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...
Wed, Jul 18 2012, 1:19 PM
The application process will begin today
for bidders to purchase approximately 9,000 loans that are in process to become
FHA owned real estate (RE...
Tue, Jul 17 2012, 11:44 AM
Builder confidence took its biggest leap
in nearly a decade according to data released this morning by the National
Association of Home Builders (...
Tue, Jul 17 2012, 11:37 AM
"There
is only positive news in June's numbers," a spokesperson for S&P Dow Jones
Indices said today as the company released the S&P/Experian Con...
Tue, Jul 17 2012, 10:19 AM
Remodeling increased in May to a
seasonally adjusted annual rate of 2,663,000.
This represents a 3 percent increase from the April rate of 2,579,0...
Mon, Jul 16 2012, 2:00 PM
The changes to the HARP program that
were put in place last fall seem to be having an affect according to data
released this morning by the Federa...
Thu, Jul 12 2012, 12:27 PM
PRESS RELEASE:
Wells Fargo & Company (NYSE:WFC) announced today a definitive settlement agreement between Wells Fargo Bank, N.A. and the U.S. Depa...
Thu, Jul 12 2012, 11:30 AM
There was
heartening news this morning from CoreLogic which reports that nearly
three-quarters of a million homes emerged from negative equity bet...
Thu, Jul 12 2012, 8:34 AM
RealtyTrac
said today that 1,045,801 default notices, auction sale notices and bank
repossessions (REO) were filed during the first two quarters o...
Thu, Jul 12 2012, 1:15 PM
A Georgetown law professor is proposing
that a Resolution Trust Corporation (RTC) like entity might be the key to
getting the housing market back...
Wed, Jul 11 2012, 10:04 AM
This morning the Mortgage Bankers
Association (MBA) released its Market Composite Index for the holiday shortened
week ended July 6 and reported tha...
Wed, Jul 11 2012, 3:13 PM
The House Financial Services
subcommittee on Financial Institutions and Consumer Credit held a hearing on
Wednesday entitled " The Impact of Dodd-Fr...
Tue, Jul 10 2012, 2:23 PM
The Mortgage Bankers Association ( MBA ) joined by 15 other trade
associations has sent a letter to the Consumer Financial Protection Bureau suppor...
Mon, Jul 9 2012, 12:55 PM
On Friday the Home Affordable
Modification Program (HAMP) reported that 17,590 loans were converted to
permanent modifications during May. Today
t...
Mon, Jul 9 2012, 11:06 AM
The National Association of Realtors® ( NAR ) Strategic Issues Workgroup
held a series of structured discussions last February with brokers, sales
...
Mon, Jul 9 2012, 3:30 PM
The Consumer Financial Protection Bureau
( CFPB ) is rolling out two new mortgage disclosure forms for review and comment. The forms, one a loan e...
Mon, Jul 9 2012, 1:06 PM
Americans currently appear to be
more optimistic about the housing market than they are about the economy in
general. Fannie Mae's June 2012 Natio...
Fri, Jul 6 2012, 3:52 PM
The June
Housing Scorecard, a joint publication of the U.S. Departments of Housing and
Urban Development (HUD) and Treasury, was released this after...
Thu, Jul 5 2012, 9:34 AM
The Mortgage Composite Index, a measure of loan application
volume, was down 6.7 percent on a seasonally adjusted basis and 6.6 percent
unadjusted...
Thu, Jul 5 2012, 2:45 PM
The Office of Comptroller of the Currency has issued a
spring 2012 Semiannual Risk Perspective covering
national banks and federal savings assoc...
Thu, Jul 5 2012, 2:20 PM
The House Oversight and Government
Reform Committee issued a report today on Countrywide Mortgage and its so-called
VIP loan program which the commi...
Tue, Jul 3 2012, 10:22 AM
The first round of winners has been
selected to purchase foreclosed real estate from Freddie Mac and Fannie
Mae. The Federal Housing Finance Agen...
Mon, Jul 2 2012, 10:29 AM
Slightly more than a month after it confirmed
he was leaving his post as President and CEO, the Mortgage Bankers Association
( MBA ) announced that ...
Mon, Jul 2 2012, 10:09 AM
Home prices were up for the third
consecutive month in May as measured by CoreLogic's Home Price Index
(HPI.) The three months of increases were
...
Fri, Jun 29 2012, 12:22 PM
The Board of Supervisors in the California county of San Bernardino has,
perhaps unintentionally, picked a fight with some of the giants of the real
...
Fri, Jun 29 2012, 11:07 AM
There were 63,000 completed foreclosures in May, about 1,000 more than were completed in April according to the National Foreclosure Report issued t...
Thu, Jun 28 2012, 12:27 PM
Among those testifying at a hearing of the House Committee on Financial Oversight's subcommittee on
Insurance, Housing, and Community Opportunity wer...
Thu, Jun 28 2012, 10:27 AM
The Office of the Inspector General
( OIG ) of the Federal Housing Finance Agency ( FHFA ) issued a report this morning
that was mildly critical of...
Thu, Jun 28 2012, 2:40 PM
The Office of Comptroller of the Currency
(OCC) recently completed its 18 th annual " Survey of Credit
Underwriting Practices ." The survey seeks t...
Wed, Jun 27 2012, 11:11 AM
Pending home sales in May bounced
back to match March numbers which were the highest seen in two years. The
improvement was broad-based, affecting ...
Wed, Jun 27 2012, 9:45 AM
Mortgage
application volume as measured by the Mortgage Bankers Association's (MBA) Market
Composite Index fell 7.1 percent during the week ended J...
Wed, Jun 27 2012, 2:04 PM
Mortgage performance during the
first quarter of 2012 was the best in three years according to the Office of Comptroller
of the Currency's (OCC's) ...
Tue, Jun 26 2012, 10:28 AM
A Florida loan officer has been
sentenced to four-and-a-half years in prison and ordered to pay $9.2 million in
restitution to the Department of...
