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...
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...
