Mon, Apr 16 2012, 3:40 PM
Thirty-three housing related organizations have signed on to a letter advocating that a broadly defined definition of a Qualified Mortgage (QM) be a...
Fri, Apr 13 2012, 12:25 PM
Officials from eleven states have formally petitioned the Federal Housing Finance Agency (FHFA) to reverse its opposition to mortgage loan principa...
Fri, Apr 13 2012, 12:21 PM
Two of the nation's largest banks came in with first quarter earnings above estimates today, due in part to improvements in their respective mortgage...
Thu, Apr 12 2012, 8:32 AM
Foreclosure activity hit the lowest level in over four years during the first quarter of 2012. Filings across the nation fell 2 percent from the f...
Wed, Apr 11 2012, 10:15 AM
Multi-family mortgages led commercial loan originations in 2011, accounting for $77.4 billion of the $184.3 billion closed commercial and multi-famil...
Wed, Apr 11 2012, 9:26 AM
There were declines in the Market Composite Index and most of its components during the week ended April 6. The Weekly Mortgage Applications Survey co...
Tue, Apr 10 2012, 10:51 AM
The Consumer Financial Protection Bureau ( CFPB ) has released an outline of possible rules for servicing companies which are designed to protect mort...
Tue, Apr 10 2012, 4:08 PM
In prepared remarks for a speech to be delivered to the Brookings Institute today the F ederal Housing Finance Agency's (FHFA) acting director laid o...
Mon, Apr 9 2012, 11:32 AM
Fannie Mae's March National Housing Survey indicates that consumers may finally realize that the good times for buy a home might not last forever. ...
Mon, Apr 9 2012, 1:33 PM
Data is the content that is input into computer software, source code is the instructions that tell the software how to work. Software users usually ...
Mon, Apr 9 2012, 1:23 PM
Senator Sherrod Brown (D-Ohio) has introduced legislation to address the lengthy process of completing real estate short sales . The process continu...
Fri, Apr 6 2012, 9:59 AM
A Federal Reserve statement issued yesterday reminds federally regulated banks that they are permitted to rent properties in their owned real estate ...
Fri, Apr 6 2012, 4:43 PM
The Departments of Housing and Urban Development (HUD) and Treasury released the February edition of the Obama Administration's Housing Scorecard on...
Fri, Apr 6 2012, 2:53 PM
Charges were brought against two former bank executives Thursday for their involvement in a fraudulent scheme to conceal their bank's deteriorating ...
Fri, Apr 6 2012, 2:19 PM
As if there weren't already enough housing policy issues to worry about, the Center for Housing Policy points to yet another challenge on the horizon...
Thu, Apr 5 2012, 11:59 AM
The National Association of Home Builders/First American Improving Markets Index (IMI) grew by two metropolitan areas (MAs) in April. Thirteen new ...
Thu, Apr 5 2012, 11:55 AM
The American Bankers Associations (ABA) composite index of delinquencies in 11 loan categories fell 10 basis points in the fourth quarter of 2011 an...
Thu, Apr 5 2012, 10:50 AM
Despite increased volume and lower expenses, mortgage bankers saw a substantial decline in profit margins during the fourth quarter of 2011 according ...
Thu, Apr 5 2012, 10:43 AM
While home prices are still falling, Clear Capital is predicting that the country will finally see a turn-around this year and a modest increase by ...
Wed, Apr 4 2012, 12:02 PM
Prices are still falling, but the pace of the decline continues to slow according to the February Home Price Index (HPI) report released today by Co...
Wed, Apr 4 2012, 10:37 AM
A new monthly report on the state of the mortgage origination market has been initiated by Ellie Mae, a company which provides software and a mort...
Wed, Apr 4 2012, 9:17 AM
A Minnesota attorney has been sanctioned by a U.S. District Court for filing what the court called " frivolous show-me-the-note actions " challengin...
Wed, Apr 4 2012, 9:00 AM
After declining steadily for six straight weeks, applications for mortgage refinancing reversed direction and drove the Mortgage Bankers Association...
Wed, Apr 4 2012, 2:46 PM
Acting Federal Housing Finance Agency Director Edward J. DeMarco spoke to the Boston Security Analysts Society on Wednesday, in part defending his ...
Tue, Apr 3 2012, 12:56 PM
Morgan Stanley is the latest large servicing operation to be sanctioned , this time by the Federal Reserve. The Fed announced this morning that it ...
