2012 with 141 of the nation's ...
Thu, Oct 25 2012, 10:21 AM
Pending home sales were flat in
September, inching up 0.3 percent on the Pending Home Sales Index (PHSI)
maintained by the National Association of ...
Thu, Oct 25 2012, 4:36 PM
Current housing recovery chatter centers around two main themes...
Wed, Oct 24 2012, 11:52 AM
Sales of new single-family houses were
up 5.7 percent in September to a seasonally adjusted annual rate of 389,000
units, but in announcing the inc...
Wed, Oct 24 2012, 10:23 AM
The Mortgage Bankers Association (MBA)
said this morning that mortgage application activity dropped sharply during the
week ended October 19. The...
Wed, Oct 24 2012, 9:12 AM
Home prices have increased 4.7 percent
over the past 12 months according to information released late Tuesday by the
Federal Housing Finance Agency...
Wed, Oct 24 2012, 3:09 PM
Bank of America (BOA) was sued in
Federal Court today for civil mortgage fraud in a complaint seeking civil
penalties as well as treble damages a...
Wed, Oct 24 2012, 1:43 PM
The
enormous numbers of foreclosures over the last six years have, of course, had
immediate impacts on the families who lose their homes. The ef...
Tue, Oct 23 2012, 5:26 PM
The Mortgage Bankers Association's ( MBA )
chief economist echoed much of what Freddie Mac's economists said this afternoon
as he hiked MBAs esti...
Tue, Oct 23 2012, 4:36 PM
Freddie Mac is revisiting its economic projections
for the remainder of 2012 and 2013 due to the announcement by the Federal
Reserve of its Maturi...
Tue, Oct 23 2012, 1:52 PM
The
recent crisis in housing with its attendant foreclosure issues has underscored
how different the laws relating to consumer protection, foreclo...
Mon, Oct 22 2012, 8:42 PM
As it does each month, lender Processing Services (LPS) has
released preliminary data from its forthcoming Mortgage Monitor report. The early dat...
Mon, Oct 22 2012, 3:38 PM
RealtyTrac, the Irvine California
company that tracks foreclosure filings, just issued a pre-election "exclusive
report on the health of local housi...
Mon, Oct 22 2012, 1:35 PM
The Mortgage Bankers Association ( MBA )
called on policymakers in Washington today to create a new position to
coordinate housing policy ; what MB...
Fri, Oct 19 2012, 11:27 AM
Existing home sales declined slightly in September,
but the national median home price rose as inventories tightened. The National Association of R...
Fri, Oct 19 2012, 10:49 AM
Lenders have made some improvement in
the eyes of California real estate agents in their handling of short sales , but
the process remains problem...
Thu, Oct 18 2012, 10:29 AM
The Harvard Joint Center for Housing
Studies is predicting strong gains in remodeling and home improvement activity
over the rest of 2012 and the ...
Thu, Oct 18 2012, 3:34 PM
The Mortgage Bankers Association ( MBA )
has sent a letter to the Federal Reserve, Office of the Comptroller of the
Currency and the Federal Depos...
Thu, Oct 18 2012, 3:17 PM
Six
years ago the Center for Housing Policy (CHP) and the Center for Neighborhood
Technology (CNT) published a study, A
Heavy Load: The Combined...
Wed, Oct 17 2012, 12:41 PM
Permits
for new single family houses jumped 11.6 percent in September. The seasonally adjusted annual rate rose from
a revised August estimate of ...
Wed, Oct 17 2012, 12:03 PM
The
Mortgage Bankers Association has sent a letter and supporting materials to the
Consumer Financial Protection Bureau providing its opinion on t...
Wed, Oct 17 2012, 10:27 AM
In
2011 the two government sponsored enterprises (GSEs) pursued deficiencies
following foreclosures in the amount of $2.1 billion but collected o...
Wed, Oct 17 2012, 8:48 AM
The Mortgage Bankers Association's (MBA)
Weekly Mortgage Applications Survey showed a slight increase in applications
for home purchases during th...
Wed, Oct 17 2012, 2:37 PM
While
the time to close a loan increased again in September, lenders are closing a
significantly higher portion of loans than they have in earlier m...
Tue, Oct 16 2012, 12:34 PM
The National Association of Home Builder's
(NAHB)/Wells Faro Housing Market Index (HMI) again edged closer to positive
territory this month, incre...
Tue, Oct 16 2012, 9:12 AM
A late-breaking WSJ story tonight covered a potential compromise on a government proposal to legislate loan approval guidelines, and it requires some ...
Tue, Oct 16 2012, 4:51 PM
Refinancing
through Freddie Mae and Fannie Mae jumped sharply in August as homeowners continued
to take advantage of record low rates. The
two gov...
Mon, Oct 15 2012, 5:10 PM
For the last few months the National
Association of Realtors® (NAR) has been making some general statements that tight
inventories of existing home...
Mon, Oct 15 2012, 1:49 PM
HOPE NOW , the voluntary, private
sector alliance of mortgage servicers, investors, mortgage insurers and
non-profit counselors, reported that its p...
Fri, Oct 12 2012, 11:33 AM
Two of the nation's largest banks
published third quarter earnings today and both credited their respective
mortgage businesses for part of their su...
Fri, Oct 12 2012, 10:48 AM
(This is
the first in what will be a series of articles
featuring mortgage companies and individual professionals who are giving back
to their comm...
Thu, Oct 11 2012, 11:20 AM
The Financial Crimes Enforcement Network
(FinCEN) has issued its Mortgage Fraud Update for the second quarter of 2012. The update is based on mort...
Thu, Oct 11 2012, 10:03 AM
Foreclosure
activity nationwide fell to the lowest level in September since almost the
beginning of the foreclosure crisis according to RealtyT...
