Tue, Aug 14 2012, 10:32 AM
Americans opened new credit card
accounts at an increased rate during the second quarter of 2012. The balances on those cards however remained near
...
Tue, Aug 14 2012, 10:27 AM
A new face-to-face counseling
requirement for seniors seeking a reverse mortgage loan is no longer operative in
Massachusetts after surviving on...
Mon, Aug 13 2012, 5:28 PM
Both Fitch Ratings and the Mortgage
Bankers Association have reacted to the Consumer Financial Protection Bureau's (CFPB)
proposed rules for mortga...
Fri, Aug 10 2012, 10:19 AM
The
Consumer Financial Protection Bureau (CFPB) is requesting comments on two sets
of proposed rules governing the operation of mortgage servicers ...
Fri, Aug 10 2012, 1:41 PM
Peer-to-peer lending is hardly a new
concept but it went high-tech in 2005 when Prosper.com opened a market place to
link people who had money with ...
Thu, Aug 9 2012, 12:48 PM
The one-to-four family residential
delinquency rate shot up 18 basis points during the second quarter to a seasonally
adjusted rate of 7.58 percent ...
Thu, Aug 9 2012, 9:48 AM
Foreclosure activity appears to finally
be on a downward track, although the road is still a rough one in many states. The RealtyTrac U.S. Foreclo...
Thu, Aug 9 2012, 9:32 AM
Despite what it termed "decidedly good
news over the past quarter" regarding house prices, Frank Nothaft, Chief
Economist of Freddie Mac said today ...
Wed, Aug 8 2012, 12:23 PM
The second quarter saw the second
consecutive decline for serious (over 60 days) mortgage delinquencies which
stood at 5.49 percent at the end of ...
Wed, Aug 8 2012, 9:28 AM
The volume of mortgage applications both
for purchasing and refinancing declined slightly during the week ended August
3. The Mortgage Bankers ...
Wed, Aug 8 2012, 3:28 PM
The Federal Housing Finance Agency (FHFA)
will post a notice in the Federal
Register on Thursday announcing that it was open to input from any per...
Wed, Aug 8 2012, 3:25 PM
Fannie Mae joined Freddie Mac this
morning in declaring an increased second quarter profit and announcing it would
not request a draw from the ...
Tue, Aug 7 2012, 12:25 PM
MetLife, Inc. has agreed to pay $3.2
million to the Federal Reserve as a monetary sanction for failing to adequately
oversee operations of its sub...
Tue, Aug 7 2012, 11:41 AM
CoreLogic reported this morning that
June home prices nationwide were up 2.5 percent compared to those one year
earlier. The company's Home Pric...
Tue, Aug 7 2012, 11:01 AM
Freddie Mac announced this morning that it will not require
any infusion of cash from the U.S. Treasury following its profitable second
quarter op...
Tue, Aug 7 2012, 4:18 PM
Refinancing through the revised Home Affordable Refinancing
Program (HARP 2.0) grew to a 33 percent share of all Fannie Mae and Freddie Mac
refinanc...
Tue, Aug 7 2012, 3:16 PM
Results
of the Federal Reserve's July Senior
Loan Officer Opinion Survey on Bank Lending Practices were released on
Tuesday. The survey, in whic...
Mon, Aug 6 2012, 1:35 PM
The number of metropolitan statistical area
(MSA) housing markets designated as 'improving" by the National Association of
Homebuilders (NAHB) decl...
Fri, Aug 3 2012, 12:09 PM
FHA lenders in Massachusetts have a new
set of rules governing the writing of reverse mortgages. As of right now, however, there is no clear
inform...
Fri, Aug 3 2012, 11:21 AM
Prompted by what it called housing
shocks - delinquencies, foreclosures, and a precipitous decline in housing
prices - Fannie Mae recently underto...
Fri, Aug 3 2012, 9:57 AM
The Secretary of Housing and Urban
Development (HUD) and the state attorney general who handled much of the negotiation
leading to last spring's $2...
Fri, Aug 3 2012, 9:44 AM
In
competing press releases late Thursday Lender Processing Services , Inc. (LPS)
and the Office of the Missouri Attorney General announced the s...
Fri, Aug 3 2012, 4:39 PM
The Administration's Monthly Housing
Scorecard for July contained little in the way of new information. The Scorecard is a summary of housing data
...
Fri, Aug 3 2012, 2:34 PM
Late Tuesday there was a bit of sparring between
Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency and
Treasury Secretary...
Wed, Aug 1 2012, 9:30 AM
Ever wonder why it takes the government
so many words to say...maybe not so much?
So did a visitor to the Consumer
Financial Protection Bureau'...
