Wed, Aug 22 2012, 8:44 AM
Rising interest rates dragged
refinancing applications down 9 percent during the week ended August 17
according to the Mortgage Bankers Associat...
Tue, Aug 21 2012, 12:01 PM
Default rates for most types of consumer
loans continued to ease during July according to the S&P/Experian Consumer
Credit Default Indices released...
Tue, Aug 21 2012, 3:48 PM
The Federal Housing Finance Agency
( FHFA ) announced today that Freddie Mac and Fannie Mae (the GSEs) are revising
their short sale guidelines...
Fri, Aug 17 2012, 11:38 AM
In
a move that virtually ends any hope that Freddie Mac and Fannie Mae will return
to viability, the Department of the Treasury and the Federal ...
Fri, Aug 17 2012, 10:30 AM
The number of companies and mortgage
loan originators (MLOs) licensed through the National Mortgage Licensing System
(NMLS) increased by 6 percen...
Fri, Aug 17 2012, 10:09 AM
The Financial Crimes Enforcement Network ( FinCen )
issued an advisory aimed at helping residential mortgage loan originators
(RMLO) and non-bank ...
Fri, Aug 17 2012, 7:02 PM
New regulations were introduced today by
the Consumer Financial Protection Bureau
( CFPB ) intended to bring greater accountability to the mortgag...
Thu, Aug 16 2012, 10:39 AM
Overall, residential construction
continued to improve in July, although the component numbers on permits,
starts, and completions continue to more ...
Thu, Aug 16 2012, 1:20 PM
An agency set up by county officials in
San Bernardino County, California were scheduled to meet Thursday morning to
determine whether the county ...
Thu, Aug 16 2012, 1:13 PM
Permits for remodeling were down six
percent in June from one month earlier BuildFax said this morning. Remodels authorized by permit in the U.S.
...
Wed, Aug 15 2012, 12:30 PM
Fifty-eight
percent of mortgages that closed in July were loans for the purpose of
refinancing , up from 54 percent in June according to Ellie Mae'...
Wed, Aug 15 2012, 11:44 AM
Builder confidence as measured by the National
Association of Home Builders ( NAHB )/Wells Fargo Housing Market Index ( HMI )
increased for the fou...
Wed, Aug 15 2012, 10:20 AM
The volume of mortgage applications for
both purchasing and refinancing fell last week according to the Mortgage
Bankers Association's (MBA) Weekl...
Wed, Aug 15 2012, 2:23 PM
Six principal regulators of banks and credit unions have issued proposed rules
to establish a new appraisal requirement for "higher-risk mortgage lo...
Tue, Aug 14 2012, 12:54 PM
The Securities and Exchange Commission
(SEC) has just charged that during an eight month period in 2007 a subsidiary
of Wells Fargo and one of its...
Tue, Aug 14 2012, 12:48 PM
Housing affordability dipped slightly
during the second quarter according to the National Association of Home
Builders (NAHB)/Wells Fargo Housing O...
Tue, Aug 14 2012, 11:55 AM
HOPE NOW facilitated mortgage
modifications now total over 5.6 million since the program began in 2007
according to information released by the p...
Tue, Aug 14 2012, 11:33 AM
Ninety-five percent of homeowners who
refinanced through Freddie Mac in the second quarter of 2012 chose a fixed rate
mortgage (FRM) according t...
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...