Tue, Apr 3 2012, 12:51 PM
After a sharp increase in January, foreclosure starts and sales have reverse direction and resumed the steady decline they began in mid-fall. The F...
Tue, Apr 3 2012, 9:25 AM
GFI Mortgage Bankers Inc., a mortgage banker with operations in seven states, is being sued by the federal government for violations of fair housing ...
Tue, Apr 3 2012, 2:51 PM
A recent survey of risk managers and other banking executives conducted by FICO indicates there is increasing optimism in the industry about the e...
Mon, Apr 2 2012, 3:39 PM
Acting in response to questions from mortgage originators and companies, the Consumer Finance Protection Bureau (CFPB) has issued a clarification on i...
Mon, Apr 2 2012, 2:03 PM
Mortgage Insurance Companies of America ( MICA ), the trade group representing private mortgage insurance companies, reported Monday that its member...
Mon, Apr 2 2012, 1:34 PM
Construction spending during February was at a seasonally adjusted annual rate of $808.9 billion, 1.1 percent below the revised January estimate of $...
Fri, Mar 30 2012, 12:20 PM
Real estate agents appear to be playing a significant role in determining who writes their customers' mortgages. The results of a new study, Key F...
Fri, Mar 30 2012, 12:00 PM
The
Federal Reserve Bank of Dallas recently published an essay titled Choosing the Road to Prosperity:
Why We Must End Too Big to Fail - Now" w...
Thu, Mar 29 2012, 11:04 AM
Sales of investment homes surged by what the National Association of Realtors® (NAR) called " an extraordinary 64.5 percen t" in 2011, soaring from 74...
Thu, Mar 29 2012, 10:24 AM
There was a host of encouraging news in the National Foreclosure Report for February released by CoreLogic this morning. Foreclosures, the forec...
Thu, Mar 29 2012, 9:11 AM
In a posting on the Department of Housing and Urban Development's official blog The HUDdle, Acting FHA Commissioner Carol Galante responded to discu...
Thu, Mar 29 2012, 3:04 PM
Approximately
$15 million of the $132 million New York State will receive in the national
mortgage servicing settlement will be used for foreclosu...
Wed, Mar 28 2012, 10:32 AM
The Office of the Comptroller of the Comptroller of the Currency today released their Mortgage Metrics Report for the Fourth Quarter of 2011, focu...
Wed, Mar 28 2012, 9:29 AM
The
right of Mortgage Electronic Registration System, Inc. ( MERS ) to act as
mortgagee of record for mortgage investors has survived two more cour...
Wed, Mar 28 2012, 8:23 AM
Once
again a decline in refinancing wiped out modest gains in purchase mortgage
activity during the week ended March 23.
As a result the Mortgag...
Wed, Mar 28 2012, 1:16 PM
The Federal Reserve Bank of New York has
developed a series of interactive maps which allow viewers to see information
on mortgage delinquencies an...
Tue, Mar 27 2012, 12:35 PM
Freddie Mac's total mortgage portfolio
continued to shrink in January and February, contracting at an annual rate of
4.8 percent in January and 3....
Tue, Mar 27 2012, 9:18 AM
S&P/Case-Shiller reported on Tuesday
that home prices in the metropolitan areas they survey declined again in
January with both the 10-City and 20-C...
Tue, Mar 27 2012, 4:05 PM
The American Banking Association (ABA) has found that real estate lending
conditions at the end of 2011 were little changed from those at the end o...
Tue, Mar 27 2012, 2:00 PM
Despite the trauma of the last few
years, most Americans still believe that owning a home is preferable to renting
according to the latest quarter...
Mon, Mar 26 2012, 11:18 AM
While homebuyers are pursuing short
sales with less enthusiasm because of the lengthy and unpredictable process,
investors are finding them a new...
Mon, Mar 26 2012, 11:16 AM
Pending home sales reported by the
National Association of Realtors® declined by one-half of one percent in
February but are well above the level r...
Fri, Mar 23 2012, 11:03 AM
New home sales in February were down 1.6 percent from sales
in January according to the U.S. Census Bureau and the Department of Housing
and Urban ...
Fri, Mar 23 2012, 11:01 AM
Annual reports from financial
institutions rarely make the best seller list, but the one published by the
Federal Reserve Bank of Dallas is beginnin...
Fri, Mar 23 2012, 10:17 AM
Another program to keep distressed
borrowers in their homes was announced this morning by Bank of America. " Mortgage
to Lease " will start immedi...
