Wed, Apr 18 2012, 4:17 PM
The Financial Stability Board (FSB) has released its Principles for Sound Residential Mortgage Underwriting Practices . FSB is an international bo...
Wed, Apr 18 2012, 3:33 PM
A so-called Homeowner Bill of Rights has been introduced to the California State Assembly in the form of seven bills centered primarily on the imp...
Wed, Apr 18 2012, 3:26 PM
A key official of the Department of Housing and Urban Development ( HUD ) was sworn into office on Wednesday. Maurice Jones assumed the second high...
Tue, Apr 17 2012, 10:44 AM
The U.S. Census Bureau and Department of Housing and Urban Development (HUD) reported this morning that permits for privately owned housing construct...
Mon, Apr 16 2012, 10:58 AM
Home builders shifted direction this month reversing the growing optimism they had been exhibiting since last fall. The National Association of Hom...
Mon, Apr 16 2012, 10:16 AM
As has been indicated in reports from the Joint Center on Housing and the National Association of Home Builders, home remodeling is emerging as a br...
Mon, Apr 16 2012, 4:39 PM
Three mortgage originators and a title agent have been permanently barred from conducting business with the federal government after they pled guilty ...
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...
