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...
Tue, Jun 26 2012, 10:23 AM
For the first time in eight months the S&P/Case-Shiller
Home Price Indices rose over levels of the previous month. Data through April 2012 showed th...
Tue, Jun 26 2012, 3:23 PM
Suspicious Activity Reports (SARs) related
to suspected mortgage loan fraud (MLF) filed by depository institutions decreased
sharply in the first q...
Tue, Jun 26 2012, 2:20 PM
A recent article in Public Finance Review reports on a study of the impact of the
federal mortgage interest deduction (MID) not on homebuyer beha...
Mon, Jun 25 2012, 11:21 AM
Sales of new single-family homes increased to a seasonally
adjusted annual rate of 369,000 in May from a rate of 343,000 in April
according to figu...
Mon, Jun 25 2012, 4:42 PM
California's proposed Homeowner Bill
of Rights , originally proposed by the state's attorney general Kamala Harris
and covered here
has been modi...
Mon, Jun 25 2012, 2:17 PM
The American Enterprise Institute's
(AEI) FHA Watch , a monthly on-line
publication tracking operations of the housing agency, just released its si...
Fri, Jun 22 2012, 11:38 AM
Representatives of the Mortgage Bankers
Association (MBA), and the American Bankers Association (ABA) told the House
Financial Services Subcommittee...
Thu, Jun 21 2012, 11:52 AM
Sales
of existing homes fell in May, but that decline may have been due to a lack of
available homes rather than a lack of demand.
According to t...
Thu, Jun 21 2012, 10:24 AM
A new study has found that consumers
who received mortgage modifications outperformed those who did not on new
consumer loans they opened after th...
Thu, Jun 21 2012, 1:24 PM
Both Freddie Mac and Fannie Mae will be offering additional
consideration to military personnel who may be facing problems with their
mortgage d...
Thu, Jun 21 2012, 1:21 PM
House prices tacked on another increase
in April, bringing the annual increase to 3.0 percent according to the Federal
Housing Finance Agency's (FHF...
Wed, Jun 20 2012, 12:59 PM
The average
loan to value ratio of closed loans broke through 80 percent in May according
to the Origination Insight Report released today by El...
Wed, Jun 20 2012, 10:19 AM
Lender Processing Services released
preliminary data this morning from its May Mortgage Monitor Report . The highlight of the report is that the
...
Wed, Jun 20 2012, 10:16 AM
Mortgage application volume
during the week ended June 15 fell back only slightly from the 18 percent gain
it scored a week earlier. The Mortgage Ba...
Tue, Jun 19 2012, 11:50 AM
Default rates fell in May for all types
of loans tracked by the S&P/Experian Credit Default Indices . For most loan types it was the fifth
consecu...
Tue, Jun 19 2012, 10:32 AM
The
American Recovery and Reinvestment Act of 2009 (Recovery Act) allotted $4
billion to the Department of Housing and Urban Development's (HUD) Pub...
Tue, Jun 19 2012, 10:03 AM
The EU-US Coalition on Financial
Regulation is calling on policy makers in the US and the European Union (EU) to
resume discussions of a framework t...
Tue, Jun 19 2012, 9:49 AM
The U.S. Census Bureau and the
Department of Housing and Urban Development reported this morning that permits
for the construction of new privately-...