Wed, Aug 1 2012, 9:19 AM
Applications for refinancing reached the
highest level in over three years last week despite weakness in the government
backed sector of that busine...
Wed, Aug 1 2012, 4:50 PM
Borrowers who refinance their loans
through Freddie Mac continue to eschew cash out refinancing , tending instead to
reduce either the amount of th...
Tue, Jul 31 2012, 12:06 PM
Commercial and multi-family mortgage
lending rose in the second quarter of 2012 due, the Mortgage Bankers
Association (MBA) said, to low intere...
Tue, Jul 31 2012, 10:45 AM
The home price picture showed further improvement
with the release this morning of the S&P/Case-Shiller Home Price Indices
(HPI) for May. Both th...
Tue, Jul 31 2012, 9:33 AM
The pace of foreclosure activity in the
U.S. remained unchanged in June with 60,000 completed foreclosures, the same
number as in May but 25 perce...
Tue, Jul 31 2012, 4:08 PM
Freddie Mac said today that it would
be opening up refinance opportunities to borrowers who are not underwater on
their existing Freddie Mac mortgag...
Tue, Jul 31 2012, 3:30 PM
Edward J. DeMarco , Acting Director of
the Federal Housing Finance Agency today again stated his opposition to
allowing Fannie Mae and Freddie Mac t...
Mon, Jul 30 2012, 9:58 AM
California Lieutenant Governor Gavin
Newsom blasted a Washington trade group on Friday for making what he called threats
against local officials i...
Fri, Jul 27 2012, 9:36 AM
The National Association of Homebuilders
(NAHB) said today that their Remodeling Marketing Index (RMI) had slipped in
the second quarter, probably a...
Fri, Jul 27 2012, 1:57 PM
Vacancy rates in both rental and homeowner properties declined
in the second quarter of 2011 the U.S. Census Bureau said on Friday. Vacancy rates f...
Thu, Jul 26 2012, 10:25 AM
Lender Processing Services (LPS) has released
preliminary findings from its June Mortgage
Monitor Report showing an increase in the national mortg...
Thu, Jul 26 2012, 10:14 AM
Pending homes sales declined in June,
slipping 1.4 percent on the Pending Home Sales Index released this morning by
the National Association of Rea...
Thu, Jul 26 2012, 10:10 AM
Foreclosure rates rose
during the first half of 2012 in many of the largest U.S. metropolitan areas
when compared to the second half of 2011.
Rea...
Wed, Jul 25 2012, 9:59 AM
Applications to refinance home mortgages
were higher last week than at any time in over three years according to the
Mortgage Bankers Association ...
Wed, Jul 25 2012, 3:54 PM
Senator Jeff Merkley (D-OR) has proposed
a new, limited term program to assist underwater homeowners unable to refinance
traditionally or through ...
Wed, Jul 25 2012, 2:19 PM
In his article Clearing the Mortgage
Market Through Principal Reduction: A
bad Bank for Housing (RTC 2.0), Adam
J. Levitin describes the real es...
Wed, Jul 25 2012, 1:21 PM
Sales of new homes dropped significantly
in June according to information released this morning by the U.S. Census
Bureau and the Department of Hou...
Tue, Jul 24 2012, 12:35 PM
There was general agreement on the
increase in home price levels in May in data released from by two different sources
this morning. The Federal Ho...
Fri, Jul 20 2012, 1:21 PM
What if 401(k) accounts, the popular
employer-based retirement savings plans were reordered to provide an incentive
and a vehicle for providing home...
Thu, Jul 19 2012, 11:32 AM
Existing-home sales declined 5.4 percent on a seasonally adjusted annual basis to 4.37 million from an upwardly-revised 4.62 million in May. Econom...
Thu, Jul 19 2012, 3:06 PM
In June the Government Accountability
Office (GAO) issued a report critical of outreach undertaken by mortgage
servicers to inform and enroll borr...
Thu, Jul 19 2012, 2:31 PM
Barry Rutenberg, Chairman of the National Association of Home Builders (NAHB) was among witnesses appearing today before a hearing of the House Commit...
Wed, Jul 18 2012, 12:16 PM
Housing starts and housing completions
were both up in June according to new residential construction data released
this morning by the U.S. Census...
Wed, Jul 18 2012, 9:50 AM
Applications for refinancing surged
during the week ended July 13 sending mortgage application volumes to " near
peak levels for the year " accordin...
Wed, Jul 18 2012, 4:36 PM
The Federal Reserve Bank of Boston
has released a Public Policy Discussion Paper by two of its economists titled Shifting
Confidence in Homeownersh...
